CA - Summit Industrial Income REIT GAAP EPS of C$0.21 revenue of C$63.05M
- Summit Industrial Income REIT press release ( OTC:SMMCF ): Q3 GAAP EPS of C$0.21.
- FFO increased 16.8% to C$35.7M (C$0.188/unit)
- Revenue of C$63.05M (+19.8% Y/Y).
- Near-full occupancy at 99.6% with an average lease term of 5.5 years and 2.4% average annual contractual rent steps.
- Future lease commitments on 22,212 sq. ft. (or 24.2% of vacancy) as at September 30, 2022.
- Same property NOI increased 6.3% with Ontario and Quebec contributing 8.8% and 4.9%, respectively.
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Summit Industrial Income REIT GAAP EPS of C$0.21, revenue of C$63.05M