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Summit Industrial Income REIT (SMU_u.TO)

SMU_u.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Summit Industrial Income REIT Announces Significant Portfolio Growth
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Summit Industrial Income REIT ::SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SIGNIFICANT PORTFOLIO GROWTH.SUMMIT INDUSTRIAL INCOME REIT - HAS WAIVED CONDITIONS AND WILL ACQUIRE PREVIOUSLY-ANNOUNCED PORTFOLIO OF LIGHT INDUSTRIAL PROPERTIES.SUMMIT INDUSTRIAL INCOME REIT - EXPECTED BRIDGE LOAN FACILITIES WILL BE REPLACED WITH PERMANENT FIXED RATE MORTGAGES IN Q1 OF 2019.SUMMIT INDUSTRIAL INCOME REIT - DEAL FOR A TOTAL PURCHASE PRICE OF APPROXIMATELY $328.6 MILLION.SUMMIT INDUSTRIAL INCOME REIT - WILL ALSO ACQUIRE A PORTFOLIO OF FOUR LIGHT INDUSTRIAL PROPERTIES IN ALBERTA FOR ABOUT $97.1 MILLION.SUMMIT INDUSTRIAL INCOME - DEAL TO BE FINANCED BY $140 MILLION EQUITY OFFERING, 2 ANTICIPATED 12-MONTH BRIDGE LOAN FACILITIES, CASH FROM OPERATING FACILITY.  Full Article

Summit Industrial Income REIT Announces Significant Portfolio Growth And $110 Mln Equity Offering
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Summit Industrial Income REIT ::SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SIGNIFICANT PORTFOLIO GROWTH AND $110 MILLION EQUITY OFFERING.SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SIGNIFICANT PORTFOLIO GROWTH AND $110 MILLION EQUITY OFFERING.SUMMIT INDUSTRIAL INCOME REIT - DEAL FOR $233.5 MILLION.SUMMIT INDUSTRIAL INCOME REIT - TO ACQUIRE ELEVEN LIGHT INDUSTRIAL PROPERTIES AGGREGATING JUST UNDER 2.1 MILLION SQUARE FEET OF GROSS LEASABLE AREA.SUMMIT INDUSTRIAL INCOME REIT - DEAL FINANCED BY ASSUMPTION OF APPROXIMATELY $38.9 MILLION IN EXISTING MORTGAGES, EQUITY OFFERING.SUMMIT INDUSTRIAL INCOME REIT - TO SELL 11.8 MILLION UNITS AT A PRICE OF $9.30 PER UNIT.  Full Article

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

CANADA STOCKS-TSX drops as oil slide deepens losses in energy shares

Nov 30Canada's main stock index dropped on Friday as another slide in oil prices pulled down energy shares, while latest domestic data showed that economic growth was in line with expectations in the third quarter.