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Summit Industrial Income REIT (SMU_u.TO)

SMU_u.TO on Toronto Stock Exchange

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Volume
567,627
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Latest Key Developments (Source: Significant Developments)

Summit Industrial Income REIT Sells Interests In Data Centre Projects
Thursday, 12 Sep 2019 

Sept 11 (Reuters) - Summit Industrial Income REIT ::PRESS RELEASE - SUMMIT INDUSTRIAL INCOME REIT SELLS INTERESTS IN DATA CENTRE PROJECTS.SUMMIT INDUSTRIAL INCOME REIT - SOLD ITS INTERESTS IN ITS DATA CENTRES FOR APPROXIMATELY $178 MILLION.SUMMIT INDUSTRIAL INCOME REIT - TRANSACTIONS WILL GENERATE A REALIZED GAIN OF APPROXIMATELY $42.0 MILLION OR $0.35 PER UNIT.  Full Article

Summit Industrial Income REIT Announces Proposed Internalization Of Asset And Property Management
Monday, 25 Mar 2019 

Summit Industrial Income REIT ::SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES PROPOSED INTERNALIZATION OF ASSET AND PROPERTY MANAGEMENT.SUMMIT INDUSTRIAL INCOME REIT - REIT WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF SIGMA ASSET MANAGEMENT FOR TOTAL CONSIDERATION OF $95.0 MILLION.SUMMIT INDUSTRIAL INCOME REIT - $20.0 MILLION OF CONSIDERATION WILL BE SATISFIED WITH CASH, EXPECTED TO BE FUNDED FROM REIT'S REVOLVING OPERATING FACILITY.SUMMIT INDUSTRIAL INCOME REIT - UNITS OF REIT ISSUED AS CONSIDERATION FOR INTERNALIZATION WILL BE SUBJECT TO TWO LOCK-UP PERIODS.SUMMIT INDUSTRIAL INCOME REIT - $75.0 MILLION OF CONSIDERATION WILL BE SATISFIED WITH 6.7 MILLION UNITS OF REIT.SUMMIT INDUSTRIAL INCOME REIT - AT CLOSING, SENIOR MANAGEMENT TEAM OF REIT WILL OWN ABOUT 9% OF OUTSTANDING UNITS.SUMMIT INDUSTRIAL INCOME REIT - DEAL IMMEDIATELY ACCRETIVE TO REIT'S AFFO PER UNIT BY APPROXIMATELY 2.8%.SUMMIT INDUSTRIAL INCOME REIT - UPON CLOSING, PAUL DYKEMAN WILL CONTINUE AS CHIEF EXECUTIVE OFFICER OF REIT PURSUANT TO A 5 YEAR AGREEMENT.  Full Article

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
Friday, 30 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
Friday, 27 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
Thursday, 29 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