Summit Industrialome REIT (TSX:SMU.UN) Buildings And Improvements : C$0.0 Mil (As of Dec. 2022)

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What is Summit Industrialome REIT Buildings And Improvements?

Summit Industrialome REIT Buildings And Improvements Historical Data

The historical data trend for Summit Industrialome REIT's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Summit Industrialome REIT Buildings And Improvements Chart

Summit Industrialome REIT Annual Data

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Buildings And Improvements

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Summit Industrialome REIT Quarterly Data
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Summit Industrialome REIT Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.

Summit Industrialome REIT (TSX:SMU.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Industrial Income REIT (TSX:SMU.UN) » Definitions » Buildings And Improvements

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Address

22 St. Clair Avenue East, Suite 700, Toronto, ON, CAN, M4T 2S5

Website

https://www.choicereit.ca

Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.

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