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 > BMO

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Comment by retiredcfon Feb 13, 2023 9:59am

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Post# 35282878

RE:BMO

More details. GLTA

“Our positive stance reflects GRT’s positioning as a modern and global industrial real estate business, solid near-term earnings growth potential, and strong balance sheet. The REIT’s weighting to Magna is still significant; however, the recent early renewal at Graz, which extended the lease maturities to 2034, has alleviated concerns,” he said.

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