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Summit Industrial Income REIT (SMU-UN-T) Quote - Press Releases

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Latest Press Releases

Summit Industrial Income REIT Expands Presence in Target GTA Market
- CNW Group - Thu Dec 12, 4:45PM CST
CNW Group - CMTX
Thu Dec 12, 4:45PM CST
Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today that it has waived conditions and will acquire 100% of a 184,561 square foot single tenant light industrial property located in Markham, Ontario. The property is situated on a 11.7-acre site with low 36% site coverage, providing the opportunity to develop a 60,000 square foot addition to the property. Summit will pay approximately $39.8 million for the property, financed in cash from the REIT's operating facility, generating a going-in capitalization rate of approximately 4.2%, including the value of the expansion lands. Once the expansion to the building has been completed, the REIT expects the capitalization rate will exceed 5.0%. Closing of the acquisition is expected on January 14, 2020.
Summit Industrial Income REIT Announces November 2019 Cash Distribution
- CNW Group - Fri Nov 15, 4:30PM CST
CNW Group - CMTX
Fri Nov 15, 4:30PM CST
Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today a $0.045 per Unit cash distribution to be paid on December 13, 2019 to Unitholders of record on November 30, 2019. Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit.
Summit Industrial Income REIT Announces Strong Performance Through First Nine Months of 2019
- CNW Group - Wed Nov 13, 4:23PM CST
CNW Group - CMTX
Wed Nov 13, 4:23PM CST
Summit Industrial Income REIT ("Summit II" or the "REIT") (TSX: SMU.UN) announced today very strong operating and financial performance for the three and nine months ended September 30, 2019.
Summit Industrial Income REIT Announces Closing of Acquisition of 37 Property Portfolio for $588 Million and Conversion of Subscription Receipts
- CNW Group - CND - Fri Nov 1, 4:00PM CDT
CNW Group - CND - CMTX
Fri Nov 1, 4:00PM CDT
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Summit Industrial Income REIT Expands Presence in Strong Greater Toronto Area
- CNW Group - Thu Oct 31, 4:30PM CDT
CNW Group - CMTX
Thu Oct 31, 4:30PM CDT
Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today that it had waived conditions and will acquire 100% of a Class A light industrial property totaling 128,235 square feet located in Vaughan, Ontario in the Greater Toronto Area. Summit will pay $25.5 million for the property, well below replacement cost, funded by the assumption of a $10.6 million mortgage with a 3.88% interest rate maturing in March 2023 and cash from its recently completed bought-deal equity offering. Closing is anticipated on or before the end of November 2019.
Summit Industrial Income REIT Announces Completion of $230 Million Equity Offering
- CNW Group - CND - Thu Oct 17, 7:17AM CDT
CNW Group - CND - CMTX
Thu Oct 17, 7:17AM CDT
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Summit Industrial Income REIT Announces October 2019 Cash Distribution
- CNW Group - Tue Oct 15, 4:30PM CDT
CNW Group - CMTX
Tue Oct 15, 4:30PM CDT
Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today a $0.045 per Unit cash distribution to be paid on November 15, 2019 to Unitholders of record on October 31, 2019. Holders of units of a subsidiary of the REIT that are exchangeable into trust units of the REIT will receive a distribution equal to $0.045 per unit.
Summit Industrial Income REIT Announces Acquisition of Alberta Light Industrial Portfolio for $588 Million and C$200 Million Offering of Subscription Receipts
- GlobeNewswire - Mon Oct 7, 2:25PM CDT
GlobeNewswire - CMTX
Mon Oct 7, 2:25PM CDT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Summit Industrial Income REIT Announces Timing of Third 2019 Results & Conference Call
- CNW Group - Thu Sep 26, 10:00AM CDT
CNW Group - CMTX
Thu Sep 26, 10:00AM CDT
Summit Industrial Income REIT ("Summit II" or the "REIT") (TSX: SMU.UN) announced today that it will be issuing its results for the three and nine months ended September 30, 2019 on the afternoon of Wednesday, November 13, 2019. A conference call hosted by Summit II's management team will be held on Thursday, November 14, 2019 at 9:00 am EST.
Summit Industrial Income REIT Included in TSX30 - One of the Top Thirty Performing Issuers Over Last Three Years
- CNW Group - Thu Sep 26, 9:00AM CDT
CNW Group - CMTX
Thu Sep 26, 9:00AM CDT
Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) was pleased to announce today that it has been included in the recently announced TSX30, a new flagship program ranking the thirty top-performing issuers on the Toronto Stock Exchange over the three year period from June 2016 to July 2019 based on dividend-adjusted price appreciation. Over this year period Summit generated an approximate 160% increase in its distribution-adjusted unit price.

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