Summit Industrial Income REIT (SMU.UN)

Executive Summary

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

Rewards

Trading at 30.5% below our estimate of its fair value

Revenue is forecast to grow 14.71% per year

Earnings grew by 26% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

Large one-off items impacting financial results

Shareholders have been diluted in the past year



Snowflake Analysis

Fair value second-rate dividend payer.

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