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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.
INDUS Realty Trust (Nasdaq: INDT) reported its first-quarter 2022 financial results, achieving a net income of $0.3 million ($0.03 per diluted share), recovering from a net loss of $0.8 million in Q1 2021. Core FFO rose to $4.0 million ($0.38 per diluted share), up from $2.4 million ($0.39 per diluted share). NOI increased by 29% to $8.7 million. The company's total rental revenue was $11.5 million, a 21% increase due to high occupancy rates. INDUS continues to expand its portfolio, acquiring properties in key markets and maintaining a 100% leasing rate. A dividend of $0.16 per share was also declared.
INDUS Realty Trust, Inc. (Nasdaq: INDT) announced an amendment to its Credit Agreement, increasing it to
INDUS Realty Trust (Nasdaq: INDT) will report its financial results for Q1 2022 before market opens on May 10, 2022. A conference call will follow at 11:00 am ET on the same day, including a business update and a Q&A session. The press release and financial details will be accessible on the company's website prior to the call. Participants are encouraged to pre-register for quicker access. INDUS owns 36 industrial/logistics properties comprising approximately 5.4 million square feet across five states: Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.
INDUS Realty Trust (Nasdaq: INDT) reported strong leasing and acquisition activity for Q1 2022, with all portfolio properties fully leased. The company acquired a 217,000 sq. ft. building in Charlotte, NC for
INDUS Realty Trust (NASDAQ: INDT) has declared a cash dividend of
INDUS Realty Trust (Nasdaq: INDT) reported strong financial results for Q4 2021, posting a net income of $19.6 million or $1.94 per diluted share, reversing a net loss of $8.8 million in Q4 2020. Core FFO rose to $3.8 million, with NOI from industrial/logistics properties increasing 32.2% year-over-year to $8.3 million. The company acquired two industrial properties for $43.2 million and completed a public offering, generating $152.8 million. The industrial/logistics portfolio is 98.4% leased, with a planned sale of office/flex buildings to focus on industrial growth.
INDUS Realty Trust, Inc. (NASDAQ: INDT) has announced a purchase agreement to acquire a 280,000 square foot industrial/logistics building in the Greenville-Spartanburg area. This forward acquisition, set for completion in the first quarter of 2023, aims to expand INDUS's presence along the I-85 corridor, benefiting from regional economic growth and a strong manufacturing base. However, the acquisition is subject to satisfactory due diligence, and there is no guarantee it will proceed as planned.
INDUS Realty Trust, Inc. (Nasdaq: INDT) announced its intention to sell its Office/Flex Portfolio, which consists of seven buildings totaling approximately 175,200 square feet in Windsor and Bloomfield, Connecticut. Currently 70% leased, this move will enable INDUS to fully exit its legacy office investments. Alongside this, INDUS plans to sell an additional 18,000 square foot building used for storage. Post-sale, INDUS will operate as a dedicated industrial/logistics REIT, focusing on high-growth markets.
INDUS Realty Trust, Inc. (Nasdaq: INDT) will participate in the Citi 2022 Global Property CEO Conference from March 7-9, 2022, at the Diplomat Beach Resort in Hollywood, Florida. The President and CEO, Michael Gamzon, will present on March 9 at 9:00 a.m. ET, followed by a Q&A session, which will be broadcast live and available for one year. An updated investor presentation will be accessible on the company’s website starting March 7. INDUS focuses on developing and managing industrial/logistics properties across multiple states, with 36 buildings totaling 5.4 million square feet.
INDUS Realty Trust, Inc. (NASDAQ: INDT) will announce its financial results for the quarter and year ending December 31, 2021, before the market opens on March 7, 2022. The company plans to hold a conference call at 10:00 am ET on the same day to discuss these results and provide a business update. Participants can pre-register for the call to receive an access code, and a listen-only webcast will also be available. INDUS operates 36 industrial/logistics buildings across multiple states, totaling approximately 5.4 million square feet.
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