Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial and other properties across Canada. Summit II's units are listed on the TSX and trade under the symbol SMU.UN.

Overall MarketRank^™

1.37 out of 5 stars

2.3 Analyst's Opinion

Consensus Rating
Summit Industrial Income REIT has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$15.33, Summit Industrial Income REIT has a forecasted downside of 2.6% from its current price of C$15.74.
Amount of Analyst Coverage
Summit Industrial Income REIT has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.7 Community Rank

Outperform Votes
Summit Industrial Income REIT has received 13 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Summit Industrial Income REIT has received 26 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Summit Industrial Income REIT has received 66.67% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Summit Industrial Income REIT and other stocks. Vote “Outperform” if you believe SMU.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SMU.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Summit Industrial Income REIT pays a meaningful dividend of 3.43%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Summit Industrial Income REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Summit Industrial Income REIT is 37.97%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Summit Industrial Income REIT insiders have not sold or bought any company stock.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Summit Industrial Income REIT is 11.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Summit Industrial Income REIT is 11.07, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 53.91.
Price to Book Value per Share Ratio
Summit Industrial Income REIT has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Summit Industrial Income REIT (TSE:SMU.UN) Frequently Asked Questions

Is Summit Industrial Income REIT a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Industrial Income REIT in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Summit Industrial Income REIT stock.
View analyst ratings for Summit Industrial Income REIT or view top-rated stocks.

What stocks does MarketBeat like better than Summit Industrial Income REIT?

Wall Street analysts have given Summit Industrial Income REIT a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Summit Industrial Income REIT wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

How has Summit Industrial Income REIT's stock been impacted by Coronavirus?

Summit Industrial Income REIT's stock was trading at C$11.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SMU.UN stock has increased by 35.5% and is now trading at C$15.74.
View which stocks have been most impacted by COVID-19.

How often does Summit Industrial Income REIT pay dividends? What is the dividend yield for Summit Industrial Income REIT?

Summit Industrial Income REIT declared a monthly dividend on Thursday, April 29th. Stockholders of record on Friday, May 14th will be given a dividend of 0.045 per share on Friday, May 14th. This represents a $0.54 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, April 29th.
View Summit Industrial Income REIT's dividend history.

Is Summit Industrial Income REIT a good dividend stock?

Summit Industrial Income REIT pays an annual dividend of C$0.54 per share and currently has a dividend yield of 3.43%. The dividend payout ratio of Summit Industrial Income REIT is 37.97%. This payout ratio is at a healthy, sustainable level, below 75%.
View Summit Industrial Income REIT's dividend history.

What price target have analysts set for SMU.UN?

4 Wall Street analysts have issued 12-month price targets for Summit Industrial Income REIT's stock. Their forecasts range from C$13.50 to C$17.00. On average, they expect Summit Industrial Income REIT's share price to reach C$15.33 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
View analysts' price targets for Summit Industrial Income REIT or view top-rated stocks among Wall Street analysts.

Who are Summit Industrial Income REIT's key executives?

Summit Industrial Income REIT's management team includes the following people:

Mr. Paul Malcolm Dykeman C.A., CPA, CPA, CA, CEO, Pres & Trustee (Age 58)
Mr. Ross Drake CPA, CA, Chief Financial Officer
Mr. Jonathan J. Robbins, Sr. VP of Acquisitions
Ms. Kimberley G. Hill, Sr. VP of Asset Management

Who are some of Summit Industrial Income REIT's key competitors?

Some companies that are related to Summit Industrial Income REIT include Granite Real Estate Investment Trust (GRT.UN), Tritax Big Box REIT (BBOX), Dream Industrial Real Estate Invest Trst (DIR.UN), Big Yellow Group (BYG), Safestore (SAFE), WPT Industrial Real Estate Investment (WIR.U), UK Commercial Property REIT (UKCM), Warehouse REIT (WHR), Hansteen (HSTN), Big Yellow Group (BYLOF), BWP Trust (BWP), Centuria Industrial REIT (CIP), FIBRA Prologis (FBBPF) and National Storage REIT (NSR).
View all of SMU.UN's competitors.

What is Summit Industrial Income REIT's stock symbol?

Summit Industrial Income REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SMU.UN."

How do I buy shares of Summit Industrial Income REIT?

Shares of SMU.UN and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Summit Industrial Income REIT's stock price today?

One share of SMU.UN stock can currently be purchased for approximately C$15.74.

How much money does Summit Industrial Income REIT make?

Summit Industrial Income REIT has a market capitalization of C$2.64 billion and generates C$192.90 million in revenue each year.

What is Summit Industrial Income REIT's official website?

The official website for Summit Industrial Income REIT is www.summitIIreit.com.

How can I contact Summit Industrial Income REIT?

The company can be reached via phone at (905) 791-1181.

This page was last updated on 5/6/2021 by MarketBeat.com Staff

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