Summit Industrial Income REIT (SMU) 2014年年度报告「TSX」.pdf

1、GROWTH&PERFORMANCE2014 ANNUAL REPORTour STrENGTHIS ourEXPErIENCE.Summit Industrial Income Real Estate Investment Trust is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada.The REIT is managed by Sigma Asset Management Limited,co

2、mposed 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.2014 AN N UA L R EP O RT 1 TABLE OF CONTENTS 2 2014 FINANCIAL HIGHLIGHTS 3 oPErATING HIGHLIGHTS 4 BEST IN CLASS 6 MESSAGE To

3、uNITHoLDErS 10 EXECuTING our ProVEN GroWTH STrATEGY 12 SuMMIT II rEIT AT A GLANCE 14 SuMMIT II rEIT PorTFoLIo BY ProPErTY 16 ProVEN,EXPErIENCED MANAGEMENT TEAM2014 FINANCIAL HIGHLIGHTS2 S U MMIT II REITYear Ended December 31,($,000 except per Unit amounts)2014 2013Revenue 28,740 22,047 Portfolio Occ

4、upancy 100.0%98.9%Net Operating Income 21,214 16,492 FFO 12,447 9,707 FFO per Unit$0.588$0.593 AFFO 11,032 8,875 AFFO per Unit$0.521$0.543 AFFO Payout Ratio 95.8%75.2%As at December 31,2014 2013Debt to Gross Book Value 55.2%60.9%Weighted Average Mortgage Interest Rate 3.68%3.68%Weighted Average Mort

5、gage Term to Maturity 4.45 Yrs 4.95 yRS Weighted Average Remaining Lease Term 5.8 Yrs 6.0 yRSWeighted Average Units Outstanding(basic)21,164 16,356 2013 includes additional one-time,non-recurring general and administrative costs of$197,000 or$0.011 FFO per unit,in the fourth quarter relating to the

6、REITs move from the TSXV to the TSX on November 11,2013.OPERATING HIGHLIGHTS Acquired five properties totaling 593,239 sq.ft.of GLA for$47.5 million at an average cap rate of 6.66%.Completed$29.6 million of mortgage financing at an average term of seven years and average interest rate of 3.65%.Compl