Granite Real Estate Investment Trust

GRT.UN

CA3874371147

Commercial REITs

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-05-24 EDT			5-day change	1st Jan Change
68.03 ^CAD	-1.12%		-3.50%	-10.82%

05-22	Granite REIT Renews Normal Course Issuer Bid	MT
05-22	Granite REIT Brief: Announcing Renewal of Normal Course Issuer Bid	MT

Granite Real Estate Investment Trust (TSX:GRT.UN) acquired Two income-producing properties in the United States for $99.7 million.

May 07, 2024

Granite Real Estate Investment Trust (TSX:GRT.UN) acquired Two income-producing properties in the United States for $99.7 million for Q1, 2023.

Granite Real Estate Investment Trust (TSX:GRT.UN) completed the acquisition of Two income-producing properties in the United States Q1, 2023.

Latest news about Granite Real Estate Investment Trust

Granite REIT Renews Normal Course Issuer Bid	05-22	MT
Granite REIT Brief: Announcing Renewal of Normal Course Issuer Bid	05-22	MT
Granite Real Estate Investment Trust Declares Distribution for May 2024, Payable on June 14, 2024	05-17	CI
Transcript : Granite Real Estate Investment Trust, Q1 2024 Earnings Call, May 09, 2024	05-09
Granite Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2024	05-08	CI
Granite REIT Brief: Net operating income $114.5 million in the first quarter of 2024 compared to $107.4 million in the prior year period	05-08	MT
Granite Real Estate Investment Trust (TSX:GRT.UN) acquired Two income-producing properties in the United States for $99.7 million.	05-07	CI
Granite Real Estate Investment Trust Declares Distribution for April 2024, Payable on May 15, 2024	04-17	CI
REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences	04-17	MT
Granite REIT Proposing Internal Reorganization To Simplify Capital Structure	04-15	MT
Granite REIT Brief: Announcing Proposal to Unwind Stapled Unit Structure	04-15	MT
RBC Capital Markets Says Outperform Ratings For Canadian REITs Still Intact	03-20	MT
Granite Real Estate Investment Trust Declares Distribution for March 2024, Payable on April 15, 2024	03-15	CI
Granite REIT Price Target Raised to $84 at BMO	03-04	MT
RBC Raises Granite REIT's Target to $89, Maintains Outperform, After "Decent" Q4, Outlook	03-01	MT
RBC Reviews Granite REUT's Q4	02-29	MT
Transcript : Granite Real Estate Investment Trust, Q4 2023 Earnings Call, Feb 29, 2024	02-29
Tranche Update on Granite Real Estate Investment Trust (TSX:GRT.UN)'s Equity Buyback Plan announced on May 19, 2023.	02-28	CI
Granite REIT Brief: Net operating income was $110.0 million in the fourth quarter of 2023 compared to $102.4 million in the prior year period	02-28	MT
Granite Real Estate Investment Trust Announces Board Changes	02-28	CI
Granite Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	02-28	CI
CAPREIT Brief: Q4 FFO per unit Diluted $0.602	02-22	MT
Granite Real Estate Investment Trust Declares Distribution for the Month of February 2024, Payable on March 15, 2024	02-16	CI
National Bank Raises Price Targets for Real Estate Firms, Provides Preview	01-30	MT
Granite Real Estate Investment Trust Declares Distribution for January 2024, Payable on February 15, 2024	01-17	CI

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Company Profile

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.

Sector

Commercial REITs

Calendar

2024-06-06 - Annual General Meeting

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Income Statement Evolution

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Ratings for Granite Real Estate Investment Trust

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

68.8 CAD

Average target price

87.4 CAD

Spread / Average Target

+27.03%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

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