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.

TSX:GRT.UN - Post by User

Granite Real Estate Investment Trust

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Post by retiredcfon Dec 01, 2023 7:16am

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Post# 35762852

Analyst Comment

COMMENT

Sectors that will shine if interest rates have peaked?(A Commentary)

30/11/2023

Lower interest costs will be a tailwind for everybody in real estate, but it comes down to fundamentals. Where is demand exceeding supply? Look to apartments in Alberta with no rent controls, industrial warehouse globally, manufactured housing in the US.

WEAK BUY

Granite REIT(GRT.UN-T)

30/11/2023

Successfully diversifying away from reliance on MGA. Solid management, executes well throughout the cycle. Concerns about more supply from new construction. Rent growth muted. Great option, but he owns DIR.UN instead.

Property Mngmnt / Investment

Andrew Moffs

$68.920

No

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