Summit Industrial Income REIT chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.32
Dividend & Yield0.58C$ (3.24%)
Beta 1.07
Market capitalization 3.39B
Operating cash flow 98.71M
ESG Scores unknown

Company description

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.

Sector: Real Estate - Industry: REIT—Industrial

Financial Ratios
Quick Ratio0.23
Working Capital-9.55
Return On Equity0.36
Debt To Equity0.38
Fixed Asset Ratio0.11
Fixed Interest Cover4.04

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -494.81M -602.88M -276.3M -369.63M
Net Borrowings 242.04M 252.26M -22.52M 139.84M
Total Cash From Financing Activities 450.41M 553.96M 265.63M 228.69M
Change To Operating Activities 8.45M 3.92M -6.16M -975k
Issuance Of Stock 243.91M 363.29M 351.93M 162.72M
Net Income 180.41M 147.59M 206.5M 1.13B
Change In Cash 3.47M -2.63M 68.39M -54.04M
Effect Of Exchange Rate
Total Cash From Operating Activities 47.87M 46.29M 79.06M 86.9M
Depreciation
Change To Account Receivables
Other Cashflows From Financing Activities
Change To Netincome -141.71M -106.61M -122.51M -1.05B
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 180.41M 147.59M 206.5M 1.13B
Net Income 180.41M 147.59M 206.5M 1.13B
Selling General Administrative 5.33M 6.31M 7.36M 10.55M
Gross Profit 68.49M 108.07M 142.11M 163.68M
Ebit 63.16M 101.76M 134.75M 153.13M
Operating Income 63.16M 101.76M 134.75M 153.13M
Interest Expense -22.87M -36.19M -42.09M -37.89M
Income Tax Expense
Total Revenue 95.8M 147.19M 192.9M 219.22M
Cost Of Revenue 27.31M 39.12M 50.8M 55.54M
Total Other Income ExpenseNet 117.25M 45.82M 71.75M 978.87M
Net Income From Continuing Ops 180.41M 147.59M 206.5M 1.13B
Net Income Applicable To Common Shares 180.41M 147.59M 206.5M 1.13B

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 914.86M 1.19B 1.27B 1.39B
Total Stockholder Equity 859.74M 1.42B 1.9B 3.15B
Other Current Liabilities 4.64M 7.27M 9.64M 14.41M
Total Assets 1.77B 2.61B 3.17B 4.54B
Common Stock 681.04M 1.17B 1.54B 1.73B
Other Current Assets 7.7M 23.18M 22.14M 15.24M
Retained Earnings 180.74M 258.66M 386M 1.42B
Treasury Stock -2.05M -10.04M -28.96M 220k
Cash 4.33M 1.7M 70.09M 16.05M
Total Current Liabilities 298.67M 488.56M 67.39M 153.39M
Other Stockholder Equity -2.05M -10.04M -28.96M 220k
Property, Plant, and Equipment 1.7B 2.53B 3.02B 4.46B
Total Current Assets 15.33M 32.59M 126.02M 34.82M
Net Tangible Assets 859.74M 1.42B 1.9B 3.15B
Net Receivables 3.3M 7.71M 33.8M 3.53M
Accounts Payable 27.02M 27.01M 36.47M 44.77M


Insider Transactions

Here are the insider transactions of stock shares related to Summit Industrial Income REIT:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Maroun (Louis Joseph)Acquisition or disposition in the public market at price 13.99 per share.D2022-09-06Director of Issuer2.22k
Hynes, Robert GlennAcquisition or disposition in the public market at price 14.37 per share.D2022-08-26Director of Issuer5k
Hynes, Robert GlennAcquisition or disposition in the public market at price 14.37 per share.D2022-08-26Director of Issuer700
Hynes, Robert GlennAcquisition or disposition in the public market at price 14.39 per share.D2022-08-26Director of Issuer4.3k
Hynes, Robert GlennD2022-08-15Director of Issuer
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 12.59 per share.I2022-07-15Director of Issuer396
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 13.40 per share.I2022-06-15Director of Issuer375
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 14.02 per share.I2022-05-13Director of Issuer9.13k
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 14.02 per share.I2022-05-13Director of Issuer347
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 16.13 per share.I2022-04-15Director of Issuer302
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 16.13 per share.I2022-04-15Director of Issuer8.09k
Lempert (Jo-Ann)Acquisition or disposition under a prospectus at price 17.72 per share.D2022-03-31Director of Issuer1k
Morassutti (Lawrence)Acquisition or disposition under a prospectus at price 17.72 per share.I2022-03-31Director of Issuer5k
Morassutti (Lawrence)Acquisition or disposition under a prospectus at price 17.72 per share.I2022-03-31Director of Issuer2.45k
Shulman (Saul)Acquisition or disposition under a prospectus at price 17.72 per share.D2022-03-31Director of Issuer4.7k
Morassutti (Lawrence)Acquisition or disposition in the public market at price 17.58 per share.I2022-03-28Director of Issuer185
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 17.01 per share.I2022-03-15Director of Issuer7.56k
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 17.01 per share.I2022-03-15Director of Issuer282
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 16.87 per share.I2022-02-15Director of Issuer285
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 16.66 per share.I2022-01-14Director of Issuer292
Drake, RossI2021-12-23Senior Officer of Issuer900
Drake, RossI2021-12-23Senior Officer of Issuer900
Drake, RossI2021-12-22Senior Officer of Issuer900
Drake, RossAcquisition or disposition in the public market at price 17.61 per share.I2021-12-21Senior Officer of Issuer22.8k
Drake, RossAcquisition or disposition in the public market at price 17.61 per share.I2021-12-21Senior Officer of Issuer13.5k
Drake, RossAcquisition or disposition in the public market at price 17.63 per share.I2021-12-21Senior Officer of Issuer4.9k
Drake, RossAcquisition or disposition in the public market at price 17.61 per share.I2021-12-21Senior Officer of Issuer10.1k
Drake, RossAcquisition or disposition in the public market at price 17.61 per share.I2021-12-21Senior Officer of Issuer3.8k
Drake, RossAcquisition or disposition in the public market at price 17.59 per share.I2021-12-21Senior Officer of Issuer2.7k
Drake, RossAcquisition or disposition in the public market at price 17.68 per share.I2021-12-21Senior Officer of Issuer8.2k
Drake, RossAcquisition or disposition in the public market at price 17.66 per share.I2021-12-21Senior Officer of Issuer86
Drake, RossAcquisition or disposition in the public market at price 17.66 per share.I2021-12-21Senior Officer of Issuer100
Drake, RossAcquisition or disposition in the public market at price 17.66 per share.I2021-12-21Senior Officer of Issuer100
Drake, RossAcquisition or disposition in the public market at price 17.66 per share.I2021-12-21Senior Officer of Issuer100
Drake, RossAcquisition or disposition in the public market at price 17.66 per share.I2021-12-21Senior Officer of Issuer100
Drake, RossAcquisition or disposition in the public market at price 17.66 per share.I2021-12-21Senior Officer of Issuer300
Drake, RossAcquisition or disposition under a purchase/ownership plan at price 17.51 per share.I2021-12-15Senior Officer of Issuer169
Hill, KimberleyAcquisition or disposition under a purchase/ownership plan at price 17.51 per share.D2021-12-15Senior Officer of Issuer124
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 16.99 per share.I2021-12-15Director of Issuer279
Robbins (Jonathan J)Acquisition or disposition under a purchase/ownership plan at price 17.51 per share.D2021-12-15Senior Officer of Issuer351
Drake, RossAcquisition or disposition under a purchase/ownership plan at price 18.49 per share.I2021-11-15Senior Officer of Issuer164
Hill, KimberleyAcquisition or disposition under a purchase/ownership plan at price 18.49 per share.D2021-11-15Senior Officer of Issuer121
Morassutti (Lawrence)Acquisition or disposition under a purchase/ownership plan at price 17.95 per share.I2021-11-15Director of Issuer270
Robbins (Jonathan J)Acquisition or disposition under a purchase/ownership plan at price 18.49 per share.D2021-11-15Senior Officer of Issuer340

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Summit Industrial Income REIT. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Summit Industrial Income REIT

Here is the result of two systematic investment strategies applied to Summit Industrial Income REIT. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Summit Industrial Income REIT

The following chart shows the equity curve of the two systematic investment strategies applied to Summit Industrial Income REIT:

Summit Industrial Income REIT automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 1.5% on the backtest period.

Performance at glance

Performance

1.5 %

Latent gain

11.18 C$

Invested capital

746.02 C$

Annualized return

1.14 %
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Momentum strategy results on Summit Industrial Income REIT

This is the result of two momentum investment strategies applied to Summit Industrial Income REIT. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Summit Industrial Income REIT

The following chart shows all the entries opened by the momentum investment system on Summit Industrial Income REIT:

Summit Industrial Income REIT momentum entries
  • The first momentum investment strategy would give -3.68% of return on Summit Industrial Income REIT. That represents -37.56C$ of latent gain with 1021.92C$ of employed capital.
  • The second momentum investment strategy would give -10.96% of return on Summit Industrial Income REIT. That represents -81.59C$ of latent gain with 744.14C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-3.68 %

Latent gain

-37.56 C$

Invested capital

1021.92 C$

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-10.96 %

Latent gain

-81.59 C$

Invested capital

744.14 C$

Annualized return

-13.05 %

Momentum equity curve on Summit Industrial Income REIT

The following chart shows the equity curve of the two momentum strategies applied to Summit Industrial Income REIT:

Summit Industrial Income REIT momentum equity

Note: the dividends potentially given by Summit Industrial Income REIT are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Summit Industrial Income REIT

The following chart shows the employed capital evolution of the two momentum strategies on Summit Industrial Income REIT since the beginning:

Summit Industrial Income REIT

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on Summit Industrial Income REIT

Buy the dip entry openings on Summit Industrial Income REIT

Summit Industrial Income REIT

The performance achieved by the robo-advisor on Summit Industrial Income REIT is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows Summit Industrial Income REIT stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Summit Industrial Income REIT, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

-0.0 %

Equity curve of the strategy applied to Summit Industrial Income REIT

The following chart shows the result of the investment strategy applied to Summit Industrial Income REIT:

Summit Industrial Income REIT

Note: the dividends potentially given by Summit Industrial Income REIT are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Summit Industrial Income REIT

The following chart shows the employed capital evolution since the beginning of the investment strategy on Summit Industrial Income REIT:

Summit Industrial Income REIT

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Summit Industrial Income REIT

In this section, I will compare the three previous investment strategies applied to Summit Industrial Income REIT.

Equity curve comparison on Summit Industrial Income REIT

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Summit Industrial Income REIT investment strategy comparison

Employed capital comparison on Summit Industrial Income REIT

Summit Industrial Income REIT investment comparison

Performance comparison on Summit Industrial Income REIT

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 1.5% 11.18C$ 746.02C$ 1.14%
Momentum 1 quarter -3.68% -37.56C$ 1021.92C$ -3.41%
Momentum 2 quarters -10.96% -81.59C$ 744.14C$ -13.05%
Non-directional 0% 0.0C$ 0.0C$ -0.0%
Annualized return comparison

Automatic investment

1.14 %

Momentum 1Q

-13.05 %

Momentum 2Q

-13.05 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Summit Industrial Income REIT:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Summit Industrial Income REIT and the other stocks. There may be false positives or some missing correlated stocks. If the price of Summit Industrial Income REIT does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Summit Industrial Income REIT
Country Canada
City Brampton
Address 75 Summerlea Road
Phone (905) 791-1181
Website www.summitIIreit.com
FullTime employees
Industry REIT—Industrial
Sector Real Estate
Exchange XTSE
Ticker SMU-UN.XTSE
Market

Summit Industrial Income REIT ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown