Summit Industrial Income REIT
TSX:SMU.UN
Income Statement
Earnings Waterfall
Summit Industrial Income REIT
Revenue
|
241.3m
CAD
|
Cost of Revenue
|
-63m
CAD
|
Gross Profit
|
178.3m
CAD
|
Operating Expenses
|
-10.8m
CAD
|
Operating Income
|
167.5m
CAD
|
Other Expenses
|
325.1m
CAD
|
Net Income
|
492.6m
CAD
|
Income Statement
Summit Industrial Income REIT
Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2
N/A
|
3
+48%
|
5
+97%
|
10
+110%
|
16
+56%
|
22
+36%
|
26
+20%
|
28
+6%
|
29
+3%
|
29
0%
|
31
+7%
|
33
+8%
|
36
+9%
|
38
+6%
|
39
+3%
|
40
+2%
|
42
+4%
|
45
+7%
|
48
+6%
|
51
+7%
|
54
+7%
|
59
+8%
|
67
+14%
|
74
+11%
|
82
+11%
|
92
+12%
|
105
+13%
|
118
+13%
|
128
+9%
|
142
+11%
|
155
+9%
|
167
+8%
|
181
+8%
|
191
+6%
|
197
+3%
|
258
+31%
|
264
+2%
|
217
-18%
|
276
+27%
|
231
-16%
|
241
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(0)
|
(1)
|
(1)
|
(2)
|
(4)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(15)
|
(16)
|
(16)
|
(17)
|
(18)
|
(20)
|
(23)
|
(24)
|
(27)
|
(30)
|
(33)
|
(36)
|
(39)
|
(42)
|
(44)
|
(48)
|
(51)
|
(52)
|
(68)
|
(68)
|
(56)
|
(72)
|
(59)
|
(63)
|
|
Gross Profit |
2
N/A
|
2
+27%
|
4
+88%
|
8
+113%
|
12
+54%
|
17
+34%
|
20
+20%
|
20
+4%
|
21
+3%
|
21
+1%
|
22
+4%
|
24
+7%
|
25
+7%
|
27
+5%
|
27
+2%
|
27
+1%
|
29
+4%
|
30
+6%
|
32
+5%
|
35
+9%
|
37
+7%
|
41
+9%
|
47
+15%
|
52
+10%
|
58
+12%
|
65
+12%
|
74
+15%
|
84
+13%
|
92
+9%
|
103
+12%
|
113
+9%
|
123
+9%
|
133
+8%
|
140
+5%
|
145
+3%
|
190
+31%
|
196
+3%
|
161
-18%
|
205
+27%
|
171
-16%
|
178
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(5)
|
(5)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(104)
|
(8)
|
(7)
|
(8)
|
(9)
|
(17)
|
(34)
|
(32)
|
(34)
|
(26)
|
(11)
|
|
Selling, General & Administrative |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(12)
|
(13)
|
(11)
|
(13)
|
(9)
|
(10)
|
|
Other Operating Expenses |
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(1)
|
(2)
|
(3)
|
(2)
|
(98)
|
(2)
|
(1)
|
(1)
|
(1)
|
(5)
|
(21)
|
(21)
|
(21)
|
(17)
|
(1)
|
|
Operating Income |
1
N/A
|
2
+13%
|
3
+113%
|
7
+121%
|
11
+58%
|
15
+34%
|
18
+21%
|
18
0%
|
19
+3%
|
19
+2%
|
20
+6%
|
22
+10%
|
23
+7%
|
25
+5%
|
25
+2%
|
26
+3%
|
27
+4%
|
28
+6%
|
30
+5%
|
32
+9%
|
35
+7%
|
38
+9%
|
44
+15%
|
47
+7%
|
53
+13%
|
58
+9%
|
67
+16%
|
77
+15%
|
84
+8%
|
95
+13%
|
8
-91%
|
115
+1 255%
|
126
+9%
|
132
+5%
|
136
+3%
|
174
+28%
|
162
-7%
|
130
-20%
|
170
+31%
|
145
-15%
|
168
+15%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(6)
|
(7)
|
(7)
|
(7)
|
(10)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(13)
|
(14)
|
(16)
|
(17)
|
(25)
|
15
|
106
|
150
|
150
|
107
|
31
|
53
|
160
|
843
|
1 065
|
997
|
1 199
|
561
|
325
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(97)
|
(97)
|
(97)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
21
|
21
|
21
|
21
|
0
|
5
|
5
|
5
|
5
|
0
|
0
|
|
Pre-Tax Income |
0
N/A
|
1
+900%
|
2
+115%
|
5
+126%
|
8
+57%
|
10
+28%
|
12
+20%
|
11
-5%
|
11
+3%
|
11
-1%
|
12
+9%
|
16
+29%
|
17
+4%
|
18
+9%
|
18
+1%
|
16
-11%
|
18
+9%
|
19
+6%
|
20
+6%
|
23
+13%
|
24
+8%
|
27
+9%
|
31
+16%
|
33
+7%
|
37
+12%
|
41
+11%
|
42
+3%
|
(4)
N/A
|
93
N/A
|
148
+58%
|
180
+22%
|
243
+35%
|
177
-27%
|
207
+16%
|
296
+43%
|
1 022
+245%
|
1 232
+21%
|
1 132
-8%
|
1 374
+21%
|
706
-49%
|
493
-30%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(0)
|
1
|
2
|
5
|
8
|
10
|
12
|
11
|
11
|
11
|
12
|
16
|
17
|
18
|
18
|
16
|
18
|
19
|
20
|
23
|
24
|
27
|
31
|
33
|
37
|
41
|
42
|
(4)
|
93
|
148
|
180
|
243
|
177
|
207
|
296
|
1 022
|
1 232
|
1 132
|
1 374
|
706
|
493
|
|
Net Income (Common) |
1
N/A
|
9
+1 078%
|
10
+13%
|
12
+28%
|
15
+18%
|
10
-30%
|
12
+18%
|
11
-6%
|
12
+1%
|
12
-1%
|
12
+4%
|
16
+33%
|
16
+1%
|
18
+11%
|
19
+4%
|
16
-12%
|
20
+19%
|
24
+25%
|
26
+8%
|
35
+32%
|
42
+20%
|
63
+52%
|
83
+32%
|
152
+82%
|
152
+0%
|
180
+18%
|
165
-9%
|
46
-72%
|
141
+205%
|
148
+5%
|
180
+22%
|
243
+35%
|
177
-27%
|
207
+16%
|
296
+43%
|
1 022
+245%
|
1 232
+21%
|
1 132
-8%
|
1 374
+21%
|
706
-49%
|
493
-30%
|
|
EPS (Diluted) |
0.76
N/A
|
3.73
+391%
|
0.87
-77%
|
0.68
-22%
|
0.81
+19%
|
0.63
-22%
|
0.67
+6%
|
0.58
-13%
|
0.49
-16%
|
0.54
+10%
|
0.42
-22%
|
0.55
+31%
|
0.56
+2%
|
0.63
+13%
|
0.65
+3%
|
0.54
-17%
|
0.56
+4%
|
0.76
+36%
|
0.65
-14%
|
0.81
+25%
|
0.79
-2%
|
1.32
+67%
|
1.24
-6%
|
2.16
+74%
|
1.79
-17%
|
2.38
+33%
|
1.63
-32%
|
0.43
-74%
|
1.17
+172%
|
1.28
+9%
|
1.3
+2%
|
1.75
+35%
|
1.23
-30%
|
1.42
+15%
|
1.76
+24%
|
6.03
+243%
|
7.25
+20%
|
6.63
-9%
|
7.24
+9%
|
3.72
-49%
|
2.59
-30%
|