Summit Industrial Income REIT Unit SMMCF

Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.

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Summit Industrial Income REIT Unit > powering to a new high - $16.70

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Comment by maypeterson Jul 03, 2021 12:50pm

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Post# 33489687

RE:RE:powering to a new high - $16.70

Mat is corrrect even though stranger things have happened. The chances are very slim. I always thought that SMU management would sell out but that was when the stock was trading significantly lower.

SMU has the most assets in the GTA. If the recent GTA portfolio sale of a fellow REIT is any indication (sale at 36% over book value) then a lot of these REITs justify the premium.

Hard to see anyone offer 50% over book value unless its a pension plan which really wants the assets.

materialsgirl wrote: There will never be a buyout of SMU.un
It is officially trading at a 20% premium to NAV

A buyout offer would need to be at least a
25% premium to the trading price.

It is unlikely to happen

mat