Investment Thesis
Summit Industrial Income REIT (SMMCF) (TSX:SMU.UN) focuses on light industrial properties in major markets in Canada. The REIT has consistently maintained a high occupancy ratio with a diversified tenant base. Its recent entry towards building data centers will provide a long runway of growth. However, its shares are currently fairly valued. I believe patient investors may want to wait for a better entry point.
Source: YCharts
Reasons we like Summit Industrial Income REIT
A focus on Canada’s major markets
Summit Industrial has a strategy of focusing on light industrial properties in