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 62.9 million square feet of leasable area. 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. The Trust's investment properties consist of income-producing properties, properties under development and land held for development. The income producing properties consist primarily of logistics, e-commerce and distribution warehouses, and light industrial and heavy industrial manufacturing properties. 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 > SP Decline

<< Previous

Bullboard Posts

Next >>

Post by retiredcfon Apr 18, 2024 9:33am

93 Views

Post# 35995618

SP Decline

What is the reason for the price drop today and recently? Is it a buy at this price?

GRT.UN has proposed a corporate reorganization to unwind its stapled unit structure. This was set up to better utilize its tax losses, but these have now been mostly utilized. We would consider the move a net positive for the company but not dramatically so. But this news was out several days ago, and the only news yesterday was the declaration of its regular distribution. But it has been a bad market week with concerns about interest rates not dropping as soon as expected. We would still see it as a decent BUY for income investors. (5iResearch)

<< Previous

Bullboard Posts

Next >>

Critical raw materials pioneer drives Europe’s clean energy transition