Top PickLast stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/rob-lauzon-s-top-picks~2664418
Rob Lauzon's Top Picks
Rob Lauzon, chief investment officer at Middlefield Capital Corporation, discusses his top picks: Medtronic, Tourmaline Oil, and Granite REIT.
Granite REIT (GRT.UN TSX)
Purchased Oct. 12, 2022 $65.50
Granite is cheap and the fundamentals are excellent. The REIT trading price has been under pressure given the negative real estate narrative in the media (office). Granite is an industrial REIT, its portfolio occupancy is 99 per cent, management expects net operating income growth of seven per cent in 2023. It has addressed lease expiries with rent uplifts of 20 per cent. Trades at 15 per cent discount to NAV and has a four per cent yield.