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United States

Summit Industrial Income REIT (SMU_u.TO)

SMU_u.TO on Toronto Stock Exchange

8.03CAD
16 Feb 2018
Change (% chg)

$0.02 (+0.25%)
Prev Close
$8.01
Open
$7.94
Day's High
$8.12
Day's Low
$7.93
Volume
114,855
Avg. Vol
179,356
52-wk High
$8.24
52-wk Low
$6.27

Latest Key Developments (Source: Significant Developments)

Summit Industrial Income REIT Enters JV With Urbacon Montreal
Wednesday, 27 Dec 2017 12:37pm EST 

Dec 27 (Reuters) - Summit Industrial Income Reit ::ESTABLISHES JOINT VENTURE PARTNERSHIP WITH EXPERIENCED DATA CENTRE DEVELOPER TO GENERATE SIGNIFICANTLY ACCRETIVE INVESTMENTS.SAYS ENTERED JOINT VENTURE PARTNERSHIP WITH URBACON MONTREAL TO DEVELOP, OWN AND OPERATE DATA CENTRES ACROSS CANADA.‍SAYS EXTENDED A $15.8 MILLION MEZZANINE LOAN TO URBACON​.‍SAYS OVERALL $45 MILLION INITIAL CASH INVESTMENT IN DATA CENTRE PROGRAM PRODUCES GOING IN ACCRETIVE YIELD OF 8%-10%​.SAYS ALSO EXTENDED THREE-YEAR $14.3 MILLION WORKING CAPITAL LOAN TO URBACON.  Full Article

Summit Industrial Income REIT Increases Equity Offering To $90 Million
Tuesday, 5 Dec 2017 09:48am EST 

Dec 5 (Reuters) - Summit Industrial Income Reit ::SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SIGNIFICANT INCREASE IN GTA PORTFOLIO AND INCREASE TO PREVIOUSLY ANNOUNCED EQUITY OFFERING TO $90 MILLION.SUMMIT INDUSTRIAL INCOME REIT - EQUITY OFFERING HAS BEEN INCREASED, ON A BOUGHT DEAL BASIS, TO 12.5 MILLION UNITS AT $7.20 PER UNIT.  Full Article

Summit Industrial Income REIT to acquire four properties well-diversified in target markets
Thursday, 16 Nov 2017 05:49pm EST 

Nov 16 (Reuters) - Summit Industrial Income Reit :Summit Industrial Income REIT to acquire four properties well-diversified in target markets.Summit Industrial Income REIT - total purchase price for properties is about $35.0 million​.Summit Industrial Income REIT - ‍acquisitions will be financed by new $20.7 million five-year debt & balance in cash from REIT's operating credit facility​.  Full Article

Summit Industrial Income REIT to acquire greater Toronto area industrial property
Wednesday, 20 Sep 2017 05:30pm EDT 

Sept 20 (Reuters) - Summit Industrial Income Reit :Summit Industrial Income REIT to acquire greater Toronto area industrial property.Summit Industrial Income REIT - ‍REIT will pay $23.9 million for property​.Summit Industrial Income -‍ Acquisition will be financed initially from co's credit lines.Summit Industrial Income REIT - Placed new $29 million 7 year mortgage bearing an expected interest rate of 3.76% on its recently acquired logistics property ​.Summit Industrial Income REIT - Waived conditions & will acquire a previously-announced 255,000 square foot 22' clear light industrial property well.  Full Article

Summit Industrial Income REIT to buy Montreal logistics property
Wednesday, 16 Aug 2017 05:05pm EDT 

Aug 16 (Reuters) - Summit Industrial Income REIT ::Will acquire previously-announced 511,848 square foot logistics property in Montreal, Quebec.REIT will pay $43.0 million​.Purchase ‍financed by proceeds from REIT's june 2017 equity offering​.  Full Article

Summit Industrial Income REIT qtrly ‍funds from operations per unit $0.150​
Wednesday, 9 Aug 2017 05:10pm EDT 

Aug 9 (Reuters) - Summit Industrial Income Reit :Summit Industrial Income REIT qtrly ‍funds from operations per unit $0.150​.Summit Industrial Income REIT qtrly ‍occupancy 99.7 percent versus 100.0 percent​.Summit Industrial Income REIT qtrly ‍revenue from income properties $13.8 million versus $10.5 million.Summit Industrial Income REIT - ‍on Aug 9, waived conditions & would acquire 116,818 sq foot light industrial property for $15.3 million on/before Aug 15.  Full Article

Summit Industrial Income REIT announces solid growth & strong performance in 2016
Tuesday, 21 Feb 2017 07:25pm EST 

Summit Industrial Income Reit : Summit Industrial Income REIT announces solid growth & strong performance in 2016 . Qtrly ffo per unit $0.157 .Qtrly revenue from income properties $12.8 million versus $9.7 million last year.  Full Article

Summit Industrial Income has waived conditions for additional 260,830 square foot property in greater Toronto area
Thursday, 16 Feb 2017 07:31pm EST 

Summit Industrial Income Reit : Summit Industrial Income - has waived conditions for additional 260,830 square foot property in greater Toronto area for expected purchase price of $28.2 million .The 260,830 square foot property's purchase is expected to be satisfied by a new $17.7 million five-year mortgage.  Full Article

Summit Industrial Income has waived conditions for additional 260,830 square foot property in greater Toronto area
Thursday, 16 Feb 2017 06:09pm EST 

Summit Industrial Income Reit : Summit Industrial Income - has waived conditions for additional 260,830 square foot property in greater Toronto area for expected purchase price of $28.2 million .The 260,830 square foot property's purchase is expected to be satisfied by a new $17.7 million five-year mortgage.  Full Article

Summit Industrial Income Reit announces London, Ontario acquisition for about $16.6 mln
Monday, 29 Aug 2016 05:30pm EDT 

Summit Industrial Income Reit : Summit Industrial Income Reit announces London, Ontario acquisition and accretive financing for Calgary, Alberta property purchase . Deal for $16.6 million . Acquisition will be financed with a new $10.4 million seven-year mortgage bearing an interest rate of 3.04% . Property also includes land available for future potential expansion of approximately 100,000 square feet .Arranged accretive financing for acquisition of light industrial property in Calgary, Alberta.  Full Article

BRIEF-Summit Industrial Income REIT Enters JV With Urbacon Montreal

* ESTABLISHES JOINT VENTURE PARTNERSHIP WITH EXPERIENCED DATA CENTRE DEVELOPER TO GENERATE SIGNIFICANTLY ACCRETIVE INVESTMENTS