INDT News and Press, INDUS Realty Trust Inc. From 02/22/23

Indus Realty Trust ( NASDAQ: INDT ) entered into a definitive merger agreement wherein affiliates of Centerbridge Partners and GIC Real Estate will acquire all of the outstanding shares of the company in an all-cash transaction valued at ~$868M. Under agreement terms, IN...

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/logistic...

INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) , a U.S. based industrial/logistics REIT, announced that it has completed the previously disclosed acquisitions of land parcels in the Orlando, Florida and Lehigh Valley, Pennsylvania markets. The Com...

Summary Pressured by global recession concerns, Industrial REITs dipped by 30% in 2022 - the sector's worst year on record- snapping a seven-year streak of outperformance over the broader REIT Index. The frenzied investment in logistics space clashed with already-tight supply, fueling a...

Summary U.S. equity markets posted broad-based gains after the closely-watched CPI inflation report showed signs of easing inflationary pressures, strengthening the case for the Fed to slow its pace of rate hikes. Pushing its year-to-date gains to above 4% following a dismal year of per...

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 Exec...

Summary On November 28, INDUS Realty received a non-binding acquisition proposal from Centerbridge and GIC for $65 per share in cash. At $65 per share, the proposal works out to an implied cap rate of 5.6% on expected 2023 NOI. While higher interest rates and minimal near-term lease...

INDUS Realty Trust ( NASDAQ: INDT ) declares $0.18/share quarterly dividend , 12.5% increase from prior dividend of $0.16. Forward yield 1.13% Payable Jan. 17; for shareholders of record Dec. 30; ex-div Dec. 29. See INDT Dividend Scorecard, Yield Chart, & Div...

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% in...

INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) a U.S.-based industrial/logistics REIT, announced that the Company has completed the sale of its office/flex portfolio, including a small storage building used in the operations of the portfolio (the ...