Granite REIT (GRT.UN.TO) Buy, Sell or Hold

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Granite REIT (GRT.UN.TO)

96.96

+1.52 (1.59%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

347 watching

Investor Insights

Jun 5, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

Granite REIT (GRT.UN-T) is navigating a complex landscape characterized by various factors such as tariff noise, geopolitics, inflation, and changing leasing dynamics. Recognized for its high-quality industrial properties, particularly in the Greater Toronto Area and rapidly growing regions within the Florida-Texas belt, the company boasts a solid tenant base with Magna as its largest tenant. Despite concerns over overbuilding during the pandemic, Granite's clean balance sheet and focus on Tier 1 markets position it well for a recovery, especially as the industrial warehouse sector starts to show signs of improvement. Experts express optimism about the REIT's potential to perform well due to a favorable interest rate environment and its ability to offer growth through e-commerce and industrial expansions, while also making it a viable option for dividend income. Overall, analysts expect continued positive performance through 2027, supported by increased leasing activity and solid cash flow.

Consensus

Bullish

Valuation

Fair Value

Similar

COPT, COPT

PAST TOP PICK

(A Top Pick Jun 25/20, Up 32.42%) Has a lot more stability today. Trades at a slight discount to NAV. Close to a 10% return. Yield is 3.5%.

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BUY

Allan Tong’s Discover Picks Further, Granite pays a 3.53% dividend yield based on an ultra-safe 30% payout ratio. While its EPS growth is declining, at $9.82 it still towers over the sector’s $1.68 and has jumped nearly 30% over the previous year. Granite trades at a PE of 8.7x vs. the sector’s 34.1x while its cash flow stands at $9.76 vs. its peers of $2.53. Gross and profit margins also beat peers. Read 3 Safe and Defensive Stocks to Buy for our full analysis.

TOP PICK

A yield idea. Industrial properties and warehouses in NA. One of their biggest clients is Magna. Very stable income. Raised money this week for new prospects. Yielding over 3%. Trading just over the book value, but not too much. Reducing exposure to Magna by growing other clients. There is a shortage of industrial properties so what they own is more valuable. Buy and hold for a long time. (Analysts’ price target is $88.19)

PAST TOP PICK

(A Top Pick Jun 25/20, Up 24%) The industrial thesis was well understood pre-pandemic. During the pandemic Near Shoring and Re-shoring. We could not rely on goods to come from China or the US. Just-in-time inventories will become just-in-case inventories. They are able to acquire assets attractively and acretively. They are well positioned.

BUY

Thinks very highly of management, likes portfolio exposure. Warehouses in Canada, US, and Europe. Its Magna leases have a lot of upside. Has grown effectively. Warehouse facilities are in demand from e-commerce. Attractive at these levels. Yield is about 4%.

WEAK BUY

A very good REIT. They spun out their Magna industrial assets and recent quarters have been strong. Growing well. It's defensive, not totally industrial though. He likes it. He is neutral/likes this.

HOLD

Properties in NA and Europe. Trend to e-commerce. Performed very well. Collection is over 99%. Stock's going sideways due to recently raising equity and the value trade. Strong outlook over next 12 months. Great balance sheet. Just increased distribution. Yield is 3.9%.

TOP PICK

Global industrial e-commerce play. CEO is excellent. Exposure to Magna is no longer a tailwind. Nice dividend, good growth going forward. One of Canada's best REITs. Yield is 3.87%. (Analysts’ price target is $84.15)

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PAST TOP PICK

(A Top Pick Nov 01/19, Up 22%) REITs have had a pretty tough year but there has been some that have done well. A spin out of Magna. Portfolio of industrial, logistics and warehouse market. The shift from retail to online has been beneficial for them. Trades currently at 20x EBITA. Middle of the pack for price momentum. Valuation is alright. Still likes it.

PAST TOP PICK

(A Top Pick Nov 04/19, Up 22%) They hold industrial warehouses, which has enjoyed a boost during the pandemic. GRT is well-positioned, diversified in the US, Canada and Europe. Managers bet on their assets worth more after the pandemic, so they raised equity to buy assets--a smart move. GRT has a strong balance sheet that could lead to acquisitions.

WEAK BUY

A more economically sensitive industrial. REITs are an underperforming asset class since March. Has been consolidating, and trading above a rising moving average. If you don't own any REITs, this is one to consider if you sense a market recovery. You could get dividend growth going forward.

PAST TOP PICK

(A Top Pick Jun 25/20, Up 15%) They own industrial warehouses, the kind that Amazon and e-commerce uses and booming in this pandemic. It's doing well during the pandemic. Has a great balance sheet with low leverage and in a sector with stable, growing cash flows. They can make accretive acquisitions. Has a valuation gap vs. its peers. Still likes it.

BUY

Allan Tong’s Discover Picks In Q2, Granite collected 99% of its rents. Their balance sheet is in good shape and pays a robust 3.83% dividend yield, based on a payout ratio of 46%. Granite has climbed far from the trough of $40.77 at the mid-March bottom to hover below $76 currently and near its price target of $78.82. However, Granite’s PE has risen from 17.21x from 12 months ago to 22.37x. Read Top REITs in Canada : MI.UN Stock and GRT.UN Stock for our full analysis.

PAST TOP PICK

(A Top Pick Aug 22/19, Up 29%) She's added to her position, likes it. It's a global industrial landlord in North America and Europe. It benefits from quality industrial space. They collected 99% of rents in Q2. They acquired 5 million sq.ft. They report Q2 tomorrow. Happy to own it.

TOP PICK

He likes the warehouse sector globally. Retailers had just-in-time inventory and may now have to increase inventories. Now is the time to buy assets and GRT.UN-T just issued equity and attractive bonds. The balance sheet is in great shape. (Analysts’ price target is $75.68)

Showing 61 to 75 of 155 entries

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Granite REIT (GRT.UN.TO)