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.

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Granite Real Estate Investment Trust

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Post by Possibleidiot01on Jan 31, 2023 4:34am

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Post# 35255732

Andrew Moffs - BNN - BUY

BUY

The question was on both Granite REIT and Cap REIT. They are both very different companies and he likes them both. Granite REIT is in the industrial warehouse sector in Canada, the U.S. and Europe, which he's bullish on. It has good management and trades at a good discount to NAV. Cap REIT is in the multi-family sector with great assets, exposure to Ontario and Toronto and good management. There is an overhang re apartment rents which are under government discussion. There are a number of bad owners in the news but this does not apply to REIT's

property mngmnt / investment

$81.200