TORONTO, Nov. 9, 2020 /CNW/ – Summit Industrial Income REIT (“Summit II” or the “REIT”) (TSX: SMU.UN) announced solid operating and financial performance for the three and nine months ended September 30, 2020. Highlights: Revenues increased by 41.4% in the third quarter and 38.3% year-to-date on portfolio growth, high stable occupancies and rent increases. Occupancy remained… [Read More]

TORONTO, Oct. 20, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) today has provided an update on its recent financing activities. Approximately $250 million of the REIT’s $350 million non-revolving bridge loan has been repaid through proceeds from the REIT’s recent offering of $250 million 5-year 2.15% Series A senior… [Read More]

TORONTO, Oct. 15, 2020 /CNW/ – 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 13, 2020 to Unitholders of record on October 31, 2020. Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity to… [Read More]

TORONTO, Oct. 8, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived all conditions and will acquire the remaining 50% ownership interest in a portfolio of eleven light industrial properties from its joint venture partner the Groupe Montoni (“Montoni”). The purchase price of $88.0 million for… [Read More]

TORONTO, Oct. 2, 2020 /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 and nine months ended September 30, 2020 on the afternoon of Monday, November 9, 2020. A conference call hosted by Summit II’s management team will be… [Read More]

TORONTO, Sept. 30, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) today provided an update on its rent collection for the month of September 2020. The REIT continues to closely monitor developments related to the COVID-19 pandemic and is following all guidelines provided by the federal and provincial governments. As… [Read More]

TORONTO, Sept. 28, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived all closing conditions and will acquire 100% of a 244,633 square foot Class A single tenant warehousing and logistics facility in Vaughan, Ontario, a prime new industrial property node in the Greater Toronto Area… [Read More]

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Sept. 17, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT“) (TSX: SMU.UN) announced today that it has completed its previously announced offering (the “Offering“) of $250 million aggregate principal amount of series A senior unsecured debentures… [Read More]

TORONTO, Sept. 15, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today a $0.045 per Unit cash distribution to be paid on October 15, 2020 to Unitholders of record on September 30, 2020. Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity to elect… [Read More]

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Sept. 14, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT“) (TSX: SMU.UN) announced today that it has agreed to issue $250 million aggregate principal amount of series A senior unsecured debentures (the “Debentures“) at a price of $999.62… [Read More]

TORONTO, Sept. 9, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) is pleased to announce the appointment of Ms. Dayna Gibbs (née Markwart) as Chief Operating Officer of the REIT effective today. Ms. Gibbs brings broad industry expertise to her new role.  She has been a Trustee of the REIT, has served as… [Read More]

TORONTO, Sept. 8, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has been assigned a Dominion Bond Rating Service (“DBRS”) Provisional Issuer Rating of BBB (low).  This is the first time Summit has been rated by DBRS. “We are pleased to have been assigned this investment grade… [Read More]