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 > A dollar a day brings the doctor a calling

<< Previous

Bullboard Posts

Next >>

Comment by SargeXon May 06, 2022 5:24pm

200 Views

Post# 34663570

RE:RE:RE:A dollar a day brings the doctor a calling

As mentioned, my wife & I gradually sold all our GRT throughout Feb, 2022 and were complretely out by Mar 2, Also as mentioned, I only did it because the yield had gotten under 3% and there were better stocks to own to increase our annual dividend income (result was an increase of $2960/yr).

I never ever expected GRT to get so totally hammered. It has led to a new investing rule for me - sell whenever the yield gets below 3% and buy higher yielders with the dough.

This indirectly happened to us with NPI (profit of $151.2k) & BEP.UN (profit of $140.2k). The initial main reason for selling was because pure renewables had become a total joke iwth being so over-priced and having so many problems. Coincidentally at the time, both were yielding under 3%.

I suspect GRT will bounce and for a total return investor, it definitely is in strong buy territory (we're income investors and don't really care about total return so we're not interested).

Ciao
Sarge

SargeX wrote: My wife & I are now completely out of GRT. Net result was a total profit of $86.9k. Very nice considering we first bought GRT in Jan, 2018 as a replacement for AAR.UN (Pure Industrial) which had been taken over.

As mentioned, we sold because the yield had gotten too low for us and there were better places to be. The end result of the GRT sell and its associated buys was an increase of $2960 in our annual dividend income.

We obviously loved our GRT experience but it was time to move on.

Ciao
Sarge

jcjohn36 wrote: Definitely getting hit harder than DIR AND SMU - I'm guessing a lot has to do with overall market. Chart does not look good - hesitant to add more with stock seeing lower highs and lower lows.