Indus Realty Trust hikes dividend by 6.7%

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INDUS Realty Trust, Inc. (INDT), 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. A new annual dividend rate of $0.64 per share yields 

INDUS is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/logistics properties. The Trust is an acquiror, developer and asset manager of industrial/logistics real estate in the United States. It also owns a limited number of office/flex properties. The Trust owns buildings including industrial/logistics buildings in Connecticut, Pennsylvania, North Carolina and Florida. In addition, it also has undeveloped land. INDUS owns 35 industrial/logistics buildings aggregating approximately 5.2 million square feet in addition to several office/flex properties and undeveloped land.

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