Rob Lauzon DetailsFirst stock in the clip. As can be seen, he most recently purchased the company for $2.50 more than its current price. GLTA
https://www.bnnbloomberg.ca/video/rob-lauzon-s-top-picks~2518843
Granite REIT (GRT.UN TSX)
August 2022 $79.60
Demand for industrial real estate is intact. Seeing new demand from on shoring, retailers holding more contingency inventory and third-party logistics (FedEx). Valuation is very attractive as net asset value is $95.00. Balance Sheet is amongst the cleanest of Canadian REITs, with 28 per cent leverage and a low dividend payout ratio (room to grow dividends). Attractive asset mix and great locations – GTA, U.S. hub cities (Cincinatti, Savannah Georgia, Dallas); Netherlands and Germany. Focused on modern facilities fit for e-commerce and modern logistics.
TOP PICK
Granite REIT(GRT.UN-T)
11/09/2022 at 08:00pm
The stock is down too much, pays a 4% dividend and should grow 15 to 20% in the next 12 months. It is an opportunity to invest in Europe since it has some European industrial exposure and it can borrow more cheaply there. It is still growing and has contracts indexed to inflation. Buy 11, Hold 0, Sell 0 (Analysts’ price target is $97.00)
PROPERTY MNGMNT / INVESTMENT
Robert Lauzon
$77.190
Owned