SMMCF News and Press, Summit Industrial Income REIT Tr Unit New

Summit Industrial Income REIT press release ( OTC:SMMCF ): Q4 GAAP EPS of $2.41. FFO per Unit of $0.199. Revenue of $65.91M (+15.8% Y/Y). Near-full occupancy at 99.2% at December 31, 2022 with an average lease term of 5.4 years and 3.2% average annual contractual rent steps. ...

Summary Granite REIT recently announced its 12th consecutive annual distribution increase. The REIT has a superb balance sheet with uniquely low financing costs. Granite has an industry-leading 99.1% occupancy rate across its 128 income-producing properties. Granite will benefit...

Summary Dream Industrial has performed poorly since our last article. We examine the recent results and the Summit Purchase. Risks from interest rate hikes are highest for Dream Industrial, but the starting interest rate coverage helps make the bull case even today. All ...

Summary Acquirer / Type: GIC and Dream Industrial REIT / SWF. Nature / Payment Type: Friendly / $23.5 per share in Cash. Deal value / Equity Value: C$5.9 billion / $4.5 billion. Spread: 4.0% | Implied Probability: | Closing: Q1-2023. Remaining Milestone(s): Investment Canada...

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 con...

Summit Industrial Income REIT ( OTC:SMMCF ) (SMU.UN:CA) rose ~28% pre-market after an announcement on the proposed acquisition by GIC and Dream Industrial REIT ( OTC:DREUF ) (DIR.UN). GIC and Dream Industrial REIT are set to acquire Summit Industrial in an al...

Summit Industrial Income REIT (SMMCF) Q2 2022 Results Conference Call August 10, 2022 10:00 AM ET Company Participants Paul Dykeman - Chief Executive Officer Ross Drake - Chief Financial Officer Dayna Gibbs - Chief Operating Officer Conference Call Particip...

Summit Industrial Income REIT press release ( OTC:SMMCF ): Q2 FFO of C$0.19. Revenue of C$62.3M (+13.9% Y/Y). "Revenue continued to increase in the second quarter, driven by portfolio growth, occupancy rising to near-full levels, and significant rental rate increases ...

Summit Industrial Income REIT ( OTC:SMMCF ) completed the acquisition of the remaining 50% ownership interest in a recently constructed light industrial property in the Hanlon Creek Business Park in Guelph, Ontario from its joint-venture partner. The inter...

Summit Industrial Income REIT (OTC:SMMCF) declares CAD 0.0484/share monthly dividend, 3% increase from prior dividend of CAD 0.0470. Forward yield 3.16% Payable June 15; for shareholders of record May 31; ex-div May 27. See SMMCF Dividend Scorecard, Yield Chart, & Dividend Growth. For f...