INDUS Increases 2021 Fourth Quarter Dividend to $0.16 Per Share, a 6.7% Increase Over Prior Quarter

Rhea-AI Summary

INDUS Realty Trust, Inc. (Nasdaq: INDT) has declared a cash dividend of $0.16 per share for Q4 2021, marking a 6.7% increase from Q3 2021. The dividend is set to be paid on January 14, 2022, to shareholders on record as of December 30, 2021. INDUS operates primarily in industrial and logistics properties, with a portfolio of 35 buildings totaling approximately 5.2 million square feet across several states including Connecticut and Florida. The company emphasizes future growth while acknowledging uncertainties that may affect its projections.

Positive

• Declared a cash dividend of $0.16 per share for Q4 2021.
• 6.7% increase in dividend compared to Q3 2021.
• Strong portfolio of 35 industrial/logistics buildings totaling 5.2 million square feet.

Negative

• Forward-looking statements indicate potential uncertainties affecting future performance.

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 fourth quarter of 2021, a 6.7% increase over the cash dividend per share in the third quarter of 2021. The dividend will be payable on January 14, 2022, to stockholders of record on December 30, 2021.

About INDUS

INDUS is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/logistics properties. INDUS owns 35 industrial/logistics buildings aggregating approximately 5.2 million square feet in Connecticut, Pennsylvania, North Carolina, South Carolina and Florida in addition to several office/flex properties and undeveloped land.

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’s 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’s Securities and Exchange Commission filings, including the “Business,” “Risk Factors” and “Forward-Looking Statements” sections in INDUS’s Annual Report on Form 10-K for the fiscal year ended November 30, 2020, filed with the SEC on February 18, 2021, and Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2021, filed with the SEC on November 4, 2021. 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/20211215005033/en/

Anthony Galici

Executive Vice President, Chief Financial Officer

(860) 286-1307

agalici@indusrt.com

Ashley Pizzo

Vice President, Capital Markets & Investor Relations

(212) 218-7914

apizzo@indusrt.com

Source: INDUS Realty Trust, Inc.

FAQ

What is the dividend amount declared by INDUS Realty Trust for Q4 2021?

INDUS Realty Trust declared a dividend of $0.16 per share for Q4 2021.

When will INDUS Realty Trust pay the dividend?

The dividend will be payable on January 14, 2022, to stockholders of record on December 30, 2021.

How does the Q4 2021 dividend compare to Q3 2021?

The Q4 2021 dividend represents a 6.7% increase over the dividend paid in Q3 2021.

What types of properties does INDUS Realty Trust invest in?

INDUS primarily invests in industrial and logistics properties across several U.S. states.

What factors could affect INDUS Realty Trust's future performance?

Future performance is subject to significant business, economic, competitive, and regulatory uncertainties.