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INDUS Realty Trust Management

Management criteria checks 4/4

INDUS Realty Trust's CEO is Mike Gamzon, appointed in May 2012, he has a tenure of 11.17 years. His total yearly compensation is $1.39M , comprised of 34.2% salary and 65.8% bonuses, including company stock and options. He directly owns 0.21% of the company’s shares, worth $1.44M. The average tenure of the management team and the board of directors is 2.6 years and 7.2 years respectively.

Key information

Mike Gamzon

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	34.2%
CEO tenure	11.2yrs
CEO ownership	0.2%
Management average tenure	2.6yrs
Board average tenure	7.2yrs

Recent management updates

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

Jun 10

Recent updates

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

Mar 10

Indus Realty Trust (INDT) Presents At NAREITweek 2021 Investor Virtual Conference - Slideshow

Jun 18

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

Jun 10

INDUS Realty Trust buys industrial/logistics building in Charlotte for $42.0 million

Jun 04

INDUS Realty stock climbs after BTIG rates Buy on its focus on growth regions

Apr 26

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

Feb 14

INDUS Realty Trust declares $1.99 dividend

Jan 13

CEO Compensation Analysis

How has Mike Gamzon's remuneration changed compared to INDUS Realty Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2023	n/a	n/a	-US$3m
Dec 31 2022	US$1m	US$475k	US$3m
Sep 30 2022	n/a	n/a	US$23m
Jun 30 2022	n/a	n/a	US$19m
Mar 31 2022	n/a	n/a	US$15m
Dec 31 2021	US$1m	US$475k	US$14m
Sep 30 2021	n/a	n/a	-US$14m
Jun 30 2021	n/a	n/a	-US$11m
Mar 31 2021	n/a	n/a	-US$11m
Dec 31 2020	n/a	n/a	-US$10m
Nov 30 2020	US$786k	US$545k	-US$13m
Aug 31 2020	n/a	n/a	-US$4m
May 31 2020	n/a	n/a	-US$3m
Feb 29 2020	n/a	n/a	US$4m
Nov 30 2019	US$688k	US$532k	US$4m
Aug 31 2019	n/a	n/a	US$6m
May 31 2019	n/a	n/a	US$5m
Feb 28 2019	n/a	n/a	-US$516k
Nov 30 2018	US$653k	US$519k	-US$2m
Aug 31 2018	n/a	n/a	-US$2m
May 31 2018	n/a	n/a	-US$553k
Feb 28 2018	n/a	n/a	US$4m
Nov 30 2017	US$699k	US$509k	US$5m
Aug 31 2017	n/a	n/a	US$6m
May 31 2017	n/a	n/a	US$5m
Feb 28 2017	n/a	n/a	-US$28k
Nov 30 2016	US$1m	US$486k	US$576k

Compensation vs Market: Mike's total compensation ($USD1.39M) is below average for companies of similar size in the US market ($USD3.56M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Gamzon (53 yo)

11.2yrs

Tenure

US$1,391,006

Compensation

Mr. Michael S. Gamzon, also known as Mike, has been the Chief Executive Officer and President of INDUS Realty Trust, Inc. since January 1, 2016 and May 17, 2012 respectively and served as its Chief Operati...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Gamzon	CEO, President & Director	11.2yrs	US$1.39m	0.21% $ 1.4m
Jon Clark	Executive VP & CFO	1.5yrs	US$647.88k	0.0098% $ 67.0k
Thomas Lescalleet	Executive Vice President of INDUS Realty	2.7yrs	US$669.26k	0.0063% $ 43.2k
Kelly Poudrette	VP & Chief Accounting Officer	less than a year	no data	no data
Ashley Pizzo	Vice President of Capital Markets & Investor Relations	3yrs	no data	no data
Thomas Daniells	Senior VP	2.3yrs	no data	0% $ 0
Scott Bosco	Senior Vice President of Construction & Development - INDUS Realty	2.7yrs	US$273.78k	0.0027% $ 18.7k
Andre Ciani	Director of Acquisitions	2.5yrs	no data	no data
Andrew Albeck	Director of Acquisitions	no data	no data	no data
Randy Gudauskas	Controller	no data	no data	no data
Christopher Jimenez	Associate-IR & Capital Markets	no data	no data	no data

2.6yrs

Average Tenure

57yo

Average Age

Experienced Management: INDT's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Gamzon	CEO, President & Director	7.5yrs	US$1.39m	0.21% $ 1.4m
Gordon DuGan	Chairman of the Board	3.3yrs	US$115.00k	0.53% $ 3.6m
Jonathan May	Independent Director	10.8yrs	US$116.25k	0.014% $ 92.5k
Frederick Danziger	Director	26.3yrs	US$90.00k	2.89% $ 19.7m
David Bechtel	Independent Director	7.2yrs	US$113.75k	0.011% $ 74.9k
Albert Small	Independent Director	14.5yrs	US$103.75k	0.066% $ 451.3k
Amy Silverman	Independent Director	4.2yrs	US$102.50k	0.0066% $ 45.4k
Molly North	Independent Director	3.3yrs	US$116.25k	0% $ 0
Michael Simanovsky	Independent Director	1.5yrs	no data	no data

7.2yrs

Average Tenure

56yo

Average Age

Experienced Board: INDT's board of directors are considered experienced (7.2 years average tenure).

This company has been acquired

INDUS Realty Trust Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

Executive VP & CFO recently bought US$56k worth of stock

Executive VP & CFO exercised options to buy US$643k worth of stock.

Insider exercised options and sold US$158k worth of stock

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

Recent updates

Abu Dhabi Investment Authority, GIC Real Estate, Inc. and Centerbridge Partners, L.P. on behalf of one or more funds or other entities managed by its affiliates completed the acquisition of remaining 85.2% stake in in INDUS Realty Trust, Inc. (NasdaqGM:INDT) from a group of shareholders.

INDUS Realty Trust, Inc.(NasdaqGM:INDT) dropped from S&P TMI Index

INDUS Realty Trust, Inc. Announces Quarterly Cash Dividend, Payable on June 28, 2023

First quarter 2023 earnings released: US$0.072 FFO loss per share (vs US$0.52 profit in 1Q 2022)

Insufficient new directors

Full year 2022 earnings released: EPS: US$0.27 (vs US$1.79 in FY 2021)

Upcoming dividend of US$0.18 per share

INDUS Announces Quarterly Cash Dividend Payable on January 17, 2023

An unknown buyer acquired Office/Flex Portfolio of INDUS Realty Trust from INDUS Realty Trust, Inc. (NasdaqGM:INDT) for $11 million.

GIC Real Estate, Inc. and Centerbridge Partners, L.P. on behalf of one or more funds or other entities managed by its affiliates made a non-binding proposal to acquire remaining stake in INDUS Realty Trust, Inc. (NasdaqGM:INDT) for $580 million.

Third quarter 2022 earnings released: EPS: US$0.081 (vs US$0.46 loss in 3Q 2021)

INDUS Realty Trust, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022

Now 20% undervalued after recent price drop

Price target decreased to US$68.20

INDUS Realty Trust, Inc. to Report Q3, 2022 Results on Nov 07, 2022

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

Upcoming dividend of US$0.16 per share

INDUS Realty Trust, Inc. Declares Cash Dividend for the Third Quarter of 2022, Payable on October 14, 2022

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

Indus Realty Trust, Inc. Provides Earning Guidance for the Third Quarter and Full Year of 2022

INDUS Realty Trust, Inc. to Report Q2, 2022 Results on Aug 08, 2022

INDUS Realty Trust reports 100% leased in stabilized properties portfolio

INDUS Realty Trust, Inc.(NasdaqGM:INDT) dropped from Russell 2000 Growth Index

Upcoming dividend of US$0.16 per share

Consensus forecasts updated

Executive VP & CFO recently bought US$56k worth of stock

INDUS Announces Quarterly Cash Dividend, Payable on July 15, 2022

INDUS Realty Trust, Inc. (NasdaqGM:INDT) acquired 205,000 Square Foot Portfolio in Orlando and Palm Beach for $31.6 million.

INDUS Realty Trust, Inc. Provides Earning Guidance for the Second Quarter and Full Year of 2022

First quarter 2022 earnings: EPS exceeds analyst expectations

INDUS Realty Trust, Inc. to Report Q1, 2022 Results on May 10, 2022

Upcoming dividend of US$0.16 per share

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

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

INDUS Realty Trust, Inc. to Report Q4, 2021 Results on Mar 07, 2022

Price target increased to US$86.17

Upcoming dividend of US$0.16 per share

Price target increased to US$82.50

Consensus forecasts updated

INDUS Realty Trust, Inc. (NasdaqGM:INDT) agreed to acquire Industrial/Logistics Building in Charlotte.

Executive VP & CFO exercised options to buy US$643k worth of stock.

Insider exercised options and sold US$158k worth of stock

INDUS Realty Trust, Inc. (NasdaqGM:INDT) agreed to acquire Industrial/Logistics Building In Charlotte for $14.6 million.

INDUS Realty Trust, Inc. (Nasdaq: INDT) agreed to acquire Two-Building Industrial/Logistics Portfolio in Nashville, Tennessee for $31.5 million.

Indus Realty Trust (INDT) Presents At NAREITweek 2021 Investor Virtual Conference - Slideshow

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

Upcoming dividend of US$0.15 per share

INDUS Realty Trust, Inc. (NasdaqGM:INDT) entered into an agreement to acquire 395,000 Square Foot Industrial/Logistics Building in Charlotte for $42 million.

INDUS Realty Trust buys industrial/logistics building in Charlotte for $42.0 million

INDUS Realty Trust, Inc. (NasdaqGM:INDT) completed the acquisition of 127,500 Square Foot Industrial/Logistics Building in Lehigh Valley.

An unknown buyer entered into an agreement to acquire 1985 Blue Hills Avenue from INDUS Realty Trust, Inc. (NasdaqGM:INDT) for $18 million.

INDUS Realty Trust, Inc. Declares Dividend on Common Stock, Payable on June 30, 2021

INDUS Realty stock climbs after BTIG rates Buy on its focus on growth regions

INDUS Realty Trust, Inc. has completed a Follow-on Equity Offering in the amount of $105 million.

New 90-day low: US$60.68

Full year 2020 earnings released: US$2.42 loss per share (vs US$0.72 profit in FY 2019)

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

INDUS Realty Trust, Inc. to Report Q4, 2020 Results on Feb 18, 2021

INDUS Realty Trust declares $1.99 dividend

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age