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SUMMIT INDUSTRIAL INCOME REIT RCPTS (SMU.UN-T)
TSE:SMU.UN
23.48
0.02
(0.09%) 1d
Financials
Technical Analysis
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5 Best Industrial REITs for CanadiansWorld markets sell on Russian aggressionThe pre-Easter rally continues on COVID-19 optimismThis summary was created by AI, based on 1 opinions in the last 12 months.
According to the experts, Summit Industrial Income REIT (SMU.UN-T) was a top pick with a 45% increase in value. The stock was traded at a 25% discount in a high-demand sector, indicating strong potential for growth. The consensus among experts is that SMU.UN-T was a valuable investment, and it outperformed expectations in the market.
$23.480
No
Acquired. Takeover validates the value that's out there today.
Trevor 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
Focused 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.
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.
SUMMIT INDUSTRIAL INCOME REIT RCPTS(SMU.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
SUMMIT INDUSTRIAL INCOME REIT RCPTS(SMU.UN-T) Frequently Asked Questions
What is SUMMIT INDUSTRIAL INCOME REIT RCPTS stock symbol?
SUMMIT INDUSTRIAL INCOME REIT RCPTS is a Canadian stock, trading under the symbol SMU.UN-T on the Toronto Stock Exchange (SMU.UN-CT). It is usually referred to as TSX:SMU.UN or SMU.UN-T
Is SUMMIT INDUSTRIAL INCOME REIT RCPTS a buy or a sell?
In the last year, 1 stock analyst published opinions about SMU.UN-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for SUMMIT INDUSTRIAL INCOME REIT RCPTS.
Is SUMMIT INDUSTRIAL INCOME REIT RCPTS a good investment or a top pick?
SUMMIT INDUSTRIAL INCOME REIT RCPTS was recommended as a Top Pick by on . Read the latest stock experts ratings for SUMMIT INDUSTRIAL INCOME REIT RCPTS.
Why is SUMMIT INDUSTRIAL INCOME REIT RCPTS stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is SUMMIT INDUSTRIAL INCOME REIT RCPTS worth watching?
1 stock analyst on Stockchase covered SUMMIT INDUSTRIAL INCOME REIT RCPTS In the last year. It is a trending stock that is worth watching.
What is SUMMIT INDUSTRIAL INCOME REIT RCPTS stock price?
On 2023-02-21, SUMMIT INDUSTRIAL INCOME REIT RCPTS (SMU.UN-T) stock closed at a price of $23.48.
Got taken out. Traded at a 25% discount in a sector that was in high demand.