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 63.3 million square feet of leasable area. The Trust’s investment properties consist of income-producing properties, and development properties. The income-producing properties consist primarily of logistics, e-commerce and distribution warehouses, and light industrial and heavy industrial manufacturing properties. 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. 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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Comment by fatcharlieon Nov 05, 2019 11:40am

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Post# 30310594

RE:Moff's Comments

Just one small correction. Granite is moving away from their leases with Magna. There is a good mix of industrial properties in Canada, US and Europe. Gorrie is also focusing on land and warehouses near major airports which is a smart move. At the last shareholder meeting there were a large number of representatives from the big money managers and banks which means the big money is behind this REIT. Just my opinion but I think Gorrie is definitely one of the best managers in Canada in this sector by far.

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