Granite Real Estate Investment Trust GRP.U

Primary Symbol: T.GRT.UN

Granite Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust. The Trust is engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. The Trust owns 143 investment properties representing approximately 62.9 million square feet of leasable area. The Trust has approximately 38 industrial properties in Canada, 66 in the United States, 16 in the Netherlands, 14 in Germany and nine in Australia. The Trust's investment properties consist of income-producing properties, properties under development and land held for development. The income producing properties consist primarily of logistics, e-commerce and distribution warehouses, and light industrial and heavy industrial manufacturing properties. All of its income-producing properties are for industrial use and can be categorized as distribution/e-commerce, industrial/warehouse, flex/office or special purpose properties.

TSX:GRT.UN - Post by User

Granite Real Estate Investment Trust

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Post by retiredcfon Jun 23, 2024 2:28pm

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Post# 36102366

Takeover Potential

Do you feel Granite REITs recent weakness and drop to the mid 60s makes it a desirable takeover target. There aren’t many Canadian Industrial REITs remaining after the takeovers of Summit and WPT. Would appreciate your thoughts.

Yes; at 12X cash flow another party may find it attractive. Though with Magna as the main client, it is not as sexy as other industrial REITs, many of which are tied to the growth of the data centre industry and AI. But control of GRT is in the market, and as rates move lower it may become more attractive. (5iResearch)

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