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Griffin Industrial Realty, symbol INDT, is a distinguished company specializing in the development and management of industrial and commercial facilities. Our mission is to support businesses by providing strategic, responsive, and quality-driven property solutions. We offer high-performing and flexible facilities that cater to the evolving needs of our tenants. Our full-service in-house expertise ensures comprehensive support, fostering close and trusting partnerships that deliver unmatched value.

Our properties are strategically located in prime areas, providing significant economic development benefits and numerous regional amenities. These locations are carefully chosen to enhance business operations and improve accessibility for our tenants. We pride ourselves on our ability to create environments that help businesses thrive.

In recent years, Griffin Industrial Realty has achieved notable milestones. Our portfolio has expanded to include a diverse range of industrial and commercial properties, each designed to meet the highest standards of performance and flexibility. Our current projects include state-of-the-art facilities that are tailored to support various industries, from manufacturing to logistics.

Financially, Griffin Industrial Realty remains robust. Our strategic approach and commitment to quality have translated into solid financial performance, ensuring stability and growth for our stakeholders. We continue to explore new opportunities and partnerships that align with our mission and values, reinforcing our position as a leader in the industry.

Our dedicated team is constantly innovating and adapting to market trends, ensuring that we provide the best possible service to our tenants. Whether you are looking to lease a facility or seeking a long-term partnership, Griffin Industrial Realty offers solutions that cater to your unique business needs.

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INDUS Realty Trust, Inc. has completed a merger with affiliates of Centerbridge Partners and GIC in an all-cash transaction valued at approximately $868 million. The Abu Dhabi Investment Authority will also act as a strategic investor. INDUS' common stock will be delisted from Nasdaq.
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INDUS Realty Trust, Inc. has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its merger agreement. The parties expect to close the merger on June 29, 2023.
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INDUS Realty Trust, Inc. reported financial results for Q1 2023. Net loss of $5.8 million compared to net income of $0.3 million in Q1 2022. Core FFO from continuing operations increased to $5.3 million from $4.0 million. NOI from continuing operations increased to $10.5 million from $8.7 million. Executed one first generation lease totaling 99,176 square feet. Quarterly cash dividend of $0.18 per share announced. Entered into a definitive merger agreement with Centerbridge Partners and GIC Real Estate for $67.00 per share.
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INDUS Realty Trust (NASDAQ: INDT) announced the filing of its preliminary proxy statement regarding a definitive merger agreement with Centerbridge Partners and GIC, valuing the transaction at about $868 million. The merger will allow all outstanding shares of the company to be acquired in an all-cash deal. Centerbridge has also secured strategic investment from Abu Dhabi Investment Authority post-closing. The deal is expected to close in the summer of 2023, pending necessary approvals. INDUS aims to provide significant value to stockholders through this merger, which reflects the quality of its long-established industrial portfolio.

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INDUS Realty Trust has declared a quarterly cash dividend of $0.18 per share for Q1 2023. This dividend will be payable on April 14, 2023, to stockholders on record by March 31, 2023. INDUS specializes in the development, acquisition, management, and leasing of industrial/logistics properties, boasting a total of 42 buildings that comprise 6.1 million square feet across five states: Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.

For further updates, shareholders should monitor INDUS’ SEC filings, particularly regarding future dividends and business conditions.

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INDUS Realty Trust reported its 2022 financial results, showing a fourth-quarter net income of $1.9 million ($0.19 per share), down from $19.6 million ($1.94 per share) in Q4 2021. Core Funds from Continuing Operations rose to $5.3 million ($0.52 per share) from $3.6 million ($0.35 per share) year-over-year. The company executed leases totaling 543,000 square feet and recorded a 16% increase in rental revenue, largely due to property acquisitions. A quarterly cash dividend of $0.18 per share was declared, a 12.5% increase. Additionally, INDUS entered a merger agreement for $67.00 per share in cash, set to close in summer 2023, pending regulatory approvals.

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INDUS Realty Trust has announced a definitive merger agreement with affiliates of Centerbridge Partners and GIC Real Estate. Under this agreement, INDUS stockholders will receive $67.00 per share in cash, representing a 17% premium to the unaffected stock price from November 25, 2022, and a 26% premium to the 30-day volume-weighted average stock price as of that date. The all-cash transaction is valued at approximately $868 million and is expected to close in summer 2023, subject to customary approvals. Post-transaction, INDUS' stock will no longer be traded on Nasdaq.

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FAQ

What is the market cap of INDT (INDT)?

The market cap of INDT (INDT) is approximately 683.2M.

What does Griffin Industrial Realty do?

Griffin Industrial Realty develops and manages industrial and commercial facilities, providing high-performing and flexible spaces for businesses.

Where are Griffin Industrial Realty's properties located?

Our properties are located in prime strategic locations that offer significant economic development benefits and numerous regional amenities.

What makes Griffin Industrial Realty's facilities stand out?

Our facilities are known for their high performance, flexibility, and the full-service in-house expertise we provide to our tenants.

How does Griffin Industrial Realty support its tenants?

We offer strategic, responsive, and quality-driven property solutions, fostering close partnerships and delivering unmatched value.

What industries does Griffin Industrial Realty cater to?

We cater to a variety of industries, including manufacturing, logistics, and other commercial sectors.

What are some recent achievements of Griffin Industrial Realty?

We have expanded our portfolio with state-of-the-art facilities and continue to achieve solid financial performance and strategic growth.

How is Griffin Industrial Realty performing financially?

Griffin Industrial Realty remains financially robust, with a strategic approach that ensures stability and growth.

What is the company's approach to property development?

Our approach involves strategic location selection, high standards of performance, and flexibility to meet the evolving needs of our tenants.

Does Griffin Industrial Realty offer long-term leases?

Yes, we offer both leasing options and long-term partnerships, catering to the unique business needs of our tenants.

How can I get more information about leasing a property?

For more information on leasing, you can contact us directly through our website or reach out to our team for personalized assistance.

INDT

Nasdaq:INDT

INDT Rankings

INDT Stock Data

683.16M
6.49M
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
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