Loading...
INDT logo

INDUS Realty Trust, Inc.NasdaqGM:INDT Rapporto sulle azioni

Cap. di mercato US$683.2m
Prezzo delle azioni
n/a
Il mio valore equo
Non disponibile
1Y11.2%
7D0.04%
1D
Valore del portafoglio
​
Vista

INDUS Realty Trust, Inc.

Report azionario NasdaqGM:INDT

Capitalizzazione di mercato: US$683.2m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

INDUS Realty Trust (INDT) Panoramica del titolo

INDUS is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/logistics properties. Maggiori dettagli

INDT analisi fondamentale
Punteggio fiocco di neve
Valutazione2/6
Crescita futura3/6
Prestazioni passate0/6
Salute finanziaria3/6
Dividendi3/6

Premi

Negoziato a 23.4% al di sotto della nostra stima del suo valore equo

Si prevede che gli utili cresceranno del 93.47% all'anno

Analisi del rischio

Non sono stati rilevati rischi per INDT dai nostri controlli di rischio.

INDT Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Concorrenti di INDUS Realty Trust, Inc.

Storia dei prezzi e prestazioni

Riepilogo dei massimi, dei minimi e delle variazioni dei prezzi delle azioni per INDUS Realty Trust
Prezzi storici delle azioni
Prezzo attuale dell'azioneUS$66.99
Massimo di 52 settimaneUS$67.28
Minimo di 52 settimaneUS$48.33
Beta0.83
Variazione di 1 mese0.25%
Variazione a 3 mesi1.06%
Variazione di 1 anno11.22%
Variazione a 3 anni24.47%
Variazione a 5 anni50.88%
Variazione dall'IPO346.60%

Notizie e aggiornamenti recenti

Recent updates

Seeking Alpha • Oct 11

INDUS Realty Trust executes leases totaling ~418K sq. ft. in Q3

Industrial/logistics REIT INDUS Realty Trust (NASDAQ:INDT) said it executed five leases totaling ~418K sq. ft. across the company's portfolio in Q3. The five leases are a 217K sq. ft. full building lease in Charlotte, North Carolina; a 143K sq. ft. of renewals across two leases in Hartford, Connecticut; a 34.5K sq. ft. first generation lease in the Lehigh Valley, Pennsylvania; and a 24K sq. ft. first generation in Orlando, Florida. Two development projects were completed in Hartford, Connecticut, and Orlando, Florida, totaling ~430K sq. ft. Additionally, the real estate investment trust acquired an ~7.6 acre parcel of land in Allentown, Pennsylvania, for $6.5M. The company said a 100% of its stabilized portfolio and a 97.6% of its in-service portfolio was leased as of Sep. 30. INDT repaid a $26.3M construction loan with cash on hand. An ~63K sq. ft. lease was signed at the two-building forward acquisition in Nashville, Tennessee. This lease brings the to-be-acquired Nashville portfolio to 77.2% pre-leased. The company's 42 buildings aggregated ~6.1M sq. ft. as of Sep. 30. Source: Press Release
Seeking Alpha • Sep 09

INDUS Realty Trust: Solid Portfolio And Balance Sheet But Way Overvalued

Summary INDT is an East Coast industrial REIT with an in-house development arm. The portfolio is growing rapidly this year, and both internal and external growth are surging. Management might be overpaid. The stock is very richly valued even after a 25% drop year-to-date. Thesis: Solid Company That's Overpriced INDUS Realty Trust (INDT) is a small-cap (~$610 million market cap) real estate investment trust that owns, operates, and develops a portfolio of industrial and logistics properties. Recently, the REIT's portfolio has experienced a high degree of turnover. Over 10% of INDT's portfolio was added just since the beginning of 2022. There are still a few flex/office properties and parcels of land yet to be disposed, which will result in further turnover. After adding 520,000 square feet of space to the portfolio in the first half of 2022, management says they plan to add another 875,000 square feet in the second half of the year. Though the company itself is firing on all cylinders, the issue with INDT relates to valuation. The stock price roughly doubled in the 2.5 years from mid-2019 to the end of 2021 and has since pulled back by some 25%. INDT data by YCharts Even so, INDT still strikes me as overvalued. My conservative estimate of AFFO per share for 2022 is $1.55, which would put INDT's price to AFFO at about 39.3x as of this writing. Meanwhile, the analysts give a consensus estimate of $1.76 per share in FFO, which puts INDT at a price to FFO of 34.1x. That is far higher than industrial REIT leader Prologis (PLD) with its 25x FFO multiple, despite only slightly lower growth rates from the larger peer. In fact, it is on par with Rexford Industrial Realty (REXR) with its 34.3x FFO multiple, despite REXR enjoying far higher growth rates than INDT (due largely to its trophy locations in Southern California). INDT is trading at an AFFO yield of 2.6% and an FFO yield of 2.9%, which is a significant premium to its average property cap rate of around 4%. Though INDT is a solid company with attractive properties that are underleveraged, the stock is still too expensive. But let's get into the details of the REIT, and perhaps your opinion will differ from mine. Overview of INDUS Realty Though I normally start with a look at a REIT's property portfolio before turning to performance, this time I want to highlight INDT's recent per-share performance - namely, INDT's AFFO per share growth of 12.5% year-over-year in the first half of 2022 and 14.7% in Q2 2022. That is strong growth in profits! It underscores what a strong property type industrial assets have been in recent years. INDT's portfolio consists of 39 buildings averaging 145,000 square feet each. For context, that's a little smaller than the average Walmart supercenter footprint of about 180,000 square feet. INDT Q2 Presentation The portfolio is almost 100% leased, reflecting not just particular strength in INDT's portfolio, but also the low single-digit vacancy rate of industrial properties in most of INDT's markets. The portfolio spans the East Coast, with most properties concentrated in Connecticut and Eastern Pennsylvania. But INDT also has a growing presence in Central Florida and the Carolinas. Like other industrial REITs, INDT's portfolio has plenty of exposure to e-commerce, with Amazon (AMZN) as its largest tenant by revenue and third-party logistics as its largest tenant industry by leased square footage. INDT Q2 Presentation About one-third of tenants by revenue are investment grade rated. But in industrial, building specifications and location matter more than the credit of the tenant, because demand is incredibly high for these mission-critical assets. This demand can be measured by same-property net operating income growth. For INDT, SPNOI rose about 11% in Q2 and ~8.5% for the first half of 2022. INDT Q2 Presentation Though INDT has rent escalations built into its leases that ensure organic rent growth, the primary source of same-property NOI growth has been rent growth on new and renewed leases, which averaged around 30% in Q2. As long as this strong lease-over-lease rent growth continues, INDT's relatively short weighted average remaining lease term of 4.8 years will continue to be a major strength, as leases rolling over should continue to produce big jumps in rental revenue and NOI. Another feature of INDT is that acquisitions are not the only method of inorganic growth available to it. The REIT also develops properties in-house from its fairly sizable land bank. INDT Q2 Presentation While most of these developments are on spec (constructed without a tenant in place yet), demand for space in its chosen markets is so high that there is little doubt the space will be leased. Moreover, the ability to develop is a major advantage at a time when cap rates for stabilized properties is around 4%. This year, INDT has purchased existing properties at cap rates of about 4% to 4.5%, while it has the ability to develop new properties from the ground up at projected cap rates of 6.1% to 6.6%. That two-point spread is tantamount to millions of dollars of value creation. Taking into account ongoing development projects and the pipeline of likely acquisitions, INDT's geographic diversification should expand in the coming quarters. INDT Q2 Presentation In some ways, INDT might be considered the East Coast version of REXR (although far smaller), which is concentrated on the West Coast and specifically Southern California. Balance Sheet Like the portfolio, INDT's balance sheet exudes quality and strength. The REIT is too small to have a credit rating, but the balance sheet certainly exhibits investment grade characteristics. Though debt to Q2 2022's annualized EBITDA looks rather high at 7.6x, that is a function of portfolio turnover resulting in a large cash position that has not yet been reinvested. Cash currently sits at 12.5% of INDT's market cap. Net debt to Q2's annualized EBITDA is much lower at 4.1x. INDT Q2 Presentation Long-term debt to gross real estate assets (at cost) sits at 23%, while debt to enterprise value is a touch lower at 22%. Aside from a short-term construction loan maturing in 2023, INDT has no debt maturities until 2027. And that construction loan, upon stabilization of the property in question with a lease, should easily be replaced with a mortgage or equity issuance. High G&A Costs The biggest red flag I see with INDT is the company's high general & administrative costs, which investors might consider the management fee. G&A as a percentage of total rental revenue was 23% in 1H 2022, falling slightly to 20% in Q2 2022. Compare that to the G&A to revenue percentages for PLD of about 6.5% and REXR of about 10%. Admittedly, PLD and REXR are much larger than INDT and thus enjoy more economies of scale. But look even at Plymouth Industrial REIT (PLYM), which is only a little larger than INDT in market cap (~$815 million). PLYM's G&A to revenue is about 9%. Likewise, LXP Industrial Trust (LXP), with a market cap a little under $3 billion, has a G&A to revenue of about 10.5%.
Seeking Alpha • Jul 07

INDUS Realty Trust reports 100% leased in stabilized properties portfolio

INDUS Realty Trust (NASDAQ:INDT) provided updates on leasing, its acquisition and development pipeline and other corporate matters for Q2. As of June 30, stabilized portfolio was 100.0% leased; total in-service portfolio was 99.4% leased. The firm repaid four existing mortgages covering ten buildings with $60M in proceeds from the Term Loan resulting in no fixed-rate debt maturities until 2027. The company acquired a fully leased, ~205K square foot portfolio of last-mile facilities located in the Orlando and Palm Beach, Florida markets. It has completed two leases of first generation space totaling ~102K square feet and two lease renewals totaling ~256K square feet. It has developed and placed in service a 67% pre-leased, ~102K square foot building in Lehigh Valley, Pennsylvania. The firm has amended and restated the existing $100M credit pact to increase the size to $250M with the addition of a new $150M delayed draw term loan with a term of five years. It has repaid four existing mortgages covering ten buildings with $60M in proceeds from the Term Loan resulting in no fixed-rate debt maturities until 2027.
Articolo di analisi • Mar 10

INDUS Realty Trust, Inc. Surprised Analysts With A Profit, And Analysts Boosted Their EPS Forecasts

Last week, you might have seen that INDUS Realty Trust, Inc. ( NASDAQ:INDT ) released its annual result to the market...
Articolo di analisi • Jun 10

This Is Why INDUS Realty Trust, Inc.'s (NASDAQ:INDT) CEO Compensation Looks Appropriate

The performance at INDUS Realty Trust, Inc. ( NASDAQ:INDT ) has been rather lacklustre of late and shareholders may be...
Articolo di analisi • Feb 14

Should You Buy INDUS Realty Trust, Inc. (NASDAQ:INDT) For Its 0.8% Dividend?

Is INDUS Realty Trust, Inc. ( NASDAQ:INDT ) a good dividend stock? How can we tell? Dividend paying companies with...

Rendimenti per gli azionisti

INDTUS Industrial REITsUS Mercato
7D0.04%1.4%-0.8%
1Y11.2%27.1%27.1%

Ritorno vs Industria: INDT ha superato il US Industrial REITs che ha restituito 27.1 % nell'ultimo anno.

Rendimento vs Mercato: INDT ha avuto una performance inferiore al mercato US che ha registrato un rendimento 27.1 % nell'ultimo anno.

Volatilità dei prezzi

Is INDT's price volatile compared to industry and market?
INDT volatility
INDT Average Weekly Movement0.2%
Industrial REITs Industry Average Movement3.0%
Market Average Movement7.2%
10% most volatile stocks in US Market16.3%
10% least volatile stocks in US Market3.2%

Prezzo delle azioni stabile: INDT non ha avuto una volatilità dei prezzi significativa negli ultimi 3 mesi rispetto al mercato US.

Volatilità nel tempo: La volatilità settimanale ( 0% ) di INDT è rimasta stabile nell'ultimo anno.

Informazioni sull'azienda

FondatoI dipendentiAMMINISTRATORE DELEGATOSito web
197033Mike Gamzonindusrt.com

INDUS Realty Trust, Inc. Riepilogo dei fondamenti

Come si confrontano gli utili e i ricavi di INDUS Realty Trust con la sua capitalizzazione di mercato?
INDT statistiche fondamentali
Capitalizzazione di mercatoUS$683.16m
Utili (TTM)-US$3.16m
Ricavi(TTM)US$51.45m
13.3x
Rapporto P/S
-216.3x
Rapporto P/E

INDT è sopravvalutato?

Vedi Fair Value e analisi di valutazione

Utili e ricavi

Statistiche chiave sulla redditività dall'ultima relazione sugli utili (TTM)
INDT Conto economico (TTM)
RicaviUS$51.45m
Costo del fatturatoUS$11.56m
Profitto lordoUS$39.89m
Altre speseUS$43.05m
Utili-US$3.16m

Ultimi utili riportati

Mar 31, 2023

Prossima data di guadagno

n/a

Utile per azione (EPS)-0.31
Margine lordo77.53%
Margine di profitto netto-6.14%
Rapporto debito/patrimonio netto43.3%

Come si è comportato INDT nel lungo periodo?

Vedi performance storica e confronto

Dividendi

1.1%
Rendimento attuale del dividendo
35%
Rapporto di remunerazione

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2023/07/01 15:49
Prezzo dell'azione a fine giornata2023/06/28 00:00
Utili2023/03/31
Utili annuali2022/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

INDUS Realty Trust, Inc. è coperta da 9 analisti. 1 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Brian HollendenAegis Capital Corporation
David RodgersBaird
Connor SiverskyBerenberg