1、ACCELERATINGGROWTH2017 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 Limited,an experienced and proven team
2、of real estate professionals responsible for a ten-year 20%compound annual return generated for investors with the former Summit REIT.SUMMIT II REIT 2017 ANNUAL REPORT 1 TABLE OF CONTENTS 2 2017 Highlights 3 2017 Financial Highlights 4 5 Years of Growth and Performance 6 Message to Unitholders 10 At
3、 a Glance 12 Diversifying our Asset Base 14 Portfolio by Property 16 Proven,Experienced Management Team 17 Five Year Financial Performance/Acquired interests in 30 light industrial properties and one data centre totalling 3.6 million sq.ft.for acquisition costs of$409.5 million at an average cap rat
4、e of 6.2%./Acquisitions program highly successful,increasing portfolio size by 69.2%./Completed three successful bought-deal equity offerings for total gross proceeds of$218.5 million./Obtained$209.1 million in new debt financings at an average 3.35%fixed interest rate with five-year term to maturit
5、y./Strengthened and diversified portfolio with entry into high-yield data centre market through new joint venture partnership with Canadas most experienced developer,and manager of data centre properties./Revenues up 30.3%on acquisitions and solid organic growth,driving 37.3%increase in FFO./Industr
6、ial occupancy strong at 98.4%with a 5.8 year weighted average lease term and 1.5%annual contractual rent increases./Manager and Insider interests remain strongly aligned with Unitholders through 8.3%ownership of REIT Units outstanding.2017 HIGHLIGHTS4 ACCELERATING GROWTH3700 AVENUE DES GRANDES TOURE