Welcome to our dedicated page for Indus Realty Trust news (Ticker: INDT), a resource for investors and traders seeking the latest updates and insights on Indus Realty Trust stock.
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.
INDUS Realty Trust, Inc. (Nasdaq: INDT) has successfully acquired two land parcels in Florida and Pennsylvania, enhancing its industrial/logistics portfolio. The Orlando Land spans approximately 75 acres, purchased for
INDUS Realty Trust, Inc. (NASDAQ: INDT) reported significant activity for the quarter ended December 31, 2022. The company executed six leases totaling 543,000 square feet and completed the sale of its office/flex portfolio for $11 million. INDUS also plans to purchase 75 acres in Orlando for $18 million and announced a cash dividend of $0.18 per share, marking a 12.5% increase. The stabilized portfolio was 98.8% leased, and the total in-service portfolio was 97.2% leased as of December 31, 2022.
INDUS Realty Trust, Inc. (Nasdaq: INDT) has declared a cash dividend of
INDUS Realty Trust, Inc. (NASDAQ: INDT) has sold its office/flex portfolio, comprised of eight buildings totaling 194,000 square feet in Bloomfield, Connecticut, for $11.0 million. This sale, recorded in discontinued operations, transforms INDUS into a pure-play industrial/logistics real estate firm. Now, the company owns 42 industrial/logistics buildings totaling approximately 6.1 million square feet across key U.S. markets including Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida, focusing on high-growth areas.
INDUS Realty Trust, Inc. (Nasdaq: INDT) announced receiving an unsolicited proposal from Centerbridge Partners and GIC Real Estate to acquire 100% of the outstanding shares not already owned by Centerbridge for $65.00 per share. The Company’s Board of Directors will review the proposal with their financial and legal advisors to maximize shareholder value. INDUS remains confident in its performance and growth prospects. Shareholders are advised not to take any action at this time.
INDUS Realty Trust, Inc. (Nasdaq: INDT), a U.S.-based industrial/logistics REIT, announced its participation in the Nareit REITworld 2022 Annual Conference from November 15-17, 2022, at the San Francisco Marriott Marquis Hotel.
During this event, INDUS will host individual meetings with investors. Presentation materials will be available on their website prior to the conference start. INDUS owns 42 industrial/logistics buildings across five states, totaling approximately 6.1 million square feet.
INDUS Realty Trust (Nasdaq: INDT) reported third-quarter financial results for 2022, achieving net income of $1.1 million or $0.11 per diluted share, a significant improvement from a net loss of $3.5 million in Q3 2021. Core Funds from Continuing Operations rose to $5.7 million, or $0.55 per share, up from $3.8 million in the prior year. Net Operating Income increased by 34.1% to $10.2 million. The company executed five leases totaling 418,000 square feet and maintained a 100% leased stabilized portfolio. Additionally, a $6.5 million land acquisition was completed in Allentown, PA. A quarterly cash dividend of $0.16 per share was declared.
INDUS Realty Trust (Nasdaq: INDT) reported significant updates for Q3 2022, including the execution of 5 leases totaling 418,000 square feet. They completed developments totaling 430,000 square feet in Hartford and Orlando. The company acquired a 7.6-acre parcel in Allentown for $6.5 million. As of September 30, 2022, the stabilized portfolio was 100% leased. INDUS repaid a $26.3 million construction loan and declared a cash dividend of $0.16 per share, payable on October 14, 2022. The company will release Q3 earnings on November 7, 2022.
INDUS Realty Trust, Inc. (Nasdaq: INDT) will release its financial results for Q3 2022 on November 7, 2022, post-market. A conference call is scheduled for November 8, 2022, at 10:00 AM ET, to discuss the results and provide updates. Participants can pre-register for easier access to the call through a provided link. The webcast will also be available for listening. INDUS, primarily focused on industrial/logistics real estate, owns 42 properties totaling approximately 6.1 million square feet across five states.
INDUS Realty Trust, Inc. (Nasdaq: INDT) has declared a cash dividend of $0.16 per share for Q3 2022. The dividend is scheduled for payment on October 14, 2022, to shareholders of record as of September 30, 2022. The company owns 39 industrial/logistics properties totaling approximately 5.7 million square feet across Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida. INDUS focuses on the development, acquisition, management, and leasing of these properties.
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