Granite Real Estate Investment Trust
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Kevan S. Gorrie
- Full Time Employees
- 70
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- Toronto-Dominion Centre Toronto ON Canada M5K 1H1
- IPO Date
- Jan 4, 2013
- CIK
- 0001564538
- Website
- granitereit.com
- Similar Companies
- Business
- Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) is a Canadian-based real estate investment trust engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. The company owns a diversified portfolio of approximately 141 investment properties totaling 60.6 million square feet of gross leasable area, primarily consisting of manufacturing facilities, corporate offices, warehouses, logistics and distribution centers, and product engineering properties leased on a long-term, triple-net basis to a broad range of industrial and logistics tenants; its properties are strategically located across Canada, the United States, Austria, the Netherlands, and other European markets, with key concentrations in the Greater Toronto Area, U.S. Southeast, and Midwest regions. Founded in 2003 and headquartered in Toronto, Ontario, Granite REIT focuses on high-quality, income-producing assets that benefit from e-commerce growth, supply chain resilience, and stable cash flows supported by high occupancy rates exceeding 98% and weighted average lease terms of around 6-7 years. The trust's core services include property management, leasing, and selective development of industrial real estate tailored to logistics providers, e-commerce operators, manufacturers, and infrastructure companies; it emphasizes environmentally sustainable operations through its ESG+R framework, including green bond financings and resilience initiatives. Granite REIT serves institutional investors seeking reliable distributions via its monthly payouts, which it increased by 4.4% in November 2025 to an annualized $3.55 per unit, reflecting strong operational performance. In recent developments, Granite REIT completed the acquisition of two income-producing U.S. properties totaling 0.1 million square feet in Florida for $49.5 million in June 2025, bolstering its logistics portfolio; the company also commenced significant new leases in 2025, including a 62-month agreement for its 631,000 square foot Louisville, Kentucky facility with a global logistics provider, a 123-month lease for its 251,000 square foot Locust Grove, Georgia property with a U.S. infrastructure firm, and a 125-month lease for a unit in its newly developed Avon, Indiana site with a global healthcare company. These activities, combined with contractual rent escalations, expansions in Canada and the Netherlands, and a C$400 million green bond offering through its subsidiary, have driven net operating income growth to $127.1 million in Q3 2025 and prompted upward revisions to its full-year FFO and AFFO guidance. The trust continues to pursue portfolio diversification, reducing exposure to single tenants and special-purpose assets while advancing strategic acquisitions and development opportunities.
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