Company Granite Real Estate Investment Trust

Equities

GRT.UN

CA3874371147

Commercial REITs

Market Closed - Toronto S.E. 04:00:00 2024-03-28 pm EDT 5-day change 1st Jan Change
77.31 CAD +0.39% Intraday chart for Granite Real Estate Investment Trust +0.45% +1.35%

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
Chief Executive Officer 55 18-06-04
Director of Finance/CFO - 19-07-07
Chief Investment Officer - 12-01-31
Investor Relations Contact - -
General Counsel - 15-03-31
Corporate Officer/Principal - -
Comptroller/Controller/Auditor - 20-09-30
Treasurer - 11-12-31
Comptroller/Controller/Auditor - -
General Counsel - 11-12-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 72 17-06-14
Director/Board Member 68 19-06-12
Director/Board Member 67 11-06-29
Director/Board Member - 21-08-03
Chief Executive Officer 55 18-06-04
Director/Board Member 56 17-06-14
Director/Board Member 59 18-06-13
Director/Board Member 58 17-06-14
Chairman 58 17-06-14
Director/Board Member 70 19-06-12

Shareholders

NameEquities%Valuation
RBC Private Counsel (USA), Inc.
6.950 %
4,429,912 6.950 % 229 M $
BMO Bank NA (Investment Management)
5.494 %
3,501,974 5.494 % 181 M $
Fidelity Investments Canada ULC
5.209 %
3,320,268 5.209 % 172 M $
CIBC Asset Management, Inc.
4.906 %
3,127,302 4.906 % 162 M $
1832 Asset Management LP
4.484 %
2,858,590 4.484 % 148 M $
Vanguard Fiduciary Trust Co.
4.143 %
2,641,037 4.143 % 137 M $
Massachusetts Financial Services Co.
3.499 %
2,230,251 3.499 % 115 M $
AGF Investments, Inc.
2.602 %
1,658,587 2.602 % 86 M $
Highstreet Asset Management, Inc.
2.562 %
1,632,933 2.562 % 85 M $
Connor, Clark & Lunn Investment Management Ltd.
2.512 %
1,600,975 2.512 % 83 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
Real Estate Investment Trusts

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
77.31 CAD
Average target price
88.45 CAD
Spread / Average Target
+14.41%
Consensus

Quarterly revenue - Rate of surprise