SMU-UN.TO - Summit Industrial Income REIT

Toronto - Toronto Delayed Price. Currency in CAD
12.84
-0.13 (-1.00%)
As of 12:38PM EST. Market open.
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Previous Close12.97
Open12.99
Bid12.83 x 0
Ask12.83 x 0
Day's Range12.82 - 13.03
52 Week Range9.11 - 13.49
Volume187,965
Avg. Volume379,906
Market Cap1.757B
Beta (3Y Monthly)0.36
PE Ratio (TTM)9.50
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.54 (4.25%)
Ex-Dividend Date2019-11-28
1y Target EstN/A
All
News
Press Releases
  • CNW Group

    Summit Industrial Income REIT Announces November 2019 Cash Distribution

    TORONTO , Nov. 15, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today a $0.045 per Unit cash distribution to be paid on December 13, 2019 to Unitholders of record on November 30, 2019 . Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit. Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada .

  • CNW Group

    Summit Industrial Income REIT Announces Strong Performance Through First Nine Months of 2019

    Summit Industrial Income REIT Announces Strong Performance Through First Nine Months of 2019

  • CNW Group

    Summit Industrial Income REIT Announces Closing of Acquisition of 37 Property Portfolio for $588 Million and Conversion of Subscription Receipts

    TORONTO , Nov. 1, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) is pleased to announce the closing of its previously announced acquisition of an institutional quality portfolio of 37 light industrial properties in Alberta totaling over 3.3 million square feet of quality space (the "Acquisitions") for an aggregate purchase price of approximately $588 million . Of the total, 22 of the properties (1.8 million square feet) are in Edmonton , 14 properties (1.4 million square feet) are in Calgary , and one property is in Grand Prairie. The purchase price was partially satisfied from the proceeds of the sale of 17,836,500  subscription receipts of the REIT (the "Subscription Receipts") at a price of $12.90 per Subscription Receipt for gross proceeds of approximately $230 million , which closed on October 17, 2019 .

  • CNW Group

    Summit Industrial Income REIT Expands Presence in Strong Greater Toronto Area

    TORONTO , Oct. 31, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today that it had waived conditions and will acquire 100% of a Class A light industrial property totaling 128,235 square feet located in Vaughan, Ontario in the Greater Toronto Area . The property is occupied by a single light industrial tenant in the last four years of a 10-year lease. "We continue to expand our presence in the strong Greater Toronto Area , our main target market, through accretive property purchases and our value enhancing development programs," commented Paul Dykeman , Chief Executive Officer.

  • CNW Group

    Summit Industrial Income REIT Announces Completion of $230 Million Equity Offering

    TORONTO , Oct. 17, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today that it has completed its previously announced public offering (the "Offering") of 17,836,500 subscription receipts (the "Subscription Receipts") at a price of $12.90 per subscription receipt for total gross proceeds of approximately $230 million , which includes proceeds from the full exercise of an over-allotment option to purchase an additional 2,326,500 subscription receipts. The Offering was completed on a bought deal basis by a syndicate of underwriters led by BMO Capital Markets. The Subscription Receipts will commence trading on the Toronto Stock Exchange today under the ticker symbol SMU.R.

  • CNW Group

    Summit Industrial Income REIT Announces October 2019 Cash Distribution

    TORONTO , Oct. 15, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today a $0.045 per Unit cash distribution to be paid on November 15, 2019 to Unitholders of record on October 31, 2019 . Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit. Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada .

  • CNW Group

    IIROC Trade Resumption - SMU.UN

    IIROC Trade Resumption - SMU.UN

  • GlobeNewswire

    Summit Industrial Income REIT Announces Acquisition of Alberta Light Industrial Portfolio for $588 Million and C$200 Million Offering of Subscription Receipts

    Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today that it has entered into a binding Purchase and Sale Agreement to acquire 100% of an institutional quality portfolio of 37 light industrial properties in Alberta totaling over 3.3 million square feet of quality space (the "Acquisitions"). Of the total, 22 of the properties (1.8 million square feet) are in Edmonton, 14 properties (1.4 million square feet) are in Calgary, and one property is in Grand Prairie.

  • CNW Group

    IIROC Trading Halt - SMU.UN

    IIROC Trading Halt - SMU.UN

  • CNW Group

    Summit Industrial Income REIT Announces Timing of Third 2019 Results & Conference Call

    Summit Industrial Income REIT Announces Timing of Third 2019 Results & Conference Call

  • CNW Group

    Summit Industrial Income REIT Included in TSX30 - One of the Top Thirty Performing Issuers Over Last Three Years

    TORONTO , Sept. 26, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) was pleased to announce today that it has been included in the recently announced TSX30, a new flagship program ranking the thirty top-performing issuers on the Toronto Stock Exchange over the three year period from June 2016 to July 2019 based on dividend-adjusted price appreciation. Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada . Summit's units are listed on the TSX and trade under the symbol SMU.UN.

  • CNW Group

    Summit Industrial Income REIT to Acquire Two Properties and Interest in Development Land

    TORONTO , Sept. 16, 2019 /CNW/ - Summit  Industrial  Income  REIT  ("Summit"  or  the  "REIT")  (SMU-UN.TO) announced today that it has waived conditions and will acquire 100% of a brand new single tenant light industrial property and 100% of a second recently constructed multi-tenant light industrial property totaling 431,930 square feet in a newly-created industrial park with frontage on The Hanlon Expressway near Highway 401 in Guelph, Ontario . Summit will pay $57.0 million in cash for the two properties, funded by its recently completed bought-deal equity offering, generating a going-in capitalization rate of approximately 5.4%. Both properties are 100% occupied. Closing is anticipated on or before the end of September 2019 . Summit is also acquiring a 50% interest in 49 acres of development land in the same industrial park for $13.8 million and entering into a 50/50 joint venture partnership with Cooper Construction Limited, a well- respected real estate development and construction company, to fully develop the property adding an estimated 774,000 square feet of Class A light industrial space over the next few years.

  • CNW Group

    Summit Industrial Income REIT Announces September 2019 Cash Distribution

    TORONTO , Sept. 13, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today a $0.045 per Unit cash distribution to be paid on October 15, 2019 to Unitholders of record on September 30, 2019 . Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit. Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada .

  • CNW Group

    IIROC Trading Halt - SMU.UN (all issues)

    IIROC Trading Halt - SMU.UN (all issues)

  • CNW Group

    Summit Industrial Income REIT Sells Interests in Data Centre Projects

    TORONTO , Sept. 11, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today that it has sold its interests in its data centres in the Greater Toronto Area and downtown Montreal, Quebec for approximately $178 million . The transactions will generate a significant realized gain of approximately $42.0 million or $0.35 per Unit, as well as the repayment of related working capital loans and mezzanine loans of approximately $62.0 million . Pursuant to its policy of declaring a Special Distribution of up to 20% of any realized gain on the sale of an interest in a property, Summit's Board of Trustees is pleased to announce a Special Distribution of $0.07 per Unit to be paid on October 2, 2019 to Unitholders of record on September 19, 2019 .

  • CNW Group

    Summit Industrial Income REIT Expands Presence in Calgary Airport Logistics Park

    TORONTO , Sept. 9, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today that it has waived conditions and will acquire 100% of a brand new Class A light industrial property totaling 121,456 square feet located in the YYC Logistics Centre, an industrial park under development adjacent to the Calgary International Airport on land leased from the Calgary Airport Authority. The developer of the property has a comprehensive development agreement with the Calgary Airport Authority involving a further 38.2 acres of airport land capable of supporting an additional 465,000 square feet of Class A industrial inventory.

  • CNW Group

    Summit Industrial Income REIT Announces August 2019 Cash Distribution

    TORONTO , Aug. 15, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today a $0.045 per Unit cash distribution to be paid on September 13, 2019 to Unitholders of record on August 31, 2019 . Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit. Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada .

  • CNW Group

    Summit Industrial Income REIT Announces Strong Performance in Second Quarter 2019

    Summit Industrial Income REIT Announces Strong Performance in Second Quarter 2019

  • CNW Group

    Summit Industrial Income REIT Announces July 2019 Cash Distribution

    TORONTO , July 15, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today a $0.045 per Unit cash distribution to be paid on August 15, 2019 to Unitholders of record on July 31, 2019 . Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit. Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada .

  • CNW Group

    Summit Industrial Income REIT Announces Timing of Second Quarter 2019 Results & Conference Call

    Summit Industrial Income REIT Announces Timing of Second Quarter 2019 Results & Conference Call

  • CNW Group

    Summit Industrial Income REIT Announces June 2019 Cash Distribution

    TORONTO , June 14, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today a $0.045 per Unit cash distribution to be paid on July 15, 2019 to Unitholders of record on June 30, 2019 . Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit. Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada .

  • CNW Group

    Summit Industrial Income REIT Announces Completion of $149.5 Million Equity Offering

    TORONTO , June 12, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (SMU-UN.TO) announced today that it has completed its previously announced public offering (the "Offering") of 11,960,000 units at a price of $12.50 per unit for total gross proceeds of approximately $149 .5 million, which includes proceeds from the full exercise of an over‑allotment option to purchase an additional 1,560,000 units. The Offering was completed on a bought deal basis by a syndicate of underwriters led by BMO Capital Markets. The REIT intends to use the net proceeds from the Offering to repay existing indebtedness, to fund future acquisitions and for general trust purposes.