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 > Daily Buy/Sell Adviser

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Comment by SargeXon Jan 06, 2021 5:59pm

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Post# 32238581

RE:RE:Daily Buy/Sell Adviser

Hey Griz

Interesting comment on being range bound. I'm actually pleased as punch with GRT. It and NWH are my two favourite REITs.

I'm not too sure what you're expecting but GRT was $65.98 on Jan 1,2020 and is now $77.99. That represents an 18.2% increase in share price alone in the last year (and with Covid to boot). Toss in the divy and that seems quite remarkable to me for a REIT.

I would generally only buy a REIT for income. Any capital appreciation.to me is just a bonus.

It sure is interesting what other people's expectations are and if your handle of ol_griz means your a bit of an old timer (> 60), it's even more remarkable.

I definitely always say::"Each to his own"

Ciao
(Old) Sarge

ol_griz wrote: So what has been hitting us the last few days? I have been expecting a move up
but now we are looking rangebound since the summer and I don't know why. This looks to be one of the safest stocks with great prospects and evident execution. What gives?

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