Summit Industrial Income REIT (SMU) Cut to “Sector Perform Market Weight” at National Bank Financial

Summit Industrial Income REIT (TSE:SMU) was downgraded by investment analysts at National Bank Financial from an “outperfrom under weight” rating to a “sector perform market weight” rating in a research report issued on Thursday.

Separately, Desjardins restated a “hold” rating on shares of Summit Industrial Income REIT in a report on Friday, June 15th.

Summit Industrial Income REIT (TSE:SMU) last posted its earnings results on Tuesday, May 8th. The company reported C$0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.15 by C$0.25. The business had revenue of C$21.41 million during the quarter.

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