Indus Realty Trust hikes dividend by 12.5%

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On December 29, 2022, INDUS Realty Trust, Inc. (INDT), a U.S.-based industrial/logistics REIT, declared a new 12.5% dividend hike to 18 cents per share quarterly. The dividend yield for INDT is 1.1% at a stock price of $63.58.

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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