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Summit Industrial Income REIT

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uuid003nh3g

Namestring
Summit Industrial Income REIT
Legal namestring
Summit Industrial Income REIT
Websiteurl
summitiireit.com
Company typeenum
Public
Founded yearint
1996
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersBrampton, Canada
HQ citystring
Brampton
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
light industrial real estate, commercial property leasing, real estate investment trust, industrial property management, warehouse distribution facilities
Industry2 codes
1REITs & Listed Real Estate Securities
CodeFSAAAKADPrimaryYes
2Core Real Estate (Stabilized/Core-Plus)
CodeFSAAAKAAPrimaryNo
NAICS code1 code
  • Open-End Investment Funds525910
SIC code1 code
  • Real Estate Investment Trusts6798
Product category
Industrial Real Estate / REIT
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Rental Income from Industrial Properties
TypeSubscription Recurring
Description

The REIT generates revenue through rental income from its portfolio of light industrial properties across Canada. Properties are leased to tenants for warehousing, storage, light assembly, shipping, call centers, technical support, and professional services. Revenue is maximized through rental rate optimization and tenant retention.

summitiireit.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Supply Chain, Others, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Open-ended mutual fund real estate investment trust that owns and manages a portfolio of 110 light industrial properties across five Canadian provinces, including one-story warehouses, distribution warehouses, freezer/cooler warehouses, and manufacturing facilities. The REIT generates revenue by leasing these modern, strategically located properties to enterprise tenants for warehousing, storage, light assembly, shipping, call centers, technical support, and professional services. It seeks to maximize funds from operations through effective property management, accretive acquisitions, innovative financings and selective property development opportunities.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Summit Industrial Income REIT is an open-ended mutual fund real estate investment trust that operates as a single unified product—managing a portfolio of 110 light industrial properties across five Canadian provinces. The company's core offering centers on providing modern, efficient, high-quality industrial properties in strategic locations near major transportation links and high-growth population centers. Their portfolio includes one-story warehouses, distribution warehouses, freezer/cooler facilities, and manufacturing spaces, with the company focusing on maximizing funds from operations through effective property management, accretive acquisitions, innovative financings, and selective property development. There are no separate modules or sub-products—the REIT functions as a consolidated property management and investment vehicle rather than a platform with distinct product lines.

Product and service1 record
1Light Industrial Properties Portfolio
CategoryLight Industrial Real Estate
Description

Portfolio of 110 light industrial properties across Canada (67 in Ontario, 28 in Quebec, 12 in Alberta, 2 in British Columbia, and 1 in New Brunswick), comprising one-story warehouses, distribution warehouses, freezer/cooler warehouses, and manufacturing facilities leased to enterprise tenants in warehousing, storage, light assembly, shipping, call centers, technical support, and professional services.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Prologis
TypeBroad incumbent
Description

Global largest industrial REIT with substantial Canadian operations. Sets the global benchmark for logistics/light industrial rents and is a competitor for cross-border tenants operating in Canada.

2RioCan REIT
TypeBroad incumbent
Description

One of Canada's largest REITs with a meaningful industrial component alongside its retail focus. Competes for industrial acquisitions and Canadian capital.

3Brookfield Property Group
TypeBroad incumbent
Description

Global real estate operator and one of the largest industrial landlords worldwide. Sets the pricing benchmark for Canadian industrial acquisitions and has acquired multiple Canadian industrial platforms (including Westmont).

4Choice Properties REIT
TypeBroad incumbent
Description

Canadian diversified REIT (sponsored by Loblaw) with industrial exposure. Competes for industrial tenants and capital in major Canadian markets.

5Dream Industrial REIT
TypeDirect peer
Description

Direct Canadian light industrial REIT peer. Owns and operates a portfolio of light industrial properties across Canada and Europe, competing head-to-head with Summit for tenants, acquisitions, and capital.

6Granite REIT
TypeDirect peer
Description

Canadian-domiciled industrial REIT with significant Canadian and US logistics/industrial assets. Direct comparable on tenant base, property type, and acquisition strategy.

7Pure Industrial Real Estate Trust
TypeDirect peer
Description

Canadian pure-play industrial REIT that owned a portfolio of light industrial and logistics properties across Canada (acquired by Blackstone in 2018). Direct precedent for the Canadian light industrial REIT model.

8Artis REIT
TypeBroad incumbent
Description

Canadian diversified REIT with industrial, office, and retail exposure across Canada and the US. Competes for capital and acquisitions within the Canadian industrial landscape.

9WPT Industrial REIT
TypeDirect peer
Description

Canadian-headquartered industrial REIT focused on light industrial and distribution properties in Canada and the US (acquired by Blackstone in 2024). Closest historical peer in size and strategy.

10Morguard REIT
TypeBroad incumbent
Description

Canadian diversified REIT with a mix of office, retail, and industrial assets. Competes in the Canadian institutional capital pool and for industrial tenants in major markets.

Market position
Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers20 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Summit Industrial Income REIT

Industrial Real Estate / REITsummitiireit.com

Summit Industrial Income REIT firmographics

Firmographics
Name
Summit Industrial Income REIT
Legal name
Summit Industrial Income REIT
Website
https://summitiireit.com
Company type
Public
Founded year
1996
Operating status
Operating
Headcount range
501–1,000 employees
Ownership category
akta.pro rank

Summit Industrial Income REIT industry classification

Industry
Product category
Industrial Real Estate / REIT
NAICS
Open-End Investment Funds (525910)
SIC
Real Estate Investment Trusts (6798)
akta.pro primary industry
REITs & Listed Real Estate Securities (FSAAAKAD)
akta.pro secondary industry
Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

  • Light industrial real estate
  • Commercial property leasing
  • Real estate investment trust
  • Industrial property management
  • Warehouse distribution facilities

Where Summit Industrial Income REIT is headquartered

Location

Headquarters

HQ city
Brampton
HQ country
Canada
HQ region
North America

Offices2 records

Markets served

Summit Industrial Income REIT business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Personnel, Supply Chain, Others, Infrastructure

Revenue model

  1. Rental Income from Industrial Properties: The REIT generates revenue through rental income from its portfolio of light industrial properties across Canada. Properties are leased to tenants for warehousing, storage, light assembly, shipping, call centers, technical support, and professional services. Revenue is maximized through rental rate optimization and tenant retention.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Summit Industrial Income REIT product offering

Product offering

Core offering

Open-ended mutual fund real estate investment trust that owns and manages a portfolio of 110 light industrial properties across five Canadian provinces, including one-story warehouses, distribution warehouses, freezer/cooler warehouses, and manufacturing facilities. The REIT generates revenue by leasing these modern, strategically located properties to enterprise tenants for warehousing, storage, light assembly, shipping, call centers, technical support, and professional services. It seeks to maximize funds from operations through effective property management, accretive acquisitions, innovative financings and selective property development opportunities.

Product overview

Summit Industrial Income REIT is an open-ended mutual fund real estate investment trust that operates as a single unified product—managing a portfolio of 110 light industrial properties across five Canadian provinces. The company's core offering centers on providing modern, efficient, high-quality industrial properties in strategic locations near major transportation links and high-growth population centers. Their portfolio includes one-story warehouses, distribution warehouses, freezer/cooler facilities, and manufacturing spaces, with the company focusing on maximizing funds from operations through effective property management, accretive acquisitions, innovative financings, and selective property development. There are no separate modules or sub-products—the REIT functions as a consolidated property management and investment vehicle rather than a platform with distinct product lines.

Differentiator

Problem solved

Functional benefit

Products and services

  • Light Industrial Properties Portfolio Portfolio of 110 light industrial properties across Canada (67 in Ontario, 28 in Quebec, 12 in Alberta, 2 in British Columbia, and 1 in New Brunswick), comprising one-story warehouses, distribution warehouses, freezer/cooler warehouses, and manufacturing facilities leased to enterprise tenants in warehousing, storage, light assembly, shipping, call centers, technical support, and professional services.

Companies that use Summit Industrial Income REIT

Customer profile

Named customers20 records

Segments1 record

Ideal customer profiles1 record

Summit Industrial Income REIT technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Summit Industrial Income REIT partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Summit Industrial Income REIT competitors and assessment

Company assessment

Broad incumbents

  • Prologis: Global largest industrial REIT with substantial Canadian operations. Sets the global benchmark for logistics/light industrial rents and is a competitor for cross-border tenants operating in Canada.
  • RioCan REIT: One of Canada's largest REITs with a meaningful industrial component alongside its retail focus. Competes for industrial acquisitions and Canadian capital.
  • Brookfield Property Group: Global real estate operator and one of the largest industrial landlords worldwide. Sets the pricing benchmark for Canadian industrial acquisitions and has acquired multiple Canadian industrial platforms (including Westmont).
  • Choice Properties REIT: Canadian diversified REIT (sponsored by Loblaw) with industrial exposure. Competes for industrial tenants and capital in major Canadian markets.
  • Artis REIT: Canadian diversified REIT with industrial, office, and retail exposure across Canada and the US. Competes for capital and acquisitions within the Canadian industrial landscape.
  • Morguard REIT: Canadian diversified REIT with a mix of office, retail, and industrial assets. Competes in the Canadian institutional capital pool and for industrial tenants in major markets.

Direct peers

  • Dream Industrial REIT: Direct Canadian light industrial REIT peer. Owns and operates a portfolio of light industrial properties across Canada and Europe, competing head-to-head with Summit for tenants, acquisitions, and capital.
  • Granite REIT: Canadian-domiciled industrial REIT with significant Canadian and US logistics/industrial assets. Direct comparable on tenant base, property type, and acquisition strategy.
  • Pure Industrial Real Estate Trust: Canadian pure-play industrial REIT that owned a portfolio of light industrial and logistics properties across Canada (acquired by Blackstone in 2018). Direct precedent for the Canadian light industrial REIT model.
  • WPT Industrial REIT: Canadian-headquartered industrial REIT focused on light industrial and distribution properties in Canada and the US (acquired by Blackstone in 2024). Closest historical peer in size and strategy.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Summit Industrial Income REIT social profiles

Digital presence

Summit Industrial Income REIT financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Summit Industrial Income REIT leadership team

Management profile

Number of profiles

Profiles5 records

Summit Industrial Income REIT funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Summit Industrial Income REIT M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Summit Industrial Income REIT

What does Summit Industrial Income REIT do?

Open-ended mutual fund real estate investment trust that owns and manages a portfolio of 110 light industrial properties across five Canadian provinces, including one-story warehouses, distribution warehouses, freezer/cooler warehouses, and manufacturing facilities. The REIT generates revenue by leasing these modern, strategically located properties to enterprise tenants for warehousing, storage, light assembly, shipping, call centers, technical support, and professional services. It seeks to maximize funds from operations through effective property management, accretive acquisitions, innovative financings and selective property development opportunities.

Is Summit Industrial Income REIT a public or private company?

Summit Industrial Income REIT is a public company. It is classified as public and is currently operating.

When was Summit Industrial Income REIT founded?

Summit Industrial Income REIT was founded in 1996. It employs 501 to 1,000 people.

Where is Summit Industrial Income REIT based?

Summit Industrial Income REIT is headquartered in Brampton, Canada, in the North America region.

How does Summit Industrial Income REIT make money?

One revenue line is on record: rental Income from Industrial Properties.

Who are Summit Industrial Income REIT's main competitors?

Broad incumbents on record are Prologis, RioCan REIT, Brookfield Property Group, Choice Properties REIT, Artis REIT and Morguard REIT. Direct peers are Dream Industrial REIT, Granite REIT, Pure Industrial Real Estate Trust and WPT Industrial REIT.

Does Summit Industrial Income REIT have an API?

No public API is recorded for Summit Industrial Income REIT.

What industry is Summit Industrial Income REIT in?

Summit Industrial Income REIT's product category is Industrial Real Estate / REIT. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of FSAAAKAA, Core Real Estate (Stabilized/Core-Plus). Its NAICS code is 525910 and its SIC code is 6798.

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Live signals
Markets DailySummit Industrial Income REIT (OTCMKTS:SMMCF) vs. American Assets Trust (NYSE:AAT) Financial AnalysisThis article is a comparative financial analysis of two real estate investment trusts, Summit Industrial Income REIT and American Assets Trust, examining metrics such as institutional ownership, profitability, dividends, analyst ratings, and valuation. American Assets Trust outperforms Summit Industrial Income REIT on 11 of 13 compared factors, with a higher dividend yield of 6.0% versus 1.2% and consecutive years of dividend growth. However, American Assets Trust pays out 469% of earnings as dividends, suggesting potential sustainability concerns, while Summit Industrial Income REIT trades at a more affordable price-to-earnings ratio of 29.50 versus 78.79.GicGIC and Dream Industrial REIT Complete Acquisition of Summit Industrial Income REITGIC and Dream Industrial REIT completed the acquisition of Summit Industrial Income REIT through a joint venture valued at C$5.9 billion, including the assumption of certain debt. The transaction involved an all-cash payment of C$23.50 per unit to unitholders, resulting in the delisting of Summit from the Toronto Stock Exchange. GIC holds a 90% stake in the purchasing entity while Dream Industrial REIT holds 10%, with Dream Unlimited Corporation serving as the asset manager.GlobeNewswireSummit Industrial Income REIT Announces $200 Million Equity Offering and Update on Near-Term AcquisitionsSummit Industrial Income REIT announced a $200 million equity offering of 9,030,000 units at $22.15 each, with an over-allotment option. Proceeds will fund a 50% joint venture, a $25 million Vaughan acquisition, a $39 million Pointe-Claire expansion, and potential GTA acquisitions totaling about $95 million, plus repay $110 million in credit facilities.GlobeNewswireSummit Industrial Income REIT Announces $126 MillionSummit Industrial Income REIT agreed to buy two Calgary logistics centres totaling 725,000 square feet for $126 million, expected to close in Q4 2021. The deal is funded by a $110 million equity offering and cash, yielding a stabilized cap rate of about 4.3%. The offering is not conditional on the acquisition.GlobeNewswireSummit Industrial Income REIT – Announces C$170 Million Bought Deal FinancingSummit Industrial Income REIT announced a C$170 million bought deal financing, selling 12,455,000 units at $13.65 each. The offering, expected to close on November 17, 2020, will repay indebtedness and fund acquisitions. The REIT intends to use net proceeds for these purposes.GlobeNewswireSummit Industrial Income REIT– Announces C$150 Million Bought Deal FinancingSummit Industrial Income REIT announced a C$150 million bought deal financing with underwriters led by BMO Capital Markets, selling 12.5 million units at $12 each. The offering, expected to close August 27, 2020, will repay indebtedness and fund acquisitions. It is subject to TSE approval and a prospectus supplement filing.GlobeNewswireSummit Industrial Income REIT– Announces C$130 Million Bought Deal FinancingSummit Industrial Income REIT announced a C$130 million bought deal financing, selling 10.4 million units at $12.50 each. The offering, led by BMO Capital Markets, is expected to close on June 12, 2019, with proceeds to repay debt and fund acquisitions.GlobeNewswireSummit Industrial Income REIT Announces Increase to Previously Announced Equity Offering to $125 MillionSummit Industrial Income REIT increased its equity offering to 13,450,000 units at $9.30 each, raising approximately $125 million. The offering includes an over-allotment option and is expected to close on December 10, 2018. Proceeds will fund the acquisition of its Acquisition Portfolio and debt repayment.GlobeNewswireSummit Industrial Income REIT Announces Significant Portfolio Growth and $110 Million Equity OfferingSummit Industrial Income REIT agreed to acquire 11 light industrial properties for about $233.5 million, financed by assumed mortgages, cash, and $110 million from a bought-deal equity offering. The properties are 98% occupied with a weighted average lease term of 4.5 years, and closing is expected by December 2018.GlobeNewswireIIROC Trading HaltIIROC halted trading in Summit Industrial Income REIT units (SMU.UN) on June 6, 2018, pending news. The halt was implemented to ensure a fair and orderly market, and IIROC stated it could not provide additional information.