INDUS Announces Quarterly Cash Dividend

Rhea-AI Summary

INDUS Realty Trust (NASDAQ: INDT) has declared a cash dividend of $0.16 per share for Q1 2022. This dividend will be payable on April 15, 2022, to stockholders on record as of March 31, 2022. INDUS specializes in the development, acquisition, and leasing of industrial/logistics properties, owning 36 buildings totaling approximately 5.4 million square feet across multiple states including Connecticut and Pennsylvania.

Positive

• Declaring a cash dividend of $0.16 per share shows confidence in financial stability.
• INDUS owns 36 industrial/logistics buildings, enhancing its revenue potential.

Negative

• Potential uncertainties regarding future dividend payments as indicated by forward-looking statements.

NEW YORK--(BUSINESS WIRE)-- INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) a U.S.-based industrial/logistics REIT, announced today that its Board of Directors has declared a cash dividend of $0.16 per share of common stock for the first quarter of 2022. The dividend will be payable on April 15, 2022, to stockholders of record on March 31, 2022.

About INDUS
INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial/logistics properties. INDUS owns 36 industrial/logistics buildings aggregating approximately 5.4 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 filings, including the “Business,” “Risk Factors” and “Forward-Looking Statements” sections in INDUS’ Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 11, 2022, as updated by other filings with the Securities and Exchange Commission. 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/20220314005620/en/

Ashley Pizzo

Vice President, Capital Markets & Investor Relations

investor@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 amount declared by INDUS Realty Trust for Q1 2022?

INDUS Realty Trust declared a cash dividend of $0.16 per share for Q1 2022.

When will the dividend be payable to shareholders?

The dividend will be payable on April 15, 2022.

Who is eligible to receive the dividend from INDUS Realty Trust?

Shareholders of record as of March 31, 2022, are eligible to receive the dividend.

What does INDUS Realty Trust specialize in?

INDUS Realty Trust specializes in developing, acquiring, managing, and leasing industrial/logistics properties.