Opinions Derek Warren
SUMMIT INDUSTRIAL INCOME REIT RCPTSSMU.UN.TOBUYMar 03, 2015
Stock price when the opinion was issued
As of Feb 21, 2023. Market Open.
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Andrew MoffsTrevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong occupancy rate at 99.2%. Owns 156 properties in Canada’s largest hubs. Strong revenue growth and net income. Supported by robust Canadian real estate. Unlock Premium - Try 5i Free
Andrew MoffsAndrew Moffs
Stockchase DiscoverAndrew MoffsFocused on Canadian industrial warehouses. It's returned to its highs. However, its valuation has gotten high, so maybe take profits and add back later. There are better values in industrial spaces, though. Look at Granite REIT. Otherwise, nothing wrong with SMU.
(A Top Pick Feb 12/19, Up 32%) Scotiabank just announced a $13.75 target. Managers own about 10% of shares. There's good industrial rent growth in Toronto and Montreal. Vacancy rates are rock-bottom low.
Jeffrey F. Olin
Buy more? He can't answer that without knowing the overall portfolio, but also look at RIOCAN REIT in the North American industrial REIT space.
Because this is a bit small as an industrial, he does not invest in this REIT. He thinks there will be good solid growth this year in the industrial market, especially in the GTA. This one has low Alberta exposure and more GTA exposure. A good place to be. He is starting to see rent growth in this market. Thinks their dividend is very safe.