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

Sep. 09, 2022 5:53 PM ETINDUS Realty Trust, Inc. (INDT)LXP, PLD, PLYM, REXR, STAG1 Comment

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.
  • Looking for a helping hand in the market? Members of High Yield Landlord get exclusive ideas and guidance to navigate any climate. Learn More »
Warehouse distribution

Marcus Lindstrom

Thesis: Solid Company That's Overpriced

INDUS Realty Trust (NASDAQ: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

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This article was written by

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Become a “Passive Landlord” with our 8% Yielding Real Estate Portfolio.

My adult life can be broken out into three distinct phases. In my early 20s, I earned a bachelor's degree in Cinema & Media Arts (emphasis in screenwriting), but I hated working in Hollywood. Too much schmoozing and far too much traffic. So, after leaving California, I earned a Master of Fine Arts in Creative Writing from Western State Colorado University. I loved writing fiction, but it didn't pay the bills.

In my mid-20s, I became a real estate agent and gained some very valuable experience in residential and commercial real estate. But my passion for writing never went away.

Now, in my early 30s, I write for Jussi Askola's excellent marketplace service, High Yield Landlord, as well as its sister service, High Yield Investor. I also perform freelance research for a family office that owns and manages over 40 net lease commercial properties in Texas and Arkansas. Writing about finance and investing scratches that creative itch while paying the bills - the best of both worlds.

I'm a Millennial with a long-term horizon and am fascinated with the magic of compound interest and dividend growth investing. I also have an interest in macroeconomic trends, though I am but an amateur in that field.

Disclosure: I/we have a beneficial long position in the shares of STAG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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