| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
345 |
| Revenues (TTM) (Millions $) |
436 |
| Net Income (TTM) (Millions $) |
277 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Granite Real Estate Investment Trust (REIT) is a Canadian real estate investment trust that owns, operates, and manages a diversified portfolio of income-producing commercial and industrial properties. The company operates across North America and Europe with approximately $5.2 billion CAD in assets as of December 31, 2020.
Granitees property portfolio consists of more than 90 properties with approximately 34.2 million square feet of rental space across diverse sectors including industrial, warehouse, distribution, and logistics facilities. The companyes tenants are major corporations from various industries including manufacturing, distribution, retail, and e-commerce sectors.
Granite has a highly diversified tenant base, with no single tenant accounting for more than 5% of its total rental revenue. The company has a strong track record of successful lease renewals and occupancies, which is reflected in its high occupancy rate of over 99%.
Granite prides itself in its proactive asset management approach, which is aimed at maximizing the value of its properties and improving the tenantse experience. The company invests in property upgrades and renovations, such as energy-efficient upgrades, as well as strategic acquisitions to expand its portfolio and increase its market presence.
Granite REIT is listed on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker symbol eGRT.UNe. The company has been paying monthly dividends to its shareholders since 2003, maintaining a strong track record of growth and increasing shareholder value.
In conclusion, Granite Real Estate Investment Trust is a leading real estate investment trust with a diversified portfolio of high-quality industrial and commercial properties across North America and Europe. The companyes strong asset management and tenant retention strategies, coupled with its sound financial performance and commitment to increasing shareholder value, make it an attractive investment option for income-seeking investors.
Company Address: 77 King Street West Toronto 0 ON
Company Phone Number: 925-7500 Stock Exchange / Ticker: NYSE GRPU
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3.25% 