Granite Real Estate Investment Trust T.GRT.UN

Alternate Symbol(s): GRP.U

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.

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Granite Real Estate Investment Trust

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Comment by Mercuriuson Jun 01, 2007 9:31am

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Post# 12875980

RE: sold

Agreed, its been a dog for months, and all we have had is dilution due to acquisitions with no end in sight. Enormous quantity of sellers, that even a Casey and a RR pump couldnt overcome..... The last acquisition was announced but not explained... hard to tell what value it represents, near or long. Short term, it means dillution. They have properties that were supposed to be drilled, but no word on those for ages. Any one of the G2 employees high-school age kids could build a more professional site. hell, give me a weekend to learn flash, and Ill put one up for them... And on top of all of that, Rick Rule has not visited us in ages...