GRP.U

Granite Real Estate Investment Trust
GRP.U
Market cap $2.91B

47.40 USD

-0.52

1.09%

At close May 19, 4:00 PM EDT

1 day

-1.09%

5 days

-0.48%

1 month

8.32%

3 months

-2.39%

6 months

-10.68%

Year to date

-2.25%

1 year

-7.17%

5 years

-1.58%

10 years

39.99%

About: Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.

Employees: 70

0

Funds holding %

of 7,202 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

300% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 3

24% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 34

8% more funds holding

Funds holding: 90 [Q4 2024] → 97 (+7) [Q1 2025]

0.64% less ownership

Funds ownership: 55.49% [Q4 2024] → 54.84% (-0.64%) [Q1 2025]

5% less capital invested

Capital invested by funds: $1.69B [Q4 2024] → $1.6B (-$92.3M) [Q1 2025]

60% less call options, than puts

Call options by funds: $1.33M | Put options by funds: $3.34M

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$86

81%

upside

Avg. target

$86

81%

upside

High target

$86

81%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

RBC Capital

Pammi Bir

81%upside

$86

Outperform

Maintained

3 Mar 2025

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Financial journalist opinion

Granite REIT Announces C$800 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 October 1, 2024 (the “Offering”) of C$800 million aggregate principal amount of senior unsecured debentures in two series. The Offering includes (i) C$250 million aggregate principal amount of 3.999% Series 8 senior unsecured debentures due October 4, 2029 (the “O.

Granite REIT Announces C$800 Million Offering of Senior Unsecured Debentures

Granite Real Estate Investment Trust and Granite REIT Inc. Complete 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 on October 1, 2024 Granite completed the previously-announced court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”) to replace Granite's stapled unit structure with a conventional REIT trust unit structure. The Arrangement was approved by holders of G.

Granite Real Estate Investment Trust and Granite REIT Inc. Complete Unwind of Stapled Unit Structure

Granite Announces Renewal of Normal Course Issuer Bid

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN / NYSE: GRP.U) (“Granite REIT” and “Granite GP”, and collectively, “Granite”) today announced the acceptance by the Toronto Stock Exchange (the “TSX”) of Granite's Notice of Intention to Make a Normal Course Issuer Bid (“NCIB”). Pursuant to the NCIB, Granite proposes to purchase through the facilities of the TSX and any alternative trading system in Canada, from time to time over the next 12 months.

Granite Announces Renewal of Normal Course Issuer Bid

Granite Real Estate Investment Trust and Granite REIT Inc. Announce Proposal to Unwind 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, at the upcoming Joint Annual General and Special Meetings of holders of Granite's stapled units (“Stapled Units”) scheduled for June 6, 2024, they intend to propose an internal reorganization (the “Reorganization”) that would simplify Granite's capital structure by replacing its current St.

Granite Real Estate Investment Trust and Granite REIT Inc. Announce Proposal to Unwind Stapled Unit Structure

Granite REIT Notice of Conference Call for First 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 first quarter ended March 31, 2024 after the close of markets on Wednesday, May 8, 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, May 9, 2024 at 11:00 a.m. (ET) Teleph.

Granite REIT Notice of Conference Call for First Quarter 2024 Results

Granite REIT Declares Distribution for November 2023

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 $0.2667 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, N.

Granite REIT Declares Distribution for November 2023

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