TSX:GRT.UN - Post by User
Comment by
retiredcfon Apr 11, 2023 7:06am
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Post# 35387946
RE:Top Pick
RE:Top Pick TOP PICK
Granite REIT(GRT.UN-T)
10/04/2023
It trades at a 15% discount to NAV which is close to $100. Has a 99% occupancy rate and 80% of its leases in 2023 have been renewed at a 20% increase in rent. It is a high quality REIT with good real estate and industrial exposure. Besides Canada it has global exposure with the U.S. and Europe. E-commerce is coming back because on-shoring is happening now and land is needed for chip plants, EV production facilities, etc. Therefore industrial REIT's should do well. There is risk in office REIT's but Granite has only 1% exposure to office space.
Buy 11 Hold 0 Sell 0
(Analysts’ price target is $96.36)
Property Mngmnt / Investment
Robert Lauzon
$80.480
Owned