INDUS Increases 2021 Fourth Quarter Dividend to $0.16 Per Share, a 6.7% Increase Over Prior Quarter
December 15 2021 - 4:45PM
Business Wire
INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the
“Company”), a U.S.-based industrial/logistics REIT, announced
today that its Board of Directors has declared a cash dividend of
$0.16 per share of common stock for the fourth quarter of 2021, a
6.7% increase over the cash dividend per share in the third quarter
of 2021. The dividend will be payable on January 14, 2022, to
stockholders of record on December 30, 2021.
About INDUS
INDUS is a real estate business principally engaged in
developing, acquiring, managing and leasing industrial/logistics
properties. INDUS owns 35 industrial/logistics buildings
aggregating approximately 5.2 million square feet in Connecticut,
Pennsylvania, North Carolina, South Carolina and Florida in
addition to several office/flex properties and undeveloped
land.
Forward-Looking Statements:
This Press Release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements include INDUS’s beliefs
and expectations regarding future events or conditions including,
without limitation, statements regarding expected dividend
payments. Although INDUS believes that its plans, intentions and
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such plans, intentions or
expectations will be achieved. The projected information disclosed
herein is based on assumptions and estimates that, while considered
reasonable by INDUS as of the date hereof, are inherently subject
to significant business, economic, competitive and regulatory
uncertainties and contingencies, many of which are beyond the
control of INDUS and which could cause actual results and events to
differ materially from those expressed or implied in the
forward-looking statements. Other important factors that could
affect the outcome of the events set forth in these statements are
described in INDUS’s Securities and Exchange Commission filings,
including the “Business,” “Risk Factors” and “Forward-Looking
Statements” sections in INDUS’s Annual Report on Form 10-K for the
fiscal year ended November 30, 2020, filed with the SEC on February
18, 2021, and Quarterly Report on Form 10-Q for the fiscal quarter
ended September 30, 2021, filed with the SEC on November 4, 2021.
INDUS disclaims any obligation to update any forward-looking
statements as a result of developments occurring after the date of
this press release except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211215005033/en/
Anthony Galici Executive Vice President, Chief
Financial Officer (860) 286-1307
agalici@indusrt.com
Ashley Pizzo Vice President, Capital Markets &
Investor Relations (212) 218-7914
apizzo@indusrt.com
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