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 > David Baskin - BNN - TOP PICK

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Post by Possibleidiot01on Nov 14, 2023 7:45pm

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Post# 35735775

David Baskin - BNN - TOP PICK

Granite Real Estate Investment Trust (GRT.UN TSX)

Granite REIT is an industrial REIT with a well-located portfolio of modern properties in North America and Europe. Despite a weak real estate market, rents for desirable industrial space are still rising with Granite obtaining 14 per cent rent lifts on 2024 renewals. With Granite having abnormally low leverage for a REIT of 32 per cent and shares trading at a 25 per cent NAV discount, we think shares are attractively valued.

TOP PICK

Is selling at 75% of the NAV of the real estate. Also debt is 30% of its NAV, half of its peers. They can buy new buildings. They're in industrial real estate which remains in high demand.

(Analysts’ price target is $88.32)

property mngmnt / investment

$66.970