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 > David Baskin -BNN - BUY

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Comment by ol_grizon Sep 27, 2023 10:02am

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Post# 35656655

RE:David Baskin -BNN - BUY

That's as sensible a comment as I've heard from the BNN talking heads in a while. Question is, why does Granite lag so badly? It's not as if it's a microcap remaking lawn darts. Analysts at investment firms should be all over this if we are seeing the whole story. It's not just interest rates, as we've been dropping for quite a while. Ideas?

Possibleidiot01 wrote:
BUY

Granite REIT(GRT.UN-T)
18/09/2023

Holds a nice, diverse portfolio of industrial real estate, not office buildings or malls. Pays a good yield. Is less levered than other REITs, so it has a lot of dry powder to buy companies and less effected by higher interest rates. Trades far lower than its NAV, maybe 80%.

property mngmnt / investment

$76.250

Owned