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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.

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INDUS Realty Trust, Inc. (Nasdaq: INDT) announced the repayment of a $26.3 million construction loan using cash reserves. This repayment eliminates floating rate debt and postpones any debt maturities until 2027. The property at 9817 Old Statesville Road, Charlotte, North Carolina, previously secured by the loan, is now fully owned by INDUS, enhancing the company's asset base.

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INDUS Realty Trust, Inc. (Nasdaq: INDT) announced its participation in the Bank of America Securities 2022 Global Real Estate Conference on September 13-14, 2022, at the Conrad New York Downtown Hotel. The company plans to host individual meetings with investors during the event. Presentation materials will be available on the company’s website by the start of the conference. INDUS focuses on developing and managing industrial/logistics properties and owns 39 buildings across five states, totaling approximately 5.7 million square feet.

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INDUS Realty Trust (Nasdaq: INDT) reported a strong performance for Q2 2022, achieving a net income of $2.8 million ($0.27 per diluted share) compared to a net loss of $1.2 million in Q2 2021. Core FFO from continuing operations rose to $5.0 million ($0.48 per diluted share), along with a 26% increase in rental revenue to $11.7 million. The company’s stabilized portfolio remains fully leased at 100%, with significant recent acquisitions and lease agreements. INDUS maintains strong liquidity at $266.7 million and declared a quarterly dividend of $0.16 per share, reinforcing its commitment to shareholder returns.

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INDUS Realty Trust, Inc. (Nasdaq: INDT) will release its financial results for Q2 2022 on August 8, 2022. A conference call is scheduled for August 9 at 11:00 AM ET to discuss the results and provide a business update. Interested participants can pre-register for the call. The company operates 39 industrial/logistics properties totaling approximately 5.7 million square feet across Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida. Additional financial information will be available on INDUS' website.

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INDUS Realty Trust, Inc. (NASDAQ: INDT) reported significant updates for Q2 2022, including the acquisition of a 205,000 sq. ft. portfolio in Florida, boosting its footprint in the region. The company also completed leases totaling 358,000 sq. ft., with a stabilized portfolio that was fully leased. A $250 million credit facility was established to enhance liquidity, allowing for debt repayment and no fixed-rate debt maturities until 2027. With a total of 5.7 million sq. ft. across 39 buildings, INDUS aims for a cash NOI yield of 6.0% to 6.5% from its development pipeline.

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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.

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INDUS Realty Trust, Inc. (Nasdaq: INDT) has successfully completed the acquisition of a fully leased, approximately 205,000 square foot portfolio in Orlando and Palm Beach, Florida, for $31.6 million. The deal reflects an in-place cash capitalization rate of about 4.6%. This strategic purchase expands INDUS's holdings in Florida to approximately 621,000 square feet across seven buildings, with potential for strong rent growth due to below-market current rents and limited supply. The company anticipates benefits from population and economic growth in these regions.

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INDUS Realty Trust, Inc. (NASDAQ: INDT) announced participation in Nareit’s REITweek 2022 Investor Conference, scheduled from June 7th to June 9th at the New York Hilton Midtown. Management will present on June 7 from 3:00 pm to 3:30 pm ET. Updated materials will be available on their website on the evening of June 6. INDUS primarily develops and manages industrial/logistics properties, owning 35 buildings totaling approximately 5.4 million square feet across Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.

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INDUS Realty Trust, Inc. (Nasdaq: INDT) announced its inclusion in the MSCI US REIT Index effective May 31, 2022, as part of the May 2022 Semi-Annual Index Review. This addition enhances INDUS's visibility and credibility in the market, potentially attracting more institutional investors. INDUS currently owns 35 industrial/logistics properties totaling approximately 5.4 million square feet across several U.S. states, including Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.

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FAQ

What is the market cap of INDT (INDT)?

The market cap of INDT (INDT) is approximately 683.2M.

What does Griffin Industrial Realty do?

Griffin Industrial Realty develops and manages industrial and commercial facilities, providing high-performing and flexible spaces for businesses.

Where are Griffin Industrial Realty's properties located?

Our properties are located in prime strategic locations that offer significant economic development benefits and numerous regional amenities.

What makes Griffin Industrial Realty's facilities stand out?

Our facilities are known for their high performance, flexibility, and the full-service in-house expertise we provide to our tenants.

How does Griffin Industrial Realty support its tenants?

We offer strategic, responsive, and quality-driven property solutions, fostering close partnerships and delivering unmatched value.

What industries does Griffin Industrial Realty cater to?

We cater to a variety of industries, including manufacturing, logistics, and other commercial sectors.

What are some recent achievements of Griffin Industrial Realty?

We have expanded our portfolio with state-of-the-art facilities and continue to achieve solid financial performance and strategic growth.

How is Griffin Industrial Realty performing financially?

Griffin Industrial Realty remains financially robust, with a strategic approach that ensures stability and growth.

What is the company's approach to property development?

Our approach involves strategic location selection, high standards of performance, and flexibility to meet the evolving needs of our tenants.

Does Griffin Industrial Realty offer long-term leases?

Yes, we offer both leasing options and long-term partnerships, catering to the unique business needs of our tenants.

How can I get more information about leasing a property?

For more information on leasing, you can contact us directly through our website or reach out to our team for personalized assistance.

INDT

Nasdaq:INDT

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683.16M
6.49M
Other Activities Related to Real Estate
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