Summit Real Estate Investment

SMU.UN-T

Analysis and Opinions about SMU.UN-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
February 5, 2020

(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.

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(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
BUY
December 9, 2019
He follows it as it gets interesting. It's up 35% this year with apartment holdings in Toronto and Montreal. They're hot now, getting acquisitive outside these two regions. If you don't hold REITs, this should be one of them. A top contender. A solid business.
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He follows it as it gets interesting. It's up 35% this year with apartment holdings in Toronto and Montreal. They're hot now, getting acquisitive outside these two regions. If you don't hold REITs, this should be one of them. A top contender. A solid business.
HOLD
HOLD
November 27, 2019
Solid management that has focused on industrial assets for decades. They have a strong presence in Toronto where vacancy rates are 1%. E-commerce business is accelerating their value. They just acquired an asset in Calgary, which has brought some pause to the market. He likes it and will continue to own it. It trades at a small premium to NAV, but still sees good value. (Analysts’ price target is $13.70)
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Solid management that has focused on industrial assets for decades. They have a strong presence in Toronto where vacancy rates are 1%. E-commerce business is accelerating their value. They just acquired an asset in Calgary, which has brought some pause to the market. He likes it and will continue to own it. It trades at a small premium to NAV, but still sees good value. (Analysts’ price target is $13.70)
HOLD
HOLD
October 31, 2019
Recent acquisition in Calgary. Not a huge fan of Calgary industrial market. But they needed to grow. Embedded growth will come over time. Valuation is fair. Don't sell, but don't jump in with a huge position either. Hold it, and watch the growth story play out.
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Recent acquisition in Calgary. Not a huge fan of Calgary industrial market. But they needed to grow. Embedded growth will come over time. Valuation is fair. Don't sell, but don't jump in with a huge position either. Hold it, and watch the growth story play out.
COMMENT
COMMENT
September 4, 2019

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.

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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.

COMMENT
COMMENT
August 22, 2019
It's based in Montreal and Toronto, the two-strongest markets with very few vacancies. Montreal is hot now. Management in now part of the company, no longer external. Growth will be challenged. SMU grows by buying, but these two cities are incredibly competitive, making buying hard. So SMU is shifting to development, but getting permits, etc. takes time. A great company though and should do well in a downturn given strong demand in these cities and e-commerce tailwinds.
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It's based in Montreal and Toronto, the two-strongest markets with very few vacancies. Montreal is hot now. Management in now part of the company, no longer external. Growth will be challenged. SMU grows by buying, but these two cities are incredibly competitive, making buying hard. So SMU is shifting to development, but getting permits, etc. takes time. A great company though and should do well in a downturn given strong demand in these cities and e-commerce tailwinds.
BUY WEAKNESS
BUY WEAKNESS
July 31, 2019
A very high quality holding in the industrial space. For every square foot of retail space, the industry needs three square feet of warehousing. Great management team. Focusing on Toronto. The valuation is rich -- trading 20% above book value. He would buy on weakness.
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A very high quality holding in the industrial space. For every square foot of retail space, the industry needs three square feet of warehousing. Great management team. Focusing on Toronto. The valuation is rich -- trading 20% above book value. He would buy on weakness.
BUY WEAKNESS
BUY WEAKNESS
July 23, 2019
It trades at 24 times earnings -- he prefers 15 times. It is very focused in Canada in the industrial space. Just too expensive.
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It trades at 24 times earnings -- he prefers 15 times. It is very focused in Canada in the industrial space. Just too expensive.
HOLD
HOLD
July 16, 2019
The industrial real estate space has done very well. E-commerce and changing logistics needs of customer has driven demand. He holds WPT-T instead. He would continue to hold both.
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The industrial real estate space has done very well. E-commerce and changing logistics needs of customer has driven demand. He holds WPT-T instead. He would continue to hold both.
TOP PICK
TOP PICK
February 12, 2019
Wish he had owned this much earlier. Beautiful chart and dividend over 5%. They flattened then shares started lifting when interest rates looked less hawkish. It's been doing quite well. He just bought it after the new year. (Analysts’ price target is $10.14)
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Wish he had owned this much earlier. Beautiful chart and dividend over 5%. They flattened then shares started lifting when interest rates looked less hawkish. It's been doing quite well. He just bought it after the new year. (Analysts’ price target is $10.14)
COMMENT
COMMENT
August 16, 2018

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.

HOLD
HOLD
June 22, 2018

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.

COMMENT
COMMENT
August 2, 2017

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.

COMMENT
COMMENT
February 3, 2017

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.

COMMENT
COMMENT
September 2, 2016

(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.

Showing 1 to 15 of 52 entries

Summit Real Estate Investment(SMU.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 7

Stockchase rating for Summit Real Estate Investment is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Summit Real Estate Investment(SMU.UN-T) Frequently Asked Questions

What is Summit Real Estate Investment stock symbol?

Summit Real Estate Investment 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 Real Estate Investment a buy or a sell?

In the last year, 7 stock analysts published opinions about SMU.UN-T. 4 analysts recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Summit Real Estate Investment.

Is Summit Real Estate Investment a good investment or a top pick?

Summit Real Estate Investment was recommended as a Top Pick by Mike S. Newton, CIM FCSI on 2020-02-05. Read the latest stock experts ratings for Summit Real Estate Investment.

Why is Summit Real Estate Investment 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 Real Estate Investment worth watching?

7 stock analysts on Stockchase covered Summit Real Estate Investment In the last year. It is a trending stock that is worth watching.

What is Summit Real Estate Investment stock price?

On 2020-04-08, Summit Real Estate Investment (SMU.UN-T) stock closed at a price of $10.31.