Stock GRANITE REAL ESTATE INC
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Company Granite Real Estate Inc Nyse

Equities

CA55304X1042

Commercial REITs

End-of-day quote Nyse
Other stock markets
- USD - Intraday chart for Granite Real Estate Inc
06-06 Transcript : Granite Real Estate Investment Trust, Granite REIT Inc. - Shareholder/Analyst Call
05-23 Granite Real Estate Investment Trust's Equity Buyback announced on May 19, 2023, has expired. CI

Business Summary

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.

Sales per Business

CAD in Million2022Weight2023Weight Delta
Base Rent
82.0 %
376 82.6 % 427 82.0 % +13.57%
Property Tax Recoveries
10.1 %
48 10.6 % 53 10.1 % +9.79%
Operating Cost Recoveries
4.3 %
20 4.3 % 22 4.3 % +13.27%
Straight-line Rent Amortization
3.2 %
11 2.3 % 17 3.2 % +57.51%
Property Insurance Recoveries
1.2 %
5 1.1 % 6 1.2 % +29.09%
Tenant Incentive Amortization
-0.8 %
-4 -0.9 % -4 -0.8 % +6.12%

Sales per region

CAD in Million2022Weight2023Weight Delta
United States
56.9 %
252 55.3 % 297 56.9 % +17.79%
Canada
15.4 %
76 16.7 % 80 15.4 % +5.96%
Austria
12.2 %
60 13.1 % 64 12.2 % +7.23%
Netherlands
8.0 %
35 7.7 % 42 8.0 % +19.17%
Germany
7.4 %
32 7.0 % 39 7.4 % +21.92%

Managers

Managers TitleAgeSince
Kevan Gorrie CEO
 Chief Executive Officer 55 18-06-04
Teresa Neto DFI
 Director of Finance/CFO - 19-07-07
Michael Ramparas CIO
 Chief Investment Officer - 12-01-31
Andrea Sanelli IRC
 Investor Relations Contact - -
Bernhard Hamet LAW
 General Counsel - 15-03-31
Jon Sorg PRN
 Corporate Officer/Principal - -
Kristy Boys PRN
 Corporate Officer/Principal - 11-12-31
Tim Pickering AUD
 Comptroller/Controller/Auditor - -
Lawrence Clarfield LAW
 General Counsel - 11-12-31
Witsard Schaper PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Aladin Mawani BRD
 Director/Board Member 72 17-06-14
Sheila Murray BRD
 Director/Board Member 68 19-06-12
Emily Pang BRD
 Director/Board Member - 21-08-03
Kevan Gorrie CEO
 Chief Executive Officer 55 18-06-04
Peter Aghar BRD
 Director/Board Member 56 17-06-14
Jennnifer Warren BRD
 Director/Board Member 59 18-06-13
Remco Daal BRD
 Director/Board Member 58 17-06-14
Kelly Marshall CHM
 Chairman 58 17-06-14
Fern Grodner BRD
 Director/Board Member 70 19-06-12

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 62,762,897 62,367,491 ( 99.37 %) 0 99.37 %

Shareholders

NameEquities%Valuation
RBC Private Counsel (USA), Inc.
6.589 %
4,155,535 6.589 % 205 M $
1832 Asset Management LP
5.693 %
3,590,589 5.693 % 177 M $
BMO Bank NA (Investment Management)
5.554 %
3,502,693 5.554 % 173 M $
Fidelity Investments Canada ULC
4.675 %
2,948,181 4.675 % 146 M $
CIBC Asset Management, Inc.
4.558 %
2,874,515 4.558 % 142 M $
Vanguard Fiduciary Trust Co.
4.177 %
2,634,531 4.177 % 130 M $
Massachusetts Financial Services Co.
3.946 %
2,488,326 3.946 % 123 M $
Connor, Clark & Lunn Investment Management Ltd.
2.476 %
1,561,375 2.476 % 77 M $
AGF Investments, Inc.
2.235 %
1,409,389 2.235 % 70 M $
Mackenzie Financial Corp.
2.221 %
1,400,651 2.221 % 69 M $

Company contact information

Granite Real Estate Investment Trust

77 King Street West Suite 4010

M5K 1H1, Toronto

+647 925 7500

http://www.granitereit.com
address Granite Real Estate Inc

Group companies

NameCategory and Sector
Granite REIT Holdings LP
Logo Granite REIT Holdings LP

Granite REIT Holdings LP

Real Estate Investment TrustsFinance

Granite REIT Holdings LP operates as an open-ended and limited purpose trust company. It provides unit holders with cash flow generated by revenue it derives from the ownership of and investment in income-producing real estate properties. The company strives to maximize long term unit value through the execution of its long-term strategy of building an institutional quality and globally diversified industrial real estate business. Granite REIT Holdings was founded on December 14, 2012 and is headquartered in Toronto, Canada.

Real Estate Investment Trusts

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Commercial REITs
Industrial REITs

Sales per Business

Sales per region

Sector Industrial REITs

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