Granite Real Estate Investment Trust (T:GRT.UN)
Business Focus: Industrial REITs
Cloudy as of November 01, 2023
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Latest 10 SEDI filings for GRT within the last 6 months
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Company News
Nov 17, 2023 17:00 ET
Granite REIT Declares Distribution for November 2023
Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2667 per stapled unit for the month of November 2023. The distribution will be paid by Granite on Friday, December 15, 2023 to stapled unitholders of record at the close of trading on Thursday, November 30, 2023. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Wednesday, November 29, 2023, on the Toronto Stock Exchange and on the New York Stock Exchange.
Nov 08, 2023 17:00 ET
Granite Announces Third Quarter 2023 Results and a 3.125% Distribution Increase Commencing in December 2023
Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (“Granite” or the “Trust”) announced today its combined results for the three and nine month periods ended September 30, 2023 and a distribution increase of 3.125% effective with the December 2023 distribution.
Valuation Ratios
Industry
Sector
Beta
--
--
--
Price to Sales - TTM
8.65
5.77
3.24
Price to Book - most recent quarter
0.83
0.73
1.03
Price to Cash Flow per share - TTM
--
6.61
9.95
Price to Free Cash Flow per share - TTM
44.79
50.82
20.74
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 15, 2023 | 186,123 | -13,080 |
| Oct 31, 2023 | 199,203 | 4,267 |
| Oct 15, 2023 | 194,936 | 11,821 |
Business Summary
| Sector: Real Estate | Industry: Commercial REITs |
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.
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