INDUS Realty Trust, Inc. is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/warehouse properties. INDUS owns 41 buildings totaling approximately 4.6 million square feet (4.2 million of which is industrial/warehouse space) in Connecticut, Pennsylvania, North Carolina and Florida in addition to over 3,400 acres of undeveloped land.
IPO Year:
Exchange: NASDAQ
Website: indusrt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/24/2022 | $70.00 | Neutral | Colliers Securities |
| 5/18/2022 | $81.00 | Mkt Outperform | JMP Securities |
| 12/8/2021 | $89.00 | Buy | Aegis Capital |
| 11/17/2021 | $80.00 → $85.00 | Market Outperform | JMP Securities |
| 10/20/2021 | $77.00 | Buy | Berenberg |
| 10/20/2021 | $80.00 | Market Outperform | JMP Securities |
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
4 - INDUS REALTY TRUST, INC. (0001037390) (Issuer)
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
INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, reported financial results for the quarter and full year ended December 31, 2022: 2022 Fourth Quarter & Recent Highlights Net income of $1.9 million, or $0.19 per diluted share, for the 2022 fourth quarter compared to net income of $19.6 million, or $1.94 per diluted share, for the 2021 fourth quarter Core Funds from Continuing Operations ("Core FFO from continuing operations")1 of $5.3 million, or $0.52 per diluted share, for the 2022 fourth quarter compared to $3.6 million, or $0.35 per diluted share, for the 2021 fourth quarter Net Operating Income from Continuing Operations
INDUS Stockholders to Receive $67.00 Per Share in Cash Transaction Represents 17% Premium to INDUS' Unaffected Stock Price on November 25, 2022 INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, today announced it has entered into a definitive merger agreement under which affiliates of Centerbridge Partners, L.P. ("Centerbridge"), a leading global private investment firm with deep experience in real estate, and GIC Real Estate, Inc. ("GIC"), a global institutional investor, will acquire all of the outstanding shares of the Company in an all-cash transaction valued at approximately $868 million. The transaction was unanimously approve
INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced the following leasing, acquisition, development and business updates for the three months ended December 31, 2022: Highlights Executed six leases totaling 543,000 square feet across the Company's portfolio and acquisition pipeline. The Company's acquisitions under contract in the Nashville and Charleston markets are now 100.0% pre-leased. Completed the sale of the Company's office/flex portfolio for a sale price of $11.0 million. Entered into an agreement to purchase approximately 75 acres of fully entitled land in the Orlando, Florida market which can support the cons
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 cash dividend of $0.18 per share of common stock for the fourth quarter of 2022 which represents a 12.5% increase over the prior quarter. The dividend will be payable on January 17, 2023 to stockholders of record on December 30, 2022. 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, a
INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, reported financial results for the quarter ended September 30, 2022: 2022 Third Quarter Highlights Net income of $1.1 million, or $0.11 per diluted share, for the 2022 third quarter compared to a net loss of $3.5 million, or $0.46 per diluted share, for the 2021 third quarter Core Funds from Continuing Operations ("Core FFO from continuing operations")1 of $5.7 million, or $0.55 per diluted share, for the 2022 third quarter compared to $3.8 million, or $0.49 per diluted share, for the 2021 third quarter Net Operating Income from Continuing Operations ("NOI from continuing operat
INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced the following leasing, acquisition, development and business updates for the three months ended September 30, 20221: Highlights Executed 5 leases totaling approximately 418,000 square feet across the Company's portfolio. Completed and placed into service two development projects in the Hartford, Connecticut and Orlando, Florida markets totaling approximately 430,000 square feet. Completed the acquisition, for a purchase price of $6.5 million, of an approximately 7.6 acre parcel of land in Allentown, Pennsylvania which can support the construction of an approximately 91
INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced that it will release its financial results for the three months ended September 30, 2022, after the market closes on Monday, November 7, 2022. The Company will hold a conference call on Tuesday, November 8, 2022, at 10:00 am Eastern Time to discuss its results and provide a business update, followed by a live question and answer session. The Company's press release and supplemental materials containing additional financial and operating information will be available on INDUS' website under the Investors section in advance of the call. INDUS encourages participants to pre-reg
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
INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced that at a special meeting of stockholders held on May 17, 2023, stockholders voted to approve the previously announced proposed merger, whereby affiliates of Centerbridge Partners, L.P. and GIC will acquire all outstanding shares of INDUS' common stock (the "Merger"). At the special meeting, a total of 8,817,234 shares of common stock of the Company ("Company Common Stock"), representing approximately 86.47% of the outstanding shares of Company Common Stock entitled to vote, were present in person or represented by proxy. Holders of 8,809,681 shares, or 99.91% of the votes
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 the Company achieved Gold recognition as a 2023 Green Lease Leader and received the "Great Employers in Connecticut" award from the Best Companies Group. On April 12, 2023, the Institute for Market Transformation (IMT) and the U.S. Department of Energy's (DOE) Better Buildings Alliance announced INDUS as a 2023 Green Lease Leader during the Better Buildings, Better Plants Summit. Launched in 2014, Green Lease Leaders sets standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energ
INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced that it has filed its preliminary proxy statement with the U.S. Securities and Exchange Commission in connection with the previously announced definitive merger agreement under which 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 agreed to acquire all of the outstanding shares of the Company in an all-cash transaction valued at approximately $868 million. In addition, Centerbridge has informed INDUS that, in connection with signing of the definitiv
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
INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, reported financial results for the quarter and full year ended December 31, 2022: 2022 Fourth Quarter & Recent Highlights Net income of $1.9 million, or $0.19 per diluted share, for the 2022 fourth quarter compared to net income of $19.6 million, or $1.94 per diluted share, for the 2021 fourth quarter Core Funds from Continuing Operations ("Core FFO from continuing operations")1 of $5.3 million, or $0.52 per diluted share, for the 2022 fourth quarter compared to $3.6 million, or $0.35 per diluted share, for the 2021 fourth quarter Net Operating Income from Continuing Operations
INDUS Stockholders to Receive $67.00 Per Share in Cash Transaction Represents 17% Premium to INDUS' Unaffected Stock Price on November 25, 2022 INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, today announced it has entered into a definitive merger agreement under which affiliates of Centerbridge Partners, L.P. ("Centerbridge"), a leading global private investment firm with deep experience in real estate, and GIC Real Estate, Inc. ("GIC"), a global institutional investor, will acquire all of the outstanding shares of the Company in an all-cash transaction valued at approximately $868 million. The transaction was unanimously approve
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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
JMP Securities reiterated coverage of INDUS Realty Trust with a rating of Market Outperform and set a new price target of $85.00 from $80.00 previously
Berenberg initiated coverage of INDUS Realty Trust with a rating of Buy and set a new price target of $77.00
JMP Securities initiated coverage of INDUS Realty Trust with a rating of Market Outperform and set a new price target of $80.00
Citigroup initiated coverage of INDUS Realty Trust with a rating of Neutral and set a new price target of $70.00
BTIG initiated coverage of INDUS Realty Trust with a rating of Buy and set a new price target of $74.00
Baird initiated coverage of INDUS Realty Trust with a rating of Outperform and set a new price target of $67.00
Robert W. Baird initiated coverage of INDUS Realty Trust with a rating of Outperform and set a new price target of $67.00
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 Merger
Tuesday marks the last chance for investors to receive the next dividend payout from INDUS Realty Trust (NASDAQ:INDT). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 18 cents per share. On Wednesday, INDUS Realty Trust will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own INDT as of the end of Tuesday's session are eligible to receive the 18 cent
Citigroup analyst Emmanuel Korchman maintains INDUS Realty Trust (NASDAQ:INDT) with a Neutral and raises the price target from $65 to $67.
INDUS Realty Trust (NASDAQ:INDT) reported quarterly earnings of $0.51 per share. This is a 34.21 percent increase over earnings of $0.38 per share from the same period last year. The company reported $13.57 million in sales this quarter. This is a 17.81 percent increase over sales of $11.52 million the same period last year.
The most overbought stocks in the real estate sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Diversified Healthcare Trust (NASDAQ:DHC) Diversified Healthcare reported better-than-expected Q4 sales results. Jennifer Francis, President and Chief Executive Officer of DHC
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JMP Securities analyst Mitch Germain downgrades INDUS Realty Trust (NASDAQ:INDT) from Market Outperform to Market Perform.