at griffin industrial realty, we develop and manage industrial & commercial facilities that help your business succeed. we are strategic, responsive and quality-driven property owners, developers and managers. we provide tenants with high-performing and flexible facilities, full-service in-house expertise, close, trusting partnerships, and unmatched value. our properties are located in prime strategic locations that offer valuable economic development benefits and numerous regional amenities.
Company profile
Ticker
INDT
Exchange
Website
CEO
Michael Gamzon
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
GRIFFIN INDUSTRIAL REALTY, INC., GRIFFIN LAND & NURSERIES INC
SEC CIK
Corporate docs
Subsidiaries
River Bend Holdings • Riverbend Lehigh Valley Holdings • Riverbend Crossings III Holdings • Riverbend Bethlehem Holdings • Riverbend Allentown Holdings • Riverbend Orlando Holdings • Riverbend Palm Beach Holdings ...
IRS number
60868486
INDT stock data
Latest filings (excl ownership)
D
$125.00 k in investment fund / equity, sold $125.00 k, 125 investors
13 Jul 23
15-12G
Securities registration termination
10 Jul 23
EFFECT
Notice of effectiveness
3 Jul 23
EFFECT
Notice of effectiveness
3 Jul 23
EFFECT
Notice of effectiveness
3 Jul 23
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jun 23
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Jun 23
POS AM
Prospectus update (post-effective amendment)
29 Jun 23
POS AM
Prospectus update (post-effective amendment)
29 Jun 23
POS AM
Prospectus update (post-effective amendment)
29 Jun 23
Transcripts
INDT
Earnings call transcript
2022 Q3
8 Nov 22
INDT
Earnings call transcript
2022 Q2
10 Aug 22
INDT
Earnings call transcript
2022 Q1
14 May 22
INDT
Earnings call transcript
2021 Q4
7 Mar 22
INDT
Earnings call transcript
2021 Q3
5 Nov 21
INDT
Earnings call transcript
2021 Q2
10 Aug 21
INDT
Earnings call transcript
2021 Q1
11 May 21
INDT
Earnings call transcript
2020 Q4
19 Feb 21
INDT
Earnings call transcript
2020 Q3
9 Oct 20
INDT
Earnings call transcript
2020 Q3
9 Oct 20
Latest ownership filings
SC 13D/A
Conversant GP Holdings LLC
7 Jul 23
SC 13D/A
DANZIGER FREDERICK M
6 Jul 23
SC 13D/A
GAMCO INVESTORS, INC. ET AL
3 Jul 23
SC 13D/A
CCP SBS GP, LLC
30 Jun 23
4
Jeffrey Aronson
30 Jun 23
4
Michael Simanovsky
30 Jun 23
4
Jon W. Clark
29 Jun 23
4
Thomas M. Lescalleet
29 Jun 23
4
FREDERICK M DANZIGER
29 Jun 23
4
Thomas M Daniells
29 Jun 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Nov 20 | Nov 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 23.77 mm | 23.77 mm | 23.77 mm | 23.77 mm | 23.77 mm | 23.77 mm |
| Cash burn (monthly) | 9.53 mm | 8.55 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 54.55 mm | 48.93 mm | n/a | n/a | n/a | n/a |
| Cash remaining | -30.77 mm | -25.16 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -3.2 | -2.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 7 |
| Opened positions | 1 |
| Closed positions | 117 |
| Increased positions | 1 |
| Reduced positions | 1 |
| 13F shares | Current |
|---|---|
| Total value | 1.88 bn |
| Total shares | 11.32 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| CCP SBS GP | 10.20 mm | $0.00 |
| CM Change Industrial | 837.92 k | $55.22 mm |
| Gabelli Equity Series Funds | 255.70 k | $15.98 mm |
| Carmignac Gestion | 16.12 k | $1.08 bn |
| Nomura Asset Management | 5.49 k | $367.78 mm |
| Ubs Global Asset Management Americas | 5.47 k | $362.54 mm |
| Gamco Investors | 12.00 | $0.00 |
| Caldwell Sutter Capital | 0.00 | $0.00 |
| Danziger Frederick M | 0.00 | $0.00 |
| Parallel Advisors | 0.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 29 Jun 23 | Small Albert H JR | Common Stock | Sale back to company | Dispose D | No | No | 0 | 6,737 | 0.00 | 0 |
| 29 Jun 23 | Small Albert H JR | Common Stock Options Common Stock | Sale back to company | Dispose D | No | No | 37.49 | 1,067 | 40.00 k | 0 |
| 29 Jun 23 | Small Albert H JR | Common Stock Options Common Stock | Sale back to company | Dispose D | No | No | 36.19 | 1,104 | 39.95 k | 0 |
| 29 Jun 23 | Small Albert H JR | Common Stock Options Common Stock | Sale back to company | Dispose D | No | No | 37.65 | 1,061 | 39.95 k | 0 |
| 29 Jun 23 | Small Albert H JR | Common Stock Options Common Stock | Sale back to company | Dispose D | No | No | 29.78 | 1,343 | 39.99 k | 0 |
| 29 Jun 23 | Small Albert H JR | Common Stock Options Common Stock | Sale back to company | Dispose D | No | No | 25.6 | 1,562 | 39.99 k | 0 |
| 29 Jun 23 | Small Albert H JR | Common Stock Options Common Stock | Sale back to company | Dispose D | No | No | 30.71 | 1,302 | 39.98 k | 0 |
| 29 Jun 23 | Small Albert H JR | Common Stock Options Common Stock | Sale back to company | Dispose D | No | No | 27.52 | 1,453 | 39.99 k | 0 |
| 29 Jun 23 | Small Albert H JR | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 1,483 | 0.00 | 0 |
| 29 Jun 23 | May Jonathan P | Common Stock | Sale back to company | Dispose D | No | No | 0 | 1,381 | 0.00 | 0 |