INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced today the completion of the previously announced merger whereby affiliates of Centerbridge Partners, L.P. ("Centerbridge"), a global private investment firm with deep experience in real estate, and GIC, a global institutional investor, have acquired all of the outstanding shares of INDUS' common stock in an all-cash transaction valued at approximately $868 million. Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA") will act as a strategic investor alongside Centerbridge in the ownership of INDUS post-closing. "We are excited to have close

INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company") a U.S.-based industrial/logistics REIT, announced that it has received written notice from the Committee on Foreign Investment in the United States ("CFIUS") that it has concluded its review and cleared the transaction contemplated by the previously announced Agreement and Plan of Merger, dated as of February 22, 2023 (the "Merger Agreement") by and among the Company, IR Parent, LLC, a Delaware limited liability company ("Parent"), and IR Merger Sub II, Inc., a Maryland corporation and a wholly-owned subsidiary of Parent (the transaction contemplated thereby, the "Merger"). All regulatory approvals required to close the Merg

INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company") a U.S.-based industrial/logistics REIT, announced that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.18 per share for the second quarter of 2023. The dividend will be payable on June 28, 2023 (the "Payment Date") to stockholders of record on June 22, 2023 (the "Record Date"). Pending Merger Transaction As previously announced, on February 22, 2023, INDUS entered into an Agreement and Plan of Merger by and among the Company, IR Parent, LLC and IR Merger Sub II, Inc. (the "Merger Agreement"), whereby affiliates of Centerbridge Partners, L.P., a private investment firm with deep experi

Colliers Securities initiated coverage of INDUS Realty Trust with a rating of Neutral and set a new price target of $70.00

JMP Securities resumed coverage of INDUS Realty Trust with a rating of Mkt Outperform and set a new price target of $81.00

Aegis Capital initiated coverage of INDUS Realty Trust with a rating of Buy and set a new price target of $89.00

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INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced that it has appointed Michael Simanovsky as a new independent director to serve on its Board of Directors (the "Board") as of January 15, 2022. Mr. Simanovsky is the Founder and Managing Partner of Conversant Capital LLC ("Conversant"). "We are pleased to welcome Mike to the INDUS Board," said Michael Gamzon, President and Chief Executive Officer of the Company. "Mike's deep knowledge of real estate and capital markets, coupled with his public company experience will be invaluable to INDUS as we continue to grow our business and pursue our mission to be a best-in-class indus

NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) has appointed Thomas M. Daniells as Senior Vice President, General Counsel and Corporate Secretary. Tom joins INDUS from Murtha Cullina LLP (“Murtha”) where he was a Partner since 1998. “We are extremely fortunate to have Tom, who already has a deep knowledge and understanding of our company, join our leadership team,” said Michael Gamzon, President & Chief Executive Officer of INDUS. “Tom has worked closely with INDUS for many years and we are confident that he will continue to provide tremendous value to the Company.” Tom has served as outside counsel to the Company’s real e

INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company") a U.S.-based industrial/logistics REIT, announced that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.18 per share for the second quarter of 2023. The dividend will be payable on June 28, 2023 (the "Payment Date") to stockholders of record on June 22, 2023 (the "Record Date"). Pending Merger Transaction As previously announced, on February 22, 2023, INDUS entered into an Agreement and Plan of Merger by and among the Company, IR Parent, LLC and IR Merger Sub II, Inc. (the "Merger Agreement"), whereby affiliates of Centerbridge Partners, L.P., a private investment firm with deep experi

INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, reported financial results for the quarter ended March 31, 2023: 2023 First Quarter & Recent Highlights Net loss of $5.8 million, or $0.57 per basic share, for the 2023 first quarter compared to net income of $0.3 million, or $0.03 per basic and diluted share, for the 2022 first quarter Core Funds from Continuing Operations ("Core FFO from continuing operations")1 of $5.3 million, or $0.51 per diluted share, for the 2023 first quarter compared to $4.0 million, or $0.38 per diluted share, for the 2022 first quarter Net Operating Income from Continuing Operations ("NOI from co

INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company") a U.S.-based industrial/logistics REIT, announced that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.18 per share for the first quarter of 2023. The dividend will be payable on April 14, 2023 to stockholders of record on March 31, 2023. About INDUS INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial/logistics properties. INDUS owns 42 industrial/logistics buildings aggregating approximately 6.1 million square feet in Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida. Forward-Looking Statements: This Pr

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