Summit Industrial Income REIT (SMU) 2016年年度报告「TSX」.pdf

1、STABLE,SUSTAINABLE GROWTHSUMMIT INDUSTRIAL INCOME REIT 2016 ANNUAL REPORTSummit 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 Li

2、mited,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.TABLE OF CONTENTS 2 Operating Highlights 3 Financial Highlights 4 A Proven Three-Part Growth Strategy 6 Message to Unitholders 10

3、 At a Glance 12 Recent Acquisitions 14 Portfolio by Property 16 Proven,Experienced Management Team2 0 1 6 A NNUA L R EPOR T 11 5 6 0 0 R O B I N S H I L L R OA D LO N D O N,O N TA R I O2 S U MMI T I I R E I T2016 FINANCIAL HIGHLIGHTS Acquired seven income-producing properties totaling 763,898 sq.ft.

4、for$80.9 million at average cap rate of 7.05%.Entered into first value-add transaction with acquisition of a 50%interest in 156,925 sq.ft.Montreal property.Property has been leased for a 15 year term commencing February,2017.Portfolio growth generated 17.1%increase in revenues.FFO up 15.6%due to rev

5、enue growth and strong operating performance.Fourth quarter FFO up 27.5%.Growth accretive as FFO per Unit up 2.9%despite 12.4%increase in Units outstanding.Strong 82.6%FFO payout ratio 69.1%with DRIP benefit.Completed successful$34.2 million bought-deal equity offering in June.Year-end occupancy str

6、ong at 98.9%with 5.4 year average lease term and 1.7%annual contractual rent increases.Obtained$20.4 million in new mortgage financings at average 3.2%fixed interest rate for average eight year term to maturity.Manager and Insiders interest remains strongly aligned with Unitholders through 12.9%insi