INDT - INDUS Realty Trust reports 100% leased in stabilized properties portfolio

• INDUS Realty Trust ( NASDAQ: INDT ) provided updates on leasing, its acquisition and development pipeline and other corporate matters for Q2.
• As of June 30, stabilized portfolio was 100.0% leased; total in-service portfolio was 99.4% leased.
• The firm repaid four existing mortgages covering ten buildings with $60M in proceeds from the Term Loan resulting in no fixed-rate debt maturities until 2027.
• The company acquired a fully leased, ~205K square foot portfolio of last-mile facilities located in the Orlando and Palm Beach, Florida markets.
• It has completed two leases of first generation space totaling ~102K square feet and two lease renewals totaling ~256K square feet.
• It has developed and placed in service a 67% pre-leased, ~102K square foot building in Lehigh Valley, Pennsylvania.
• The firm has amended and restated the existing $100M credit pact to increase the size to $250M with the addition of a new $150M delayed draw term loan with a term of five years.
• It has repaid four existing mortgages covering ten buildings with $60M in proceeds from the Term Loan resulting in no fixed-rate debt maturities until 2027.

For further details see: