INDT - Mergers and acquisitions

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, 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 Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced the following updates on leasing, its acquisition pipeline, development pipeline and corporate updates for the three months ended June 30, 2022 (the "2022 second quarter")1: Highlights Completed the acquisition of a fully leased, approximately 205,000 square foot portfolio of last-mile facilities located in the Orlando and Palm Beach, Florida markets Completed two leases of first generation space totaling approximately 102,000 square feet and two lease renewals totaling approximately 256,000 square feet Developed and placed in service a 67% pre-leased, approximately 10

INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced today that it has closed on the purchase of a fully leased, approximately 205,000 square foot portfolio (the "Florida Portfolio Acquisition") located in the Orlando and Palm Beach, Florida markets. The Company used cash on hand to pay the $31.6 million purchase price before transaction costs, which equates to an in-place cash capitalization rate of approximately 4.6%. Michael Gamzon, President and Chief Executive Officer of INDUS, commented, "We are excited to expand our overall holdings in Florida and enter the southern Florida market with this acquisition. The portfolio is

INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced the following updates on leasing, its acquisition pipeline, development pipeline and dispositions for the three months ended March 31, 2022 (the "2022 first quarter")1: Highlights Completed the acquisition of an approximately 217,000 square foot building in the Charlotte, North Carolina market for a purchase price of $23.6 million, before transaction costs Entered into an agreement to acquire a to-be-constructed approximately 280,000 square foot building in the Greenville/Spartanburg, South Carolina market Completed three leases totaling approximately 133,000 square fe

INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced today that it has completed the acquisition of an approximately 217,000 square foot industrial/logistics building in the Charlotte, North Carolina market (the "Charlotte Acquisition"). The Company used cash on hand to pay the $23.6 million purchase price, before transaction costs. The Charlotte Acquisition is fully leased on a short-term basis through June 2022 with in-place rents that are below current market rates. The Company expects that the Charlotte Acquisition will be re-leased to stabilize at an approximate 4.7% cash capitalization rate. Michael Gamzon, President an

NEW YORK, Nov. 16, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced today that it has completed the acquisition of a 57%-leased, approximately 197,000 square foot industrial/logistics building in Charleston, South Carolina (the "Charleston Acquisition"), the Company's first property in the Charleston market. The Company used cash on hand to pay the $28.6 million purchase price, before transaction costs, and the Company expects that the Charleston Acquisition will stabilize at an approximately 4.6% cash capitalization rate. Michael Gamzon, President and Chief Executive Officer of INDUS, commented

NEW YORK, Oct. 18, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS"), a U.S. based industrial/logistics REIT, announced today that it has completed the acquisition of a fully leased, approximately 128,000 square foot industrial/logistics building in Charlotte, North Carolina (the "Charlotte Acquisition"). The Charlotte Acquisition is well-located in one of Charlotte's premier submarkets that has significant barriers to entry for new supply. The Company used cash on hand to pay the $14.6 million purchase price, which equates to an in-place cash capitalization rate of approximately 4.6%. Additionally, INDUS announced that it has completed and placed in service its ap

NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced today that it has completed the acquisition of a fully leased, 139,500 square foot industrial/logistics building in Lakeland, Florida (the "Lakeland Acquisition"). The Company used cash on hand to pay the $17.8 million purchase price, which equates to an in-place cash capitalization rate of approximately 4.0%. Michael Gamzon, President and Chief Executive Officer of INDUS, commented, "We are very excited to expand our presence in Central Florida, a market that continues to benefit from strong population and economic growth. We b

NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) -- INDUS Realty Trust, Inc. (NASDAQ:INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced today that it has completed the acquisition of a recently constructed, approximately 50% leased, 395,000 square foot industrial/logistics building in Charlotte, North Carolina (the "Charlotte Acquisition"). The Company used cash on hand to pay the $42.0 million purchase price. The Charlotte Acquisition is located in the Airport submarket of Charlotte and has excellent access to both I-485 and I-85. The Charlotte Acquisition increases the Company's Charlotte industrial/logistics portfolio to approximately 1.0 million square feet, no