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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 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

Summit Industrial Income Reit announces London, Ontario acquisition for about $16.6 mln
Monday, 29 Aug 2016 

Summit Industrial Income Reit : Summit Industrial Income Reit announces London, Ontario acquisition and accretive financing for Calgary, Alberta property purchase . Deal for $16.6 million . Acquisition will be financed with a new $10.4 million seven-year mortgage bearing an interest rate of 3.04% . Property also includes land available for future potential expansion of approximately 100,000 square feet .Arranged accretive financing for acquisition of light industrial property in Calgary, Alberta.  Full Article

Summit Industrial Income REIT posts Q2 FFO $0.149/unit
Tuesday, 9 Aug 2016 

Summit Industrial Income Reit : Summit Industrial Income REIT announces solid growth in second quarter 2016 results . Qtrly FFO per unit $0.149 .Q2 FFO per share view C$0.15 -- Thomson Reuters I/B/E/S.  Full Article

Summit Industrial Income REIT announces property acquisition and $30 million equity offering
Monday, 30 May 2016 

Summit Industrial Income Reit : Summit industrial income reit announces property acquisition and $30 million equity offering . Plans to finance purchase with assumption of a $23.5 million mortgage with balance in cash . Reit intends to use net proceeds from offering primarily to fund purchase of Edmonton Property . Acquiring 100% of a 309,077 square foot light industrial property for a purchase price of approximately $33.0 million .Entered into an agreement to sell, on a bought deal basis, 5 million units of reit at a price of $6.05 per unit.  Full Article

Summit Industrial Income REIT qtrly FFO $0.149 per unit
Wednesday, 11 May 2016 

Summit Industrial Income REIT : Summit Industrial Income REIT announces first quarter 2016 results .Qtrly FFO $0.149 per unit.  Full Article

Summit Industrial Income REIT qtrly FFO $0.149 per unit
Wednesday, 11 May 2016 

Summit Industrial Income REIT : Summit Industrial Income REIT announces first quarter 2016 results .Qtrly FFO $0.149 per unit.  Full Article

BRIEF-Summit Industrial Income REIT Enters JV With Urbacon Montreal

* ESTABLISHES JOINT VENTURE PARTNERSHIP WITH EXPERIENCED DATA CENTRE DEVELOPER TO GENERATE SIGNIFICANTLY ACCRETIVE INVESTMENTS