Investment Thesis
Summit Industrial Income REIT (SMMCF) (TSX:SMU.UN) has a portfolio of high-quality industrial properties in major markets in Canada with a focus in Toronto and Montreal. The REIT should continue to perform well thanks to strong market fundamentals in these two major markets. The company also has several development projects that should add to its revenue favorably in the next couple of years. The company is trading at a premium valuation and pays a 4.7%-yielding dividend. Investors may want to patiently wait for a pullback before investing.
Data by YCharts