TORONTO, May 10, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced continued growth and strong operating performance for the three months ended March 31, 2022, and an increase in monthly cash distributions. “Following another record year in 2021, our growth and operating performance continued to deliver in the first… [Read More]
Summit Industrial Income REIT Announces April 2022 Cash Distribution
TORONTO, April 14, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today a $0.047 per Unit cash distribution to be paid on May 13, 2022, to Unitholders of record on April 30, 2022. Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity… [Read More]
Summit Industrial Income REIT Continues to Expand Development Pipeline in Ontario
TORONTO, March 31, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has acquired a 50% interest in a joint venture partnership, with respect to a 40-acre development ready site located in the Aberfoyle Industrial Park, at 7475 McLean Road just East of Guelph, Ontario in Puslinch. The… [Read More]
Summit Industrial Income REIT Announces Completion of $230 Million Equity Offering
THIS PRESS RELEASE CONSTITUTES A “DESIGNATED NEWS RELEASE” FOR THE PURPOSES OF SUMMIT INDUSTRIAL INCOME REIT’S PROSPECTUS SUPPLEMENT DATED JUNE 21, 2021 TO ITS BASE SHELF PROSPECTUS DATED JUNE 21, 2021 /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, March 31, 2022 /CNW/ – Summit Industrial Income REIT… [Read More]
Summit Industrial Income REIT Announces Timing of First Quarter 2022 Results and Conference Call
TORONTO, March 24, 2022 /CNW/ – Summit Industrial Income REIT (“Summit II” or the “REIT”) (TSX: SMU.UN) announced today that it will be issuing its results for the three months ended March 31, 2022 on the afternoon of Tuesday, May 10, 2022. A conference call hosted by Summit II’s management team will be held on… [Read More]
Summit Industrial Income REIT to Acquire $25 Million Single-Tenant Industrial Property in prime GTA Location
TORONTO, March 22, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced that it has waived conditions and will acquire a 76,423 square foot Class A single tenant property in the Greater Toronto Area. Summit will pay $25.2 million for the property, well below replacement cost and generating a going-in… [Read More]
Summit Industrial Income REIT Announces March 2022 Cash Distribution
TORONTO, March 15, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today a $0.047 per Unit cash distribution to be paid on April 15, 2022, to Unitholders of record on March 31, 2022. Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity… [Read More]
Summit Industrial Income REIT Announces Acquisition of Montreal Industrial Property and Net Zero Carbon Expansion Project
TORONTO, Feb. 23, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived conditions and will acquire a 226,000 square foot industrial building combined with a 150,000 square foot industrial expansion project in Pointe Claire, Quebec on the west side of Montreal. Summit will pay $95.6 million… [Read More]
Summit Industrial Income REIT Reports Another Year of Record Performance in 2021
TORONTO, Feb. 16, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced strong growth and record operating performance for the three months and year ended December 31, 2021. 2021 HIGHLIGHTS FINANCIAL: Revenue up 11.0% in Q4 and 13.7% in 2021 driven by portfolio growth, high stable occupancies and rent increases…. [Read More]
Summit Industrial Income REIT Announces February 2022 Cash Distribution
TORONTO, Feb. 15, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today a $0.047 per Unit cash distribution to be paid on March 15, 2022, to Unitholders of record on February 28, 2022. Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity… [Read More]
Summit Industrial Income REIT Acquires Kitchener, Ontario Development Site
TORONTO, Feb. 7, 2022 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has acquired a 50% interest through a joint venture development partnership in a 19.5 acre development site located in the Grand River West Business Park in Kitchener, Ontario. Summit paid approximately $5.5 million for its… [Read More]
Summit Industrial Income REIT Announces Timing of Fourth Quarter 2021 Results and Conference Call
TORONTO, Jan. 19, 2022 /CNW/ – Summit Industrial Income REIT (“Summit II” or the “REIT”) (TSX: SMU.UN) announced today that it will be issuing its results for the three months and year ended December 31, 2021, on the afternoon of Wednesday, February 16, 2022. A conference call hosted by Summit II’s management team will be held… [Read More]
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