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Summit Industrial Income REIT (T:SMU.UN)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEDAR
Company Contact
Address: 137 Venture Run, Suite 105
DARTMOUTH NS B3B 0L9
Tel: 1-905-7911181
Website: https://www.summitiireit.com
IR: See website
Key People
Paul Malcolm Dykeman
Chief Executive Officer, Trustee
Ross Drake
Chief Financial Officer
Dayna M. Gibbs
Chief Operating Officer
Kimberley Hill
Senior Vice President - Asset Management
Jonathan Robbins
Senior Vice President - Investments
 
Business Overview
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.
Financial Overview
For the six months ended 30 June 2021, SummitIndustrial Income REIT revenues increased 16% to C$107.4M.Net income increased from C$67.8M to C$750.7M. Revenuesreflect an increase in demand for the Company's productsand services due to favorable market conditions. Net incomebenefited from Net Operating Income (NOI) - Total increaseof 17% to C$79.9M, Fair value adjustments to investment proincrease from C$783K to C$693.6M (income).
Reporting Currency: Canadian Dollars
Enterprise value: $5,039M as of Jun 30, 2021
Annual revenue (TTM): $205.50M as of Jun 30, 2021
EBITDA (TTM): $137.51M as of Jun 30, 2021
Net annual income (TTM): $889.45M as of Jun 30, 2021
Free cash flow (TTM): $18.88M as of Jun 30, 2021
Net Debt Last Fiscal Year: $1,320M as of Jun 30, 2021
Shares outstanding: 175,359,923 as of Sep 23, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization