INDT - INDUS Realty Trust GAAP EPS of $0.19 revenue of $12.91M beats by $0.1M
2023-03-06 09:24:22 ET
- INDUS Realty Trust press release ( NASDAQ: INDT ): Q4 GAAP EPS of $0.19.
- Revenue of $12.91M (+10.7% Y/Y) beats by $0.1M .
- 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 (“NOI from continuing operations”) 1 of $10.0 million for the 2022 fourth quarter compared to $8.7 million for the 2021 fourth quarter
- As of December 31, 2022, stabilized 2 portfolio was 98.8% leased; total in-service portfolio was 97.2% leased
- Executed six leases totaling 543,000 square feet across both the Company’s portfolio and its acquisitions under contract in the 2022 fourth quarter
- Completed the sale of the Company’s office/flex portfolio for a sales price of $11.0 million
- Announced a quarterly 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
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INDUS Realty Trust GAAP EPS of $0.19, revenue of $12.91M beats by $0.1M