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Bullboard - Stock Discussion Forum 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.

OTCPK:SMMCF - Post Discussion

Summit Industrial Income REIT Unit > A takeover is not likely
View:
Post by materialsgirl on Aug 10, 2021 9:32pm

A takeover is not likely

The price has risen too much over the theoretical NAV.

Thw offer would need to be $24 in order to ensnare 
investors to sell.
I doubt that this will happen

mat
Comment by maypeters on Aug 12, 2021 9:37am
need some pension fund to throw money around
Comment by Kylemcc10 on Aug 14, 2021 5:29pm
Geeze I remember buying this thing at 12.50 and it was over book at the time. Just letting it run. How high can this thing go? Lol I know through work industrial space is booming but still surprised. Anybody own Dream Industrial or WPT before the buyout? 
Comment by maypeters on Aug 15, 2021 8:17pm
It is just a hot sector with limited supply and lot of demand. Look at the spreads on new leasing.  Dream Industrial is my largest holding. Own WPT also but sold out half at 21.85 and selling out rest shortly if someone buys out.  Also have Granite REIT and Prologis and STOR. 
Comment by Kylemcc10 on Aug 21, 2021 12:18am
Nice. Leaving summit to run in the tfsa. Looking at Dream for rrsp 
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