Desjardins Equities Analysts Decrease Earnings Estimates for Summit Industrial Income REIT (TSE:SMU)

Summit Industrial Income REIT (TSE:SMUGet Rating) – Investment analysts at Desjardins lowered their Q2 2022 earnings per share (EPS) estimates for shares of Summit Industrial Income REIT in a note issued to investors on Wednesday, May 11th. Desjardins analyst M. Markidis now expects that the company will earn $0.18 per share for the quarter, down from their prior estimate of $0.19. Desjardins also issued estimates for Summit Industrial Income REIT’s Q3 2022 earnings at $0.18 EPS and FY2022 earnings at $0.73 EPS.

Summit Industrial Income REIT (TSE:SMUGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported C$0.73 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.55. The firm had revenue of C$41.26 million for the quarter.

The business also recently announced a monthly dividend, which was paid on Friday, May 13th. Stockholders of record on Saturday, April 30th were paid a $0.047 dividend. The ex-dividend date was Thursday, April 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of ∞.

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Earnings History and Estimates for Summit Industrial Income REIT (TSE:SMU)

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