Granite Real Estate Investment Trust T.GRT.UN

A dollar a day brings the doctor a calling

[SargeX]

I'm quite suprised at the beaitng Granite is taking. Fortunately, I had decided that the yield had gotten too low and have been selling our position in chunks starting at $101.22. We've been putitng the proceeds into additional shares of many of our existing holdings. So far we've managed to sell 90% of our GRT. The net result has been an increase in annual dividend income of over $2800.

I can't see any reason why GRT is getitng hammered. Anyway have any ideas?

Ciao
  Sarge

[jcjohn36]

Definitely getting hit harder than DIR AND SMU - I'm guessing a lot has to do with overall market. Chart does not look good - hesitant to add more with stock seeing lower highs and lower lows.

[SargeX]

My wife & I are now completely out of GRT. Net result was a total profit of $86.9k. Very nice considering we first bought GRT in Jan, 2018 as a replacement for AAR.UN (Pure Industrial) which had been taken over. As mentioned, we sold because the yield had gotten too low for us and there were better places to be. The end result of the GRT sell and its associated buys was an increase of $2960

[SargeX]

As mentioned, my wife & I gradually sold all our GRT throughout Feb, 2022 and were complretely out by Mar 2, Also as mentioned, I only did it because the yield had gotten under 3% and there were better stocks to own to increase our annual dividend income (result was an increase of $2960/yr). I never ever expected GRT to get so totally hammered. It has led to a new investing rule for me - sell

[jcjohn36]

Yield 3.5% now. Time to buy.

[Red_Deer]

Hey SARGEX__If YIELD is WHAT you guys are Looking for__take a LOOK @ CHE.un__as their TurnAround SEEMS to be Starting with their Earnings Report released Yesterday Over 8 % Yield

[SargeX]

Hey Red Thanks for the suggestion but we limit our holdings to only 5 sectors (banks, midstream, utils, telcos, and REITs) and CHE doesn't fit. Also, any yield that high is a red flag to me. Ciao   Sarge

[Red_Deer]

Hey SARGE__RED is My FAV Colour__LOL !!!!! BetCha the ONLY THING We Have IN COMMON would be JUST HATING Paying MORE and MORE to TruDope each April eh !!!!!!!!!!!!!

[Ghost73patrol]

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[Ghost73patrol]

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