Is INDUS Realty Trust (INDT) Still a Great Buy?

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned INDUS Realty Trust, Inc. (NASDAQ: INDT) and discussed its stance on the firm. INDUS Realty Trust, Inc. is a New York, New York-based real estate investment trust company with an $812.5 million market capitalization. INDT delivered a -1.47% return since the beginning of the year, while its 12-month returns are up by 17.65%. The stock closed at $79.87 per share on January 13, 2022.

Here is what Clark Street Value has to say about INDUS Realty Trust, Inc. in its Q4 2021 investor letter:

“INDUS Realty Trust (INDT) will similarly just be in my tuck it away and forget about it pile for now, it is a logistics/warehouse REIT that has recruited much of the old Gramercy Property Trust (GPT) team, with the former CFO, Jon Clark, taking over at year end to round out things out.  The tailwinds are pretty clear, and with a relatively small asset base and experienced team, they can be “sharp shooters” as they describe it, pick and choose smaller deals the likes of Blackstone can’t be bothered with to assemble a portfolio.”

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Our calculations show that INDUS Realty Trust, Inc. (NASDAQ: INDT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. INDT was in 7 hedge fund portfolios at the end of the third quarter of 2021, compared to 8 funds in the previous quarter. INDUS Realty Trust, Inc. (NASDAQ: INDT) delivered a 20.98% return in the past 3 months.

In November 2021, we also shared another hedge fund’s views on INDT in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.