Granite REIT engages in the acquisition, development, and management of industrial properties in North America and Europe. Its portfolio consists of various manufacturing, corporate office, warehouse and logistics, and product engineering facilities.
Logistics and distribution warehouses and multipurpose buildings constitute the majority of its assets. Granite REIT is a spin-off of Magna International which still continues to be its major tenant.
Magna accounts for ~60% of Granite’s total revenues. Granite REIT has a diversified yet balanced geographical presence in Canada (26% of revenue), U.S. (31%), Austria (27%), and Europe (15%). It owns 85 investment properties with 33 million square feet of leasable area.
Granite REIT Stock Details
- Ticker: tse:grt.un
- Sector: Real Estate
- Industry: REIT - Industrial
- Market Cap: 4.76B
- Market Cap Group: Mid Cap
- P/E: 35.19
- Dividend Yield: 4.38%
- Grade: B
- Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 6/10
- Dividend Income Fit: 4/10
GRT.UN Industry Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| GRT.UN | TSE:GRT.UN | Granite REIT | 4.76 | 35.19 | 4.38 | YES | 1 | 10 | 81 |
| SMU.UN | TSE:SMU.UN | Summit Industrial Income REIT | 4.41 | 8.77 | 0.00 | NO | 1 | 10 | 81 |
| DIR.UN | TSE:DIR.UN | Dream Industrial | 3.53 | 34.57 | 5.42 | NO | 1 | 10 | 81 |
| NXR.UN | TSE:NXR.UN | Nexus Industrial REIT | 0.54 | 6.49 | 8.12 | NO | 1 | 10 | 81 |
Granite REIT - FAQ
What is the stock ticker for Granite REIT?
The stock ticker for Granite REIT is TSE:grt.un.
Is Granite REIT a good stock to buy?
You need to consider your investment strategy and how TSE:grt.un can fit in your portfolio.
The current dividend income score of 4/10 and dividend growth score of 6/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Granite REIT a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 50 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Granite REIT?
You can easily buy the GRT.UN stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.