Indus Announces Quarterly Cash Dividend

Rhea-AI Summary

INDUS Realty Trust, Inc. (Nasdaq: INDT) has declared a cash dividend of $0.18 per share for Q4 2022, marking a 12.5% increase from the previous quarter. The dividend is payable on January 17, 2023, to stockholders on record as of December 30, 2022. INDUS, based in the U.S., manages and leases industrial/logistics properties across several states, owning 42 buildings totaling approximately 6.1 million square feet.

Positive

• 12.5% increase in quarterly dividend indicates strong financial performance and confidence in future cash flow.
• $0.18 dividend payment supports shareholder income.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) a U.S.-based industrial/logistics REIT, announced that its Board of Directors has declared a cash dividend of $0.18 per share of common stock for the fourth quarter of 2022 which represents a 12.5% increase over the prior quarter. The dividend will be payable on January 17, 2023 to stockholders of record on December 30, 2022.

About INDUS

INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial/logistics properties. INDUS owns 42 industrial/logistics buildings aggregating approximately 6.1 million square feet in Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.

Forward-Looking Statements:

This Press Release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include INDUS’ beliefs and expectations regarding future events or conditions including, without limitation, statements regarding expected dividend payments. Although INDUS believes that its plans, intentions and expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such plans, intentions or expectations will be achieved. The projected information disclosed herein is based on assumptions and estimates that, while considered reasonable by INDUS as of the date hereof, are inherently subject to significant business, economic, competitive and regulatory uncertainties and contingencies, many of which are beyond the control of INDUS, and which could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements. Other important factors that could affect the outcome of the events set forth in these statements are described in INDUS’ Securities and Exchange Commission (“SEC”) filings, including the “Business,” “Risk Factors” and “Forward-Looking Statements” sections in INDUS’ Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 11, 2022, as updated by other filings with the SEC. INDUS disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221206006026/en/

Ashley Pizzo

Vice President, Capital Markets & IR­­­

(212) 218-7914

apizzo@indusrt.com



Jon Clark

Executive Vice President, Chief Financial Officer

(860) 286-2419

jclark@indusrt.com

Source: INDUS Realty Trust, Inc.

FAQ

What is the dividend payment amount for INDT in Q4 2022?

INDT declared a cash dividend of $0.18 per share for Q4 2022.

When will the dividend for INDT be paid?

The dividend will be payable on January 17, 2023.

What is the record date for INDT's dividend payment?

The record date for the dividend payment is December 30, 2022.

How many properties does INDT own?

INDT owns 42 industrial/logistics buildings totaling approximately 6.1 million square feet.

What percentage increase did INDT's dividend see in Q4 2022?

The dividend increased by 12.5% compared to the previous quarter.