Granite Real Estate Investment Trust
Company Profile
Business description
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.
Contact
77 King Street West
Suite 4010, P.O. Box 159
Toronto-Dominion Centre
TorontoONM5K 1H1
CANT: +1 647 925-7536
E: ir@granitereit.com
Sector
Real Estate
Stock type
Cyclical
Industry
REIT - Industrial
Fiscal Year End
31 December 2024
Employees
69
Morningstar Investment Ideas
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