Stock GRT.UN GRANITE REAL ESTATE INVESTMENT TRUST
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Company Granite Real Estate Investment Trust

Equities

GRT.UN

CA3874371147

Commercial REITs

Delayed Toronto S.E.
Other stock markets
 08:25:48 29/04/2024 pm IST 		5-day change 1st Jan Change
69.96 CAD +1.11% Intraday chart for Granite Real Estate Investment Trust +0.79% -8.36%
17/04 REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences MT
15/04 Granite REIT Proposing Internal Reorganization To Simplify Capital Structure MT

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.

Number of employees: 69

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 05/18/05
Teresa Neto DFI
 Director of Finance/CFO - 08/19/08
Michael Ramparas CIO
 Chief Investment Officer - 01/12/01
Andrea Sanelli IRC
 Investor Relations Contact - -
Bernhard Hamet LAW
 General Counsel - 01/15/01
Jon Sorg PRN
 Corporate Officer/Principal - -
Kristy Boys TRE
 Treasurer - 01/12/01
Tim Pickering AUD
 Comptroller/Controller/Auditor - -
Lawrence Clarfield LAW
 General Counsel - 01/12/01
Witsard Schaper PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Aladin Mawani BRD
 Director/Board Member 72 15/17/15
Sheila Murray BRD
 Director/Board Member 68 13/19/13
Gerald Miller BRD
 Director/Board Member 67 30/11/30
Emily Pang BRD
 Director/Board Member - 04/21/04
Kevan Gorrie CEO
 Chief Executive Officer 55 05/18/05
Peter Aghar BRD
 Director/Board Member 56 15/17/15
Jennnifer Warren BRD
 Director/Board Member 59 14/18/14
Remco Daal BRD
 Director/Board Member 58 15/17/15
Kelly Marshall CHM
 Chairman 58 15/17/15
Fern Grodner BRD
 Director/Board Member 70 13/19/13

Shareholders

NameEquities%Valuation
RBC Private Counsel (USA), Inc.
6.992 %
4,429,912 6.992 % 254 M $
BMO Bank NA (Investment Management)
5.527 %
3,501,974 5.527 % 200 M $
Fidelity Investments Canada ULC
5.241 %
3,320,268 5.241 % 190 M $
CIBC Asset Management, Inc.
4.936 %
3,127,302 4.936 % 179 M $
1832 Asset Management LP
4.512 %
2,858,590 4.512 % 164 M $
Vanguard Fiduciary Trust Co.
4.169 %
2,641,037 4.169 % 151 M $
Massachusetts Financial Services Co.
3.520 %
2,230,251 3.520 % 128 M $
AGF Investments, Inc.
2.618 %
1,658,587 2.618 % 95 M $
Highstreet Asset Management, Inc.
2.577 %
1,632,933 2.577 % 93 M $
Connor, Clark & Lunn Investment Management Ltd.
2.527 %
1,600,975 2.527 % 92 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 Investment Trust(GRT.UN)

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

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
69.47 CAD
Average target price
88.05 CAD
Spread / Average Target
+26.75%
Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Industrial REITs

1st Jan change Capi.
GRANITE REAL ESTATE INVESTMENT TRUST Stock Granite Real Estate Investment Trust
-8.36% 3.22B
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+23.28% 38.16B
REXFORD INDUSTRIAL REALTY, INC. Stock Rexford Industrial Realty, Inc.
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EASTGROUP PROPERTIES, INC. Stock EastGroup Properties, Inc.
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AMERICOLD REALTY TRUST, INC. Stock Americold Realty Trust, Inc.
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STAG INDUSTRIAL, INC. Stock STAG Industrial, Inc.
-11.59% 6.27B
FIRST INDUSTRIAL REALTY TRUST, INC. Stock First Industrial Realty Trust, Inc.
-12.27% 6.09B
WAREHOUSES DE PAUW SA Stock Warehouses De Pauw SA
-11.65% 5.8B
FIBRA PROLOGIS Stock FIBRA Prologis
-11.75% 5.48B
TERRENO REALTY CORPORATION Stock Terreno Realty Corporation
-12.43% 5.22B
Industrial REITs
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