INDUS Announces Quarterly Cash Dividend

Rhea-AI Summary

INDUS Realty Trust, Inc. (NASDAQ: INDT) has declared a cash dividend of $0.16 per share for Q2 2022, payable on July 15, 2022, to shareholders on record as of June 30, 2022. The company operates in the industrial/logistics real estate sector, owning 38 properties totaling approximately 5.6 million square feet across five states: Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida. Forward-looking statements indicate potential risks that could affect dividend payments, emphasizing uncertainties in the current economic environment.

Positive

• Declared a cash dividend of $0.16 per share for Q2 2022.
• Company owns 38 industrial/logistics buildings totaling approximately 5.6 million square feet.

Negative

• Potential risks related to forward-looking statements may affect dividend sustainability.

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 second quarter of 2022. The dividend will be payable on July 15, 2022, to stockholders of record on June 30, 2022.

About INDUS

INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial/logistics properties. INDUS owns 38 industrial/logistics buildings aggregating approximately 5.6 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/20220613005843/en/

Jon Clark

Executive Vice President, Chief Financial Officer

(860) 286-2419

jclark@indusrt.com

Investor Relations

investor@indusrt.com

Source: INDUS Realty Trust, Inc.

FAQ

What is the dividend amount declared by INDUS Realty Trust for Q2 2022?

INDUS Realty Trust declared a cash dividend of $0.16 per share for Q2 2022.

When is the dividend for INDUS Realty Trust payable?

The dividend will be payable on July 15, 2022.

What is the record date for INDUS Realty Trust's Q2 2022 dividend?

The record date for the dividend is June 30, 2022.

What properties does INDUS Realty Trust manage?

INDUS Realty Trust manages 38 industrial/logistics buildings across Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.