Summit Industrial Income REIT (SMU) 2018年年度报告「TSX」.pdf

1、DELIVERING VALUETHROUGH FOCUSED GROWTH&SUSTAINABLE INCOME TO UNITHOLDERS2018 ANNUAL REPORTThe REIT is managed by Sigma Asset Management Limited,an experienced and proven team of real estate professionals responsible for a ten-year 20%compound annual return generated for investors with the former Sum

2、mit REIT.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.SUMMIT II REIT 2018 ANNUAL REPORT 1305 C.H.MEIER BOULEVARDSTRATFORD,ONTARIO TABLE OF CONTENTS2 2018 Highlights 3

3、 2018 Financial Highlights 4 Six Years of Growth and Performance 6 Message to Unitholders 10 At a Glance 12 Portfolio by Property 14 Portfolio Breakdown 15 2018 Acquisitions 16 Proven,Experienced Management Team 17 Track Record of Growth and PerformanceAcquired 24 properties totaling 4.8 MILLION SQ.

4、FT.for$578.3 million at overall cap rate of 5.4%,increasing portfolio size by 56.3%.Total NOI up59.8%on revenue increase,organic growth and strong operating performance.Completed all 2018 lease renewals with strong92.5%RETENTIONand 9.5%increase in rents(12.7%increase in GTA).Industrial occupancy str

5、ong at99.4%with average lease term of 6.2 years and contractual rent steps of 1.3%per year.FFO up61.7%on revenue growth,strong operating performance.Proactively completed 2019 renewals ONLY 2.3%OF TOTAL PORTFOLIOremains to be renewed in 2019.Same property NOI increased1.4%with Toronto and Montreal u

6、p 4.7%and 5.7%respectively.Fair value gain in the property portfolio of$143.8 MILLION or$1.85 per Unit.2019 renewals,early renewals and lease expansions generate11.9%INCREASE IN RENTS (16.1%increase in GTA).2018 HIGHLIGHTS2 DELIVERING VALUE2018 FINANCIAL HIGHLIGHTSYEAR ENDED DECEMBER 31,2018($,000 E