INDUS Realty Trust, Inc. (INDT) Launches 2M Share Public Offering

INDUS Realty Trust, Inc. (Nasdaq: INDT), a U.S. based industrial/logistics REIT, today announced that it has commenced an offering of 2,000,000 shares of common stock. The Company also plans to grant the underwriters a 30-day option to purchase up to 300,000 additional shares of common stock. INDUS intends to use the net proceeds from the offering to finance its acquisition and development pipeline and for other corporate purposes.

Morgan Stanley and Citigroup are acting as co-lead joint book-running managers for the proposed offering. J.P. Morgan and Baird are acting as bookrunners and BTIG, BMO Capital Markets and JMP Securities are acting as co-managers for the proposed offering.

The proposed offering is being made pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”). A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website. The offering will be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by contacting Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Citigroup, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; by telephone at 800-831-9146; by email at [email protected]; or by visiting the EDGAR database on the SEC’s web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

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