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Summit Industrial Income REITTSX:SMU.UN Stock Report

Market Cap CA$4.5b
Share Price
n/a
1Y9.4%
7D1.0%
1D1.1%
Portfolio Value
​
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Summit Industrial Income REIT

TSX:SMU.UN Stock Report

Market Cap: CA$4.5b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Summit Industrial Income REIT (SMU.UN) Stock Overview

Summit Industrial Income REIT is an unincorporated open-end REIT focused on growing and managing a portfolio of light industrial and other properties across Canada. More details

SMU.UN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends5/6

Rewards

Price-To-Earnings ratio (5.4x) is below the Canadian market (11x)

Pays a reliable dividend of 2.48%

Risk Analysis

Shareholders have been diluted in the past year

Large one-off items impacting financial results

Profit margins are lower than last year

Significant insider selling over the past 3 months


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Summit Industrial Income REIT Competitors

Price History & Performance

Summary of share price highs, lows and changes for Summit Industrial Income REIT
Historical stock prices
Current Share PriceCA$23.46
52 Week HighCA$23.47
52 Week LowCA$16.06
Beta1.09
1 Month Change2.54%
3 Month Change4.73%
1 Year Change9.37%
3 Year Change68.90%
5 Year Change190.71%
Change since IPO-2.25%

Recent News & Updates

Recent updates

Analysis Article • Jan 13

Is Summit Industrial Income REIT's (TSE:SMU.UN) Latest Stock Performance Being Led By Its Strong Fundamentals?

Summit Industrial Income REIT's (TSE:SMU.UN) stock up by 2.9% over the past three months. Given that the market rewards...

Shareholder Returns

SMU.UNCA REITsCA Market
7D1.0%0.4%0.6%
1Y9.4%-0.2%28.2%

Return vs Industry: SMU.UN exceeded the Canadian REITs industry which returned -8.2% over the past year.

Return vs Market: SMU.UN exceeded the Canadian Market which returned -3.7% over the past year.

Price Volatility

Is SMU.UN's price volatile compared to industry and market?
SMU.UN volatility
SMU.UN Average Weekly Movement0.9%
REITs Industry Average Movement2.6%
Market Average Movement9.4%
10% most volatile stocks in CA Market16.5%
10% least volatile stocks in CA Market3.7%

Stable Share Price: SMU.UN has not had significant price volatility in the past 3 months.

Volatility Over Time: SMU.UN's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aPaul Dykemanwww.summitIIreit.com

Summit Industrial Income REIT is an unincorporated open-end REIT 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.

Summit Industrial Income REIT Fundamentals Summary

How do Summit Industrial Income REIT's earnings and revenue compare to its market cap?
SMU.UN fundamental statistics
Market capCA$4.46b
Earnings (TTM)CA$822.06m
Revenue (TTM)CA$256.15m
5.4x
P/E Ratio
17.4x
P/S Ratio

Is SMU.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SMU.UN income statement (TTM)
RevenueCA$256.15m
Cost of RevenueCA$64.02m
Gross ProfitCA$192.14m
Other Expenses-CA$629.92m
EarningsCA$822.06m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.33
Gross Margin75.01%
Net Profit Margin320.92%
Debt/Equity Ratio34.6%

How did SMU.UN perform over the long term?

See historical performance and comparison

Dividends

2.5%
Current Dividend Yield
63%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/02/18 09:05
End of Day Share Price 2023/02/17 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Summit Industrial Income REIT is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Troy MacLeanBMO Capital Markets Equity Research
Dean WilkinsonCIBC Capital Markets
Matt KornackNational Bank Financial