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Summit Industrial Income REIT (SMU_u.TO)

SMU_u.TO on Toronto Stock Exchange

9.24CAD
16 Nov 2018
Change (% chg)

$-0.06 (-0.65%)
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$9.30
Open
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Volume
147,068
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202,495
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$9.50
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Latest Key Developments (Source: Significant Developments)

Summit Industrial Income REIT To Acquire GTA Logistics Property
Thursday, 26 Jul 2018 

July 26 (Reuters) - Summit Industrial Income REIT ::SUMMIT INDUSTRIAL INCOME REIT TO ACQUIRE GTA LOGISTICS PROPERTY.SUMMIT INDUSTRIAL INCOME REIT - DEAL FOR $36.6 MILLION.  Full Article

Summit Industrial Income REIT Announces Acquisition Of Property And New Financing
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Summit Industrial Income Reit ::SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES ACQUISITION OF PROPERTY AND NEW FINANCING.SUMMIT INDUSTRIAL INCOME REIT - WILL PAY $14.9 MILLION FOR PROPERTY.SUMMIT INDUSTRIAL INCOME REIT - WAIVED CONDITIONS AND WILL ACQUIRE 100% OF A DISTRIBUTION WAREHOUSE LOCATED IN STRATFORD.SUMMIT INDUSTRIAL INCOME - REPLACED $90.0 MILLION BRIDGE FACILITY ESTABLISHED IN 2017 WITH $88.0 MILLION IN NEW MORTGAGES ON RECENTLY ACQUIRED PROPERTIES.  Full Article

Summit Industrial Income REIT Enters JV With Urbacon Montreal
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Summit Industrial Income Reit ::ESTABLISHES JOINT VENTURE PARTNERSHIP WITH EXPERIENCED DATA CENTRE DEVELOPER TO GENERATE SIGNIFICANTLY ACCRETIVE INVESTMENTS.SAYS ENTERED JOINT VENTURE PARTNERSHIP WITH URBACON MONTREAL TO DEVELOP, OWN AND OPERATE DATA CENTRES ACROSS CANADA.‍SAYS EXTENDED A $15.8 MILLION MEZZANINE LOAN TO URBACON​.‍SAYS OVERALL $45 MILLION INITIAL CASH INVESTMENT IN DATA CENTRE PROGRAM PRODUCES GOING IN ACCRETIVE YIELD OF 8%-10%​.SAYS ALSO EXTENDED THREE-YEAR $14.3 MILLION WORKING CAPITAL LOAN TO URBACON.  Full Article

Summit Industrial Income REIT Increases Equity Offering To $90 Million
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Summit Industrial Income Reit ::SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SIGNIFICANT INCREASE IN GTA PORTFOLIO AND INCREASE TO PREVIOUSLY ANNOUNCED EQUITY OFFERING TO $90 MILLION.SUMMIT INDUSTRIAL INCOME REIT - EQUITY OFFERING HAS BEEN INCREASED, ON A BOUGHT DEAL BASIS, TO 12.5 MILLION UNITS AT $7.20 PER UNIT.  Full Article

Summit Industrial Income REIT to acquire four properties well-diversified in target markets
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Summit Industrial Income Reit :Summit Industrial Income REIT to acquire four properties well-diversified in target markets.Summit Industrial Income REIT - total purchase price for properties is about $35.0 million​.Summit Industrial Income REIT - ‍acquisitions will be financed by new $20.7 million five-year debt & balance in cash from REIT's operating credit facility​.  Full Article

Summit Industrial Income REIT files preliminary base shelf prospectus
Wednesday, 19 Apr 2017 

April 19 (Reuters) - Summit Industrial Income Reit :Summit Industrial Income REIT files preliminary base shelf prospectus.Says filed and obtained a receipt for a preliminary base shelf prospectus for aggregate offering price of up to cdn$400 million.Says under shelf co may issue, units, debt securities, subscription receipts, having an aggregate offering price of up to C$400 million.  Full Article