Summit Real Estate Investment (SMU.UN-T) Stock Predictions - Stockchase
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Summit Real Estate Investment (SMU.UN-T)

ON STOCKCHASE SINCE Dec 2000

Tier 3 style real estate

investment companies/funds

Summit Real Estate Invest...

SMU.UN-T

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Summit Real Estate Investment (SMU.UN-T) SAVE Jan, 23, 2019, 3:36 am

10.09 0.07 (0.69%)

What the experts are saying about SMU.UN-T



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COMMENT

They're in the right place at the right time with a shift to industrial. Vacancy rates are at 10-year lows in eastern Canada where Summit deal. Summit will capture market rent growth as they roll their tenants over time. But there is an external management agreement that is one of the most egregious out there, so hold your nose. There will be leakage of fees paid to external managers. Summit will likely internalize the management team.

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They're in the right place at the right time with a shift to industrial. Vacancy rates are at 10-year lows in eastern Canada where Summit deal. Summit will capture market rent growth as they roll their tenants over time. But there is an external management agreement that is one of the most egregious out there, so hold your nose. There will be leakage of fees paid to external managers. Summit will likely internalize the management team.

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0 0 0 0 0
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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$8.860
Owned Owned
Unknown

HOLD

He has it on a hold. He likes it. He's cut back on his REITs to be cautious. This one is well-positioned, but its properties are in Toronto. He'd rather own a REIT in Alberta, given the oil recovery. He's cautious with this. If you own it, hold it
with a stop loss. Dividend of around 6%. Generally, he likes the residential/apartment REITs.

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He has it on a hold. He likes it. He's cut back on his REITs to be cautious. This one is well-positioned, but its properties are in Toronto. He'd rather own a REIT in Alberta, given the oil recovery. He's cautious with this. If you own it, hold it
with a stop loss. Dividend of around 6%. Generally, he likes the residential/apartment REITs.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$8.720
Owned Owned
Unknown

COMMENT

One of the smaller industrial REITs. Prefers Pure Industrial (AAR.UN-T). At the expense of retail REITs, the industrial REITs have prospered. The more that e-commerce penetration increases, the more you are going to need warehouse space to hold products. He looks for strong balance sheets and the ability to grow organically while taking advantage of some intensification development and a potential to recycle capital, and not necessarily rely on acquisitions. If this one is going to grow, they are going to need to issue equity, which can have a bit of a negative on the stock.

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One of the smaller industrial REITs. Prefers Pure Industrial (AAR.UN-T). At the expense of retail REITs, the industrial REITs have prospered. The more that e-commerce penetration increases, the more you are going to need warehouse space to hold products. He looks for strong balance sheets and the ability to grow organically while taking advantage of some intensification development and a potential to recycle capital, and not necessarily rely on acquisitions. If this one is going to grow, they are going to need to issue equity, which can have a bit of a negative on the stock.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$7.100
Owned Owned
No

COMMENT

He prefers Pure Industrial (AAR.UN-T) for industrial exposure, because he finds the management team is a bit more dynamic and fully internalized. If you own this, you are going to benefit from the industrial trend, which creates a layer of safety for the dividend.

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He prefers Pure Industrial (AAR.UN-T) for industrial exposure, because he finds the management team is a bit more dynamic and fully internalized. If you own this, you are going to benefit from the industrial trend, which creates a layer of safety for the dividend.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$6.190
Owned Owned
No

COMMENT

(Market Call Minute.) One of the cheapest industrial REITs in Canada. If you are a yield focused investor, it could be a good risk adjusted name. 

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(Market Call Minute.) One of the cheapest industrial REITs in Canada. If you are a yield focused investor, it could be a good risk adjusted name. 

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$6.320
Owned Owned
No

HOLD

He likes the industrial market.  The dividend is safe at 8.5%

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He likes the industrial market.  The dividend is safe at 8.5%

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$5.900
Owned Owned
No

BUY

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.

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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.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$29.960
Owned Owned
No

DON'T BUY

Small vehicle looking at the industrial space.  Prefers Pure Industrial REIT.

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Small vehicle looking at the industrial space.  Prefers Pure Industrial REIT.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$29.960
Owned Owned
Unknown

HOLD

Loves the industrial space.  It is easy to build it so more supply could come on line.  Properties are a little low quality, but your income is safe.

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Loves the industrial space.  It is easy to build it so more supply could come on line.  Properties are a little low quality, but your income is safe.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$29.960
Owned Owned
Unknown

COMMENT

Dream Office REIT (D.UN-T) versus Summit Industrial REIT (SMU.UN-T)? In general, he really likes the industrial space, which is going to benefit the most from the improving US economy as industry picks up. Dream would have a little bit more growth opportunity while this one is fully leased, and has a longer lease term, so you won’t see as much turnover in the short term. You want turnover in the short term. However, this has a good yield. (See Top Picks.)

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Dream Office REIT (D.UN-T) versus Summit Industrial REIT (SMU.UN-T)? In general, he really likes the industrial space, which is going to benefit the most from the improving US economy as industry picks up. Dream would have a little bit more growth opportunity while this one is fully leased, and has a longer lease term, so you won’t see as much turnover in the short term. You want turnover in the short term. However, this has a good yield. (See Top Picks.)

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$29.960
Owned Owned
Unknown

BUY

Industrial REITs are a good place to be.  Not a bad play. 

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Industrial REITs are a good place to be.  Not a bad play. 

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$29.960
Owned Owned
Unknown

COMMENT
Was just acquired and he would tender to the offer if you own, take the money, and put it into another REIT.
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Was just acquired and he would tender to the offer if you own, take the money, and put it into another REIT.
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Michael Decter

President , Lawrence Decter Inve...

Price Price
$29.600
Owned Owned
Unknown

SELL
ING Realty Investors out of Baltimore bought the units. Half went into an Australian fund and the other into a Belgium fund. A little bit left on the TSX but there's no distribution.
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ING Realty Investors out of Baltimore bought the units. Half went into an Australian fund and the other into a Belgium fund. A little bit left on the TSX but there's no distribution.
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Dennis Mitchell

Executive , Sentry Select Capita...

Price Price
$29.630
Owned Owned
No

BUY
This fund is being taken out. Recommends putting your money into a tax deferral and high yield fund.
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This fund is being taken out. Recommends putting your money into a tax deferral and high yield fund.
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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$29.830
Owned Owned
Unknown

SELL
Got bought out by the real estate division of ING (IIC-T) and paid full price which pushed the price up. Will tender his shares and wait for the cash to come.
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Got bought out by the real estate division of ING (IIC-T) and paid full price which pushed the price up. Will tender his shares and wait for the cash to come.
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$29.780
Owned Owned
Yes

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