Summit Industrial Income REIT (SMU_u)

Toronto
20.95
+0.10(+0.48%)
  • Volume:
    345,075
  • Bid/Ask:
    20.95/20.99
  • Day's Range:
    20.51 - 21.26
  • Type:Equity
  • Market:Canada
  • ISIN:CA8661201167
  • CUSIP:866120116

SMU_u Overview

Prev. Close
20.85
Day's Range
20.51-21.26
Revenue
264.02M
Open
20.65
52 wk Range
13.12-24.01
EPS
6.52
Volume
345,075
Market Cap
3.69B
Dividend (Yield)
0.564
(2.69%)
Average Volume (3m)
343,180
P/E Ratio
3.21
Beta
0.98
1-Year Change
54.04%
Shares Outstanding
176,080,489
Next Earnings Date
Feb. 16, 2022
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Summit Industrial Income REIT Company Profile

Summit Industrial Income REIT is a Canada-based open-ended mutual fund real estate investment trust (REIT). The Trust is involved in the commercial leasing of real estate property with approximately 160 property located in Ontario, Quebec, Alberta, British Columbia and New Brunswick. The Trust is focused on the light industrial sector of the Canadian real estate industry. Light industrial properties are one-storied properties located in or near cities. The properties house such activities as warehousing and storage, light assembly and shipping, call centers and technical support, professional services and other similar uses. The Trust’s manager is Sigma Asset Management Limited.

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  • I hear this is a good one!  Just jumped in at $12.67 - Thoughts for the future?
    0
    • P/AFFO of 23x which may look expensive but if you convert that into real estate terms, that's a 4.3% cap rate. CBRE Q2's report shows that industrial in the GTA (where most of Summit's properties are) trades in the 4.00-4.50% for class A (which is was Summit buys). So the price is totally in line with market. . Other than that, 35% LTV and a 4.8% CAGR on dividends over the past 5 years... that's pretty good!. The only downside is their payout ratio which is close to 100%. That scares me a little.. Taking a step back from the numbers, industrial is the hottest asset class in the country. Wait until Alberta wakes up and Summit's assets will start climbing.
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