Investor Presentaiton
FORWARD LOOKING INFORMATION
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other person or published, in whole or in part, for any purpose. This presentation has been prepared
by Summit Industrial Income REIT (the "REIT") solely for use as a presentation. No reliance may be
placed for any purpose whatsoever on the information contained in this presentation or the
completeness or accuracy of such information. This presentation does not purport to contain all
information that you may desire and is subject to updating, revision and amendment. In furnishing
this presentation, the REIT does not undertake or agree to any obligation to provide attendees with
access to any additional information or to update this presentation or to correct any inaccuracies in,
or omissions from, this presentation which may become apparent. The information and opinions
contained in this presentation are provided as at the date of this presentation and are subject to
change without notice. No representation or warranty, express or implied, is given by or on behalf of
the REIT, its unitholders, trustees or officers nor any other person as to the accuracy or
completeness of the information or opinions contained in the presentation. This presentation and its
contents are confidential and are being supplied for informational purposes and may not be
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NON-GAAP Measures
Readers are cautioned that certain terms used in this presentation such as Funds from Operations
("FFO"), Net Operating Income ("NOI"), same property NOI ("SPNOI"), leverage ratio, debt service
coverage ratio, debt to adjusted EBITDA, available liquidity and any related per Unit amounts used
by Management to measure, compare and explain the operating results and financial performance of
the REIT do not have any standardized meaning prescribed under the International Financial
Reporting Standards ("IFRS"), which are the REIT's generally accepted accounting principles
("GAAP"), and therefore, should not be construed as alternatives to net income or cash flow from
operating activities calculated in accordance with IFRS. Such terms do not have a standardized
meaning prescribed by IFRS and the computation of these non-GAAP measures may not be
comparable to similarly titled measures presented by other publicly traded entities. Refer to Appendix
A Non-GAAP Measures in the REIT's MD&A for the three months ended March 31, 2022 for
information and reconciliations.
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2 Q1 2022 INVESTOR PRESENTATION
Caution Regarding Forward-Looking Information
This presentation contains forward-looking statements and forward-looking information within the
meaning of applicable securities laws. These statements reflect management's expectations
regarding the REIT's future growth, results of operations, performance and business prospects and
opportunities, and include, but are not limited to, statements with respect to management's beliefs,
plans, estimates and intentions and similar statements concerning anticipated future events, results,
circumstances, performance or expectations that are not historical factors. Because such forward-
looking statements reflect management's current beliefs, they are based on information currently
available to management. The use of any of the words "can", "expect", "does not expect", "budget",
"schedule", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "might", "will", "project",
"should", "believe", "plan", "intend" and similar expressions are intended to identify forward-looking
information or statements.
Although management believes that the expectations and assumptions on which such forward-
looking statements and information are based are reasonable, undue reliance should not be placed
on the forward-looking statements and information because there can be no assurance that they will
prove to be correct. By its nature, such forward-looking information is subject to various risks and
uncertainties, which could cause the actual results and expectations to differ materially from the
anticipated results or expectations expressed. These risks and uncertainties, include, but are not
limited to, risks associated with property ownership, debt financing, interest and financing costs,
capital requirements, general uninsured losses, development of real property, future property
acquisitions, environmental matters, land leases, potential conflicts of interest, governmental
regulations, the relative illiquidity of real property and taxation, reliance on key personnel, the
COVID-19 pandemic, as well as general business, economic and competitive uncertainties. Material
factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the
forward-looking statements include that the general economy remains stable; interest rates remain
relatively stable; capitalization rates remain stable; competition for acquisition of high-quality
industrial properties remains strong; and capital markets continue to provide access to capital. Given
the impact of the COVID-19 pandemic, and government measures to contain it, there is inherently
more uncertainty associated with our assumptions. Readers are cautioned not to place undue
reliance on this forward-looking information, which is given as of the date hereof, and to not use such
forward-looking information for anything other than its intended purpose. The REIT undertakes no
obligation to update publicly or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by law.
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