Summit Industrial Income REIT (SMU) 2013年年度报告「TSX」.pdf

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1、SUMMIT INDUSTRIAL INCOME REIT Annual Report 2013is an unincorporated open-ended trust focused on growing and managing a portfolio of light industrial properties across Canada.Currently the REIT owns 30 properties well-located in five Canadian provinces aggregating approximately 3.3 million square fe

2、et of gross leaseable area.The REIT is managed by Sigma Asset Management Limited,composed of an experienced and proven team of real estate professionals responsible for a ten-year 20%compound annual return generated for investors with the former Summit REIT.Summit Industrial Income Real Estate Inves

3、tment TrustOperating Highlights Acquired 22 properties for$223.8 million to date at average cap rate of 6.87%Attractive financing for acquisitions Portfolio growth highly accretive to FFO&AFFO per unit Trust Units moved to TSX effective Nov.11,2013 Management fully aligned with 12%principals interes

4、tYear Ended December 31,($,000 except per Unit amounts)2013 2012Revenue 22,047 2,497Portfolio Occupancy 98.9%97.0%Net Operating Income 16,492 1,980FFO 9,744 906FFO per Unit$0.596$0.395AFFO$8,935 906AFFO per Unit$0.546$0.395AFFO Payout Ratio 74.7%-As at December 31,2013 2012Debt to Gross Book Value 6

5、0.9%47.0%Weighted Average Mortgage Interest Rate 3.68%3.89%Weighted Average Mortgage Term to Maturity 4.95 yrs 4.70 yrsWeighted Average Lease Term to Maturity 6.0 yrs 6.4 yrsWeighted Average Units Outstanding(basic)16,356 2,2942013 includes additional one-time,non-recurring general and administrativ

6、e costs of$197,000 or$0.011 FFO per unit,in the fourth quarter relating to the REITs move from the TSXV to the TSX on November 11,2013.2013 Financial Highlights1We are very pleased with our growth and progress through our first full year managing Summit IIs assets and business.We significantly expan