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Granite Real Estate Investment Trust (GRT-UN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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93.20-0.29 (-0.31%)
At close: 4:00PM EDT
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  • K
    Kenneth
    God the stock appreciation and yield growth on this stock are great! Hoping for a large dividend increase for next year
  • G
    GreenMarty
    I get that it's a great industrial portfolio but their revenue hasn't really grown much. Because of the pandemic everyone is just pouring money into industrial reits.
  • S
    Sine Function
    Is anyone concerned about rising interest rates? Last I checked Granite had lower debt than other Canadian industrial REITs, but REITs naturally all use a lot of debt for funding, no? So could rising interest rates cause problems here?
  • s
    steve
    This SP appreciation on this reit is amazing
  • K
    Karen
    In the Globe and Mail today!
    * Mr. Markidis’s target for Granite Real Estate Investment Trust (GRT-UN-T +0.11%increase
    ) target to $94 from $90, topping the $93.50 average, with a “buy” rating, while BMO’s Joanne Chen raised her target to $95 from $89 with an “outperform” recommendation.

    “Our positive view on the fundamental strength of GRT.UN’s portfolio remains unchanged following Q2/21 results. We expect the positive tailwinds to continue over the near term and for the REIT to further surface value via its development pipeline over the longer term,” said Ms. Chen.
  • s
    steve
    This REIT is rising faster than I can make money to buy - sheesh!!
  • s
    steve
    Interesting to see a dump day before ex-dividend day. But thank you for the sale.
  • J
    Jules Cesar
    I am surprise Granite does not resist better to this downturn, as it is supposed to be a conservative stock with good management and stable return. Any explanation ? Utilities are behaving better
  • D
    Daniel
    I love this stock ❤️
  • S
    Smurf
    Anyone done any analysis on Granite versus Summit Industrial REIT?
  • s
    steve
    Does this stock ever dip?
  • t
    trevorthegreat
    Reason for today’s dip is due to below financing IOT make the 368M worth of acquisitions. Setting up for continued success! Best REIT IMO and an excellent time to buy more. The charts don’t lie!

    The REIT and Granite REIT Inc. also announced they have entered into an agreement to sell to a syndicate of underwriters led by BMO Capital Markets and TD Securities Inc. (the “Underwriters”) on a bought deal basis 3,460,000 stapled units (“Units”) at a price of C$79.50 per Unit (the “Offering Price”) for gross proceeds of approximately C$275 million (the “Offering”). The REIT intends to use the net proceeds from the Offering to fund the REIT’s acquisition pipeline, commitments under the REIT’s existing development projects and for general trust purposes.
  • s
    steve
    Bought the dip
  • M
    Meddy
    Still one of my favorite REITs in Canada. Every REIT investor should own some Granite imo
  • s
    steve
    Just joined the Granite REIT club! 🥳🥳🥳
  • Y
    Yahoo Finance Insights
    GRP-UN is down 5.96% to 71.36
  • P
    Paul
    When does Granite typically split shares? It’s getting up there for a REIT
  • R
    Ryan
    Is this stock dropping for a particular reason?
  • t
    trevorthegreat
    New shareholder alert 🚨
  • M
    Meddy
    I've had a hard-on for this REIT for over a year lol.
    Still love this REIT. Probably one of the best in Canada for sure.
    They are very active with NCIB + your distribution = large cash return here.