Granite Real Estate Investment Trust
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in mil. unless spec.Company Description
- CEO
- Kevan S. Gorrie
- Full Time Employees
- 70
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Toronto-Dominion Centre Toronto ON Canada M5K 1H1
- IPO Date
- Aug 20, 2003
- Website
- granitereit.com
- Similar Companies
- Business
- Granite Real Estate Investment Trust is a Canadian-based real estate investment trust specializing in the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties across North America and Europe. Its portfolio comprises 141 investment properties representing approximately 60.6 million square feet of leasable area, including logistics and distribution warehouses, industrial buildings, manufacturing facilities, and corporate offices. Granite's core business model is focused on leasing high-quality, income-producing properties primarily to logistics, e-commerce, and manufacturing tenants, with long-term lease agreements providing stable cash flow streams. Founded in 2010 and headquartered in Toronto, Canada, Granite REIT operates strategically in key markets including Canada, the United States, and Europe. The REIT pursues a growth strategy centered on acquiring modern e-commerce fulfillment and distribution facilities, benefiting from strong tenant credit profiles and high occupancy rates near 98%. Recent major developments include the closing of $49.5 million in new U.S. acquisitions in 2025, as well as the issuance of its 2024 Global Environmental, Social, Governance and Resilience (ESG+R) Report, reinforcing its commitment to sustainability practices. The company also completed a public offering raising gross proceeds via the issuance of stapled units in 2024, supporting its capital expenditures and growth initiatives. Granite REIT’s industrial portfolio is characterized by a weighted average lease term exceeding six years and a diversified tenant base, with top tenants contributing significantly to revenue stability. It distinguishes itself through geographically diversified assets, targeting logistics corridors and urban infill locations to support last-mile delivery networks. Operationally, Granite continues strengthening its U.S. presence with leadership expansion and focused asset management to drive value creation. The trust places emphasis on triple-net lease structures, which transfer operating expenses to tenants, thereby enhancing cash flow predictability. Overall, Granite Real Estate Investment Trust maintains a resilient business platform through strategic asset acquisitions, sustainable operational practices, and a diversified geographic footprint, serving institutional and commercial tenants in the industrial real estate sector with a focus on logistics and distribution infrastructure. Its recent capital market activities and property acquisitions underline its ongoing expansion and market position strengthening in North America and Europe.
Company News
Granite REIT: Still Below NAV, Still Underappreciated
Granite REIT Declares Distribution for June 2026
Granite REIT Announces Voting Results From Its 2026 Annual General Meeting of Unitholders
Granite REIT Announces Renewal of Normal Course Issuer Bid
Granite REIT Declares Distribution for May 2026
Granite REIT Announces 2026 First Quarter Results
Granite REIT Declares Distribution for April 2026
Granite REIT Notice of Conference Call for First Quarter 2026 Results
Granite REIT Declares Distribution for March 2026
Granite REIT Announces the Renewal of Its At-The-Market Equity Program
Granite REIT Announces Fourth Quarter and Year End Results for 2025 and the Appointment of Two New Trustees
Granite REIT Declares Distribution for February 2026
Granite REIT Declares Distribution for January 2026
Granite REIT Announces C$292 Million in Acquisitions, C$190 Million in Dispositions and Provides a Leasing Update
Granite REIT Notice of Conference Call for Fourth Quarter and Year-End 2025 Results
Granite REIT Declares Distribution for December 2025
Granite Real Estate Investment Trust Announces Final Day of Trading on the NYSE
Granite Real Estate Investment Trust Announces Its Intention to Voluntarily Delist From the NYSE and Deregister From Its SEC Reporting Obligations
Granite REIT Declares Distribution for November 2025
Granite REIT Announces 2025 Third Quarter Results and a 4.4% Distribution Increase Commencing in December 2025