| Granite REIT: Pricing In Too Much Risk, Not Enough Resilience |
Granite REIT's recent share price decline is overdone, presenting a buying opportunity with an attractive relative valuation and a well-covered 5.14% dividend yield. Granite's conservative debt levels, strong tenant roster, and long lease terms provide resilience against tariff impacts and economic uncertainty. The REIT's active share repurchase program signals management's confidence in its valuation and financial health, with no debt maturing in 2025. |
seekingalpha.com |
2025-05-13 11:00:34 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for April 2025 |
TORONTO--(BUSINESS WIRE)--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 $0.2833 per unit for the month of April 2025. The distribution will be paid by Granite on Thursday, May 15, 2025 to unitholders of record at the close of trading on Wednesday, April 30, 2025. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A. |
businesswire.com |
2025-04-17 21:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Notice of Conference Call for First Quarter 2025 Results |
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the first quarter ended March 31, 2025 after the close of markets on Wednesday, May 7, 2025. Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer. Conference Call: Date: Thursday, May 8, 2025 at 11:00 a.m. (ET) . |
businesswire.com |
2025-04-09 21:01:00 |
Czytaj oryginał (ang.) |
| Granite REIT: Back To A Buy As Yield Hits 5% |
After rating Granite Real Estate Investment Trust a buy in September 2023 and March 2024, we downgraded it to a "Hold" in September 2024. Declines in US occupancy and slight downtrends in Canadian and Dutch properties, along with a sub-6% NAV discount, led to our downgrade. We are back to a Buy rating and go over our rationale. |
seekingalpha.com |
2025-03-07 15:21:13 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for February 2025 |
TORONTO--(BUSINESS WIRE)--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 $0.2833 per unit for the month of February 2025. The distribution will be paid by Granite on Friday, March 14, 2025 to unitholders of record at the close of trading on Friday, February 28, 2025. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. |
businesswire.com |
2025-02-14 19:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Announces C$300 Million Offering of Senior Unsecured Debentures |
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (“Granite LP”) has priced an offering on January 30, 2025 (the “Offering”) of C$300 million aggregate principal amount of Series 10 senior unsecured debentures that will bear interest at Daily Compounded CORRA plus 0.77% per annum, payable quarterly in arrears, and will mature on December 11, 2026 (the “. |
businesswire.com |
2025-01-30 19:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Notice of Conference Call for Fourth Quarter and Year-End 2024 Results |
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year ended December 31, 2024 after the close of markets on Wednesday, February 26, 2025. Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer. Conference Call: Date: Thursday, February 27, 2025. |
businesswire.com |
2024-12-20 19:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT: Dividend Hike And Improving Fundamentals |
Granite remains a Buy due to attractive valuation, strong Q3 performance, and promising long-term fundamentals in the industrial real estate market. Q3 results show healthy rent growth, slight occupancy decline, and improved AFFO payout ratio, leading to a 3% distribution increase. Key risks include tenant concentration, FX risk, and local market dynamics, but these are mitigated by Granite's attractive valuation and business-friendly policies. |
seekingalpha.com |
2024-12-19 19:07:28 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for December 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.2833 per unit for the month of December 2024. The distribution will be paid by Granite on Wednesday, January 15, 2025 to unitholders of record at the close of trading on Tuesday, December 31, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax pu. |
businesswire.com |
2024-12-17 19:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for November 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.275 per unit for the month of November 2024. The distribution will be paid by Granite on Monday, December 16, 2024 to unitholders of record at the close of trading on Wednesday, November 27, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax pur. |
businesswire.com |
2024-11-15 19:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for October 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.275 per unit for the month of October 2024. The distribution will be paid by Granite on Friday, November 15, 2024 to unitholders of record at the close of trading on Thursday, October 31, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purpos. |
businesswire.com |
2024-10-17 21:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Completes C$800 Million Offering of Senior Unsecured Debentures and Repayment of Its US$400 Million Term Loan |
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite” or the “REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (“Granite LP”) has completed its previously announced offering (the “Offering”) of C$800 million aggregate principal amount of senior unsecured debentures in two series. |
businesswire.com |
2024-10-04 21:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT: Industrial Powerhouse REIT Delivers In A Timely Fashion |
We had rated Granite REIT as a buy in our previous coverage. The REIT had a strong Q2-2024, though there was one notable weakness. We update our outlook for this one and give you our verdict. |
seekingalpha.com |
2024-09-22 23:00:00 |
Czytaj oryginał (ang.) |
| Granite Real Estate Investment Trust and Granite REIT Inc. Announce Effective Date of Proposed Unwind of Stapled Unit Structure |
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP” and, together with Granite REIT, “Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that the previously announced court approved plan of arrangement to simplify Granite's capital structure by replacing its current stapled unit structure with a conventional REIT trust unit structure (the “Arrangement”), is expected to be completed and become effective on or about October 1, 2024 (the “Effective Date”). |
businesswire.com |
2024-09-19 21:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for September 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.275 per stapled unit for the month of September 2024. The distribution will be paid by Granite on Tuesday, October 15, 2024 to stapled unitholders of record at the close of trading on Friday, September 27, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. |
businesswire.com |
2024-09-16 21:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT: Still Rock-Solid |
Bullish on Granite as GARP play with attractive valuation. Market sentiment improving with supply pipeline contracting. Units up 5%, trading at attractive levels, downgraded to Buy from Strong Buy due to recent rally. |
seekingalpha.com |
2024-08-18 12:02:04 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for August 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.275 per stapled unit for the month of August 2024. The distribution will be paid by Granite on Monday, September 16, 2024 to stapled unitholders of record at the close of trading on Friday, August 30, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. feder. |
businesswire.com |
2024-08-16 21:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT: Solid As A Rock |
We are upgrading Granite REIT to Strong Buy due to an anticipated rebound in leasing fundamentals and its historically low valuation. Q1 earnings showed modest rent and revenue growth, stable occupancy, and healthy FFO/AFFO growth. Valuation is compelling with low P/AFFO multiple relative to peers and historical averages, and potential 29-30% upside to NAVPU estimate. |
seekingalpha.com |
2024-07-01 00:35:07 |
Czytaj oryginał (ang.) |
| Granite REIT Notice of Conference Call for Second Quarter 2024 Results |
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the second quarter ended June 30, 2024 after the close of markets on Wednesday, August 7, 2024. Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer. Conference Call: Date: Thursday, August 8, 2024 at 11:00 a.m. (. |
businesswire.com |
2024-06-20 21:05:00 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for June 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.275 per stapled unit for the month of June 2024. The distribution will be paid by Granite on Monday, July 15, 2024 to stapled unitholders of record at the close of trading on Friday, June 28, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax pu. |
businesswire.com |
2024-06-17 21:00:00 |
Czytaj oryginał (ang.) |
| Granite Real Estate Investment Trust and Granite REIT Inc. Announce Court Approval of Proposed Unwind of Stapled Unit Structure |
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP”) (collectively, “Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement under which Granite plans to simplify its capital structure by replacing its current stapled unit structure with a conventional REIT trust unit structure (the “Arrangement”). |
businesswire.com |
2024-06-10 21:00:00 |
Czytaj oryginał (ang.) |
| Granite Announces Voting Results From Its 2024 Joint Annual General and Special Meetings of Stapled Unitholders |
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP”) (collectively, “Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today the results of the matters voted on at their joint annual general and special meetings of stapled unitholders held virtually earlier today (the “Meetings”). Each of the individuals nominated for election as a trustee of Granite REIT and a director of Granite GP, as set out Granite's Management Information Circu. |
businesswire.com |
2024-06-06 20:05:00 |
Czytaj oryginał (ang.) |
| Granite REIT: Industrial Powerhouse Gets To The Right Multiple |
Granite REIT's Q1-2024 report shows positive growth in revenue, NOI, and FFO. US side occupancy levels are at the low end of what we have seen for the last decade. We go over why Granite is about two years ahead of both Prologis and Rexford Industrial in terms of valuation compression. |
seekingalpha.com |
2024-05-21 19:05:11 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for May 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.275 per stapled unit for the month of May 2024. The distribution will be paid by Granite on Friday, June 14, 2024 to stapled unitholders of record at the close of trading on Friday, May 31, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purp. |
businesswire.com |
2024-05-17 21:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for April 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.275 per stapled unit for the month of April 2024. The distribution will be paid by Granite on Wednesday, May 15, 2024 to stapled unitholders of record at the close of trading on Tuesday, April 30, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal t. |
businesswire.com |
2024-04-17 21:00:00 |
Czytaj oryginał (ang.) |
| Granite REIT Declares Distribution for March 2024 |
TORONTO--(BUSINESS WIRE)--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 $0.275 per stapled unit for the month of March 2024. The distribution will be paid by Granite on Monday, April 15, 2024 to stapled unitholders of record at the close of trading on Thursday, March 28, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal t. |
businesswire.com |
2024-03-15 19:00:00 |
Czytaj oryginał (ang.) |