Summit Industrial Income REIT
SMMCF
Other OTC17.27
USD
- -
- -
Return %
Stock
S&P500
1Y
-1.55
26.53
3Y
161.27
76.60
5Y
237.86
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Paul Malcolm Dykeman CPA, CA, CPA
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- 75 Summerlea Road Brampton ON Canada L6T 4V2
- IPO Date
- May 16, 2014
- Website
- summitiireit.com
- Similar Companies
- Business
- Summit Industrial Income REIT is an unincorporated open-end real estate investment trust focused on acquiring, owning, and managing a diversified portfolio of primarily light industrial properties across Canada. Its main product offerings consist of industrial real estate assets including warehouse, distribution, logistics, and manufacturing facilities, with a geographic concentration in key Canadian markets such as the Greater Toronto Area, Greater Montreal Area, and the Calgary/Edmonton corridor. The REIT targets tenants from various industries including light industrial, consumer goods, food and beverage, technology, automotive, and cold storage sectors. Founded with headquarters in Toronto, Canada, Summit Industrial Income REIT operates with a vertically integrated management platform that delivers property management, leasing, and asset management services tailored to industrial real estate. It focuses on providing modern, functional industrial spaces that support urban logistics and distribution needs. A major recent development for Summit Industrial Income REIT was its acquisition in early 2023 by a joint venture formed between Singapore's sovereign wealth fund GIC and Canada's Dream Industrial REIT in an all-cash transaction valued at approximately C$5.9 billion. This strategic alliance led to the formation of the Dream Summit venture, which significantly expanded the combined industrial property platform to over 44 million square feet of co-owned and managed industrial assets across Canada. The transaction included the assumption of Summit's debt and was aimed at leveraging GIC's global real estate investment expertise alongside Dream Industrial's management experience to enhance the portfolio's value and operational performance. Since the acquisition, Summit's operations continue to focus on growth through strategic acquisitions, development projects, and diversified tenant base expansion within the Canadian industrial real estate market, maintaining a strong presence in key economic hubs while benefiting from institutional backing and integrated asset management capabilities. This positions Summit Industrial Income REIT as a major player in the Canadian industrial real estate sector with enhanced scale and financial strength under the Dream Summit venture partnership. This comprehensive profile reflects Summit Industrial Income REIT's core business activities, major recent changes including its acquisition and strategic partnership, and its geographic and sector focus within the industrial real estate investment industry in Canada.
Dream Industrial: Like It, Love It, Want Some More Of It