Granite REIT (GRT.UN-T) Stock Predictions - Stockchase
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Granite REIT (GRT.UN-T)

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Granite REIT

GRT.UN-T

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Granite REIT (GRT.UN-T) SAVE Feb, 23, 2019, 7:53 am

61.38 0.26 (0.42%)

About Granite REIT (GRT.UN-T)

Granite Real Estate Investment Trust is a global real estate operating company composed principally of former holdings of Magna International. More at Wikipedia

What the experts are saying about GRT.UN-T



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HOLD
Granite REIT(GRT.UN-T) 

December 5, 2018

This company is in a stage now where their balancer sheet is well positioned. They have a lot of strength ahead of it. It is trading at fair value.
E.T.F.'s
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This company is in a stage now where their balancer sheet is well positioned. They have a lot of strength ahead of it. It is trading at fair value.
E.T.F.'s
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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$55.000
Owned Owned
No

HOLD
Granite REIT(GRT.UN-T) 

November 9, 2018

The yield is 4.9%. This is a safe hold. He has a $58 target on it. Dividend is safe. It has a low payout ratio for a REIT. They are doing a large transition now. He would hold on to this.
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The yield is 4.9%. This is a safe hold. He has a $58 target on it. Dividend is safe. It has a low payout ratio for a REIT. They are doing a large transition now. He would hold on to this.
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Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$56.250
Owned Owned
No

BUY on WEAKNESS
Granite REIT(GRT.UN-T) 

August 16, 2018

You're buying this for the new CEO, not its assets. It was an industrial REIT and was the real estate entity of Magna. It's since diversified out of it. Granite doesn't have much leverage to expand into other industrial assets. It brought in the CEO of Pure Industrial REIT who is the right person in place. Are you too far along in the industrial real estate cycle for him to go out and find value? He thinks the industrial story has legs. He likes Granite. But it when it sells off a bit. Makes sense long term.

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You're buying this for the new CEO, not its assets. It was an industrial REIT and was the real estate entity of Magna. It's since diversified out of it. Granite doesn't have much leverage to expand into other industrial assets. It brought in the CEO of Pure Industrial REIT who is the right person in place. Are you too far along in the industrial real estate cycle for him to go out and find value? He thinks the industrial story has legs. He likes Granite. But it when it sells off a bit. Makes sense long term.

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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$54.640
Owned Owned
Unknown

COMMENT
Granite REIT(GRT.UN-T) 

October 19, 2017

There was a strategic review by management for potentially selling the company, but nothing came of that. There was some turnover with the CEO. The big issue is when it initially came to the market, it had very significant exposure to Magna (MG-T), which was their largest tenant. However, it had a pristine balance sheet. When you think of the Debt to Growth Book Value, it had approximately 25%, and the theory was that if they increased the leverage and took that Debt to Growth Book Value to 40%, they would have $1 billion to play with, diversify tenant exposure, make acquisitions. However they haven’t done any of that. That is unfortunate, because real estate prices have gone up significantly. It pays a decent dividend of 5%. His concern is that you really do need the leadership in there.

E.T.F.'s
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There was a strategic review by management for potentially selling the company, but nothing came of that. There was some turnover with the CEO. The big issue is when it initially came to the market, it had very significant exposure to Magna (MG-T), which was their largest tenant. However, it had a pristine balance sheet. When you think of the Debt to Growth Book Value, it had approximately 25%, and the theory was that if they increased the leverage and took that Debt to Growth Book Value to 40%, they would have $1 billion to play with, diversify tenant exposure, make acquisitions. However they haven’t done any of that. That is unfortunate, because real estate prices have gone up significantly. It pays a decent dividend of 5%. His concern is that you really do need the leadership in there.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$50.560
Owned Owned
Unknown

COMMENT
Granite REIT(GRT.UN-T) 

June 21, 2017

This has gone through a transition. It had significant exposure to Magna (MG-T) being a dominant tenant, accounting for about 80% of its NOI, which is still the case. Since 2011-2012, they’ve only done a couple of acquisitions, totaling about $100 million, which is unfortunate, because they have a very well capitalized balance sheet. That urged a couple of activist shareholders to suggest a new board and new management was needed, which pushed the stock price up significantly. If they use their balance sheet, it is debatable what their NAV will be, because you aren’t sure what they are going to buy. He would prefer other industrial REITs at this time.

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This has gone through a transition. It had significant exposure to Magna (MG-T) being a dominant tenant, accounting for about 80% of its NOI, which is still the case. Since 2011-2012, they’ve only done a couple of acquisitions, totaling about $100 million, which is unfortunate, because they have a very well capitalized balance sheet. That urged a couple of activist shareholders to suggest a new board and new management was needed, which pushed the stock price up significantly. If they use their balance sheet, it is debatable what their NAV will be, because you aren’t sure what they are going to buy. He would prefer other industrial REITs at this time.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$51.850
Owned Owned
Unknown

COMMENT
Granite REIT(GRT.UN-T) 

March 31, 2017

Return of capital reduces your cost base.  There is potentially an opportunity for them to utilize an under levered balance sheet.  They have a lot of exposure to MG-T as a tenant.  There was some turnover in management. 

E.T.F.'s
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Return of capital reduces your cost base.  There is potentially an opportunity for them to utilize an under levered balance sheet.  They have a lot of exposure to MG-T as a tenant.  There was some turnover in management. 

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$46.520
Owned Owned
Unknown

WAIT
Granite REIT(GRT.UN-T) 

September 2, 2016

(Market Call Minute.) High Magna (MG-T) exposure, but they are working through the leases. There may be some possible property sells to limit that exposure. He is waiting to see what happens. 

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(Market Call Minute.) High Magna (MG-T) exposure, but they are working through the leases. There may be some possible property sells to limit that exposure. He is waiting to see what happens. 

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$41.180
Owned Owned
Yes

HOLD
Granite REIT(GRT.UN-T) 

July 8, 2016

One of the more frustrating stories in that it has gone through management changes and now has a new CEO. 80% of its buildings are Magna (MG-T) with a third being special-purpose large car factories globally, so it has to deal with a very complex leasing structure. However, it also has the best balance sheet. Management, which is as yet unproven, will have to walk this minefield. He just wants to see how the new management handles the leases that are coming up in the next 2 years, and also if they are willing to use their balance sheet to acquire more real estate at a more aggressive pace.

E.T.F.'s
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One of the more frustrating stories in that it has gone through management changes and now has a new CEO. 80% of its buildings are Magna (MG-T) with a third being special-purpose large car factories globally, so it has to deal with a very complex leasing structure. However, it also has the best balance sheet. Management, which is as yet unproven, will have to walk this minefield. He just wants to see how the new management handles the leases that are coming up in the next 2 years, and also if they are willing to use their balance sheet to acquire more real estate at a more aggressive pace.

E.T.F.'s
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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$39.090
Owned Owned
Yes

COMMENT
Granite REIT(GRT.UN-T) 

March 30, 2016

Undertook a strategic review not too long ago, trying to figure out what to do given that the CEO had departed. The decision was to try to get somebody else in to grow the business. They have missed a lot of appreciation in commercial real estate values, and this is being reflected in the share price. Trading at about a 20% discount to NAV. Feels the dividend is sustainable. 6.5% dividend yield is secure.

E.T.F.'s
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Undertook a strategic review not too long ago, trying to figure out what to do given that the CEO had departed. The decision was to try to get somebody else in to grow the business. They have missed a lot of appreciation in commercial real estate values, and this is being reflected in the share price. Trading at about a 20% discount to NAV. Feels the dividend is sustainable. 6.5% dividend yield is secure.

E.T.F.'s
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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$37.320
Owned Owned
No

HOLD
Granite REIT(GRT.UN-T) 

February 9, 2016

When this IPO’d, it was primarily dependent on Magna (MG-T) accounting for well over 90% of its net operating income. Management’s objective was to reduce Magna’s exposure to less than 50% NOI within 3 years by making additional acquisitions by using their under leveraged balance sheet. Management has not done that in a very aggressive way, so debt to growth BV, it is still very under leveraged, less than 30%. They have a lot of balance sheet capacity to facilitate additional acquisitions. They haven’t done anything, which is unfortunate because in the interim the value of industrial properties has gone up and interest rates have fallen. They missed out, which is why you are seeing the stock languish. They did undertake a strategic review. The CEO left, so there is new management. Feels the dividend is sustainable.

E.T.F.'s
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When this IPO’d, it was primarily dependent on Magna (MG-T) accounting for well over 90% of its net operating income. Management’s objective was to reduce Magna’s exposure to less than 50% NOI within 3 years by making additional acquisitions by using their under leveraged balance sheet. Management has not done that in a very aggressive way, so debt to growth BV, it is still very under leveraged, less than 30%. They have a lot of balance sheet capacity to facilitate additional acquisitions. They haven’t done anything, which is unfortunate because in the interim the value of industrial properties has gone up and interest rates have fallen. They missed out, which is why you are seeing the stock languish. They did undertake a strategic review. The CEO left, so there is new management. Feels the dividend is sustainable.

E.T.F.'s
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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$36.070
Owned Owned
Unknown

COMMENT
Granite REIT(GRT.UN-T) 

February 3, 2016

An industrial REIT. About 80% of its holdings are Magna (MG-T) properties. The company has launched a strategic review to see what they can do with their factory assets. The stock is going to be stuck until they know what the review is going to be doing. This has the best balance sheet of any of the REITs in Canada, so has the potential to make some acquisitions. Dividend yield of about 6.2%, which is incredibly safe.

E.T.F.'s
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An industrial REIT. About 80% of its holdings are Magna (MG-T) properties. The company has launched a strategic review to see what they can do with their factory assets. The stock is going to be stuck until they know what the review is going to be doing. This has the best balance sheet of any of the REITs in Canada, so has the potential to make some acquisitions. Dividend yield of about 6.2%, which is incredibly safe.

E.T.F.'s
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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$37.260
Owned Owned
Yes

WAIT
Granite REIT(GRT.UN-T) 

November 12, 2015

It announced a strategic review as MG-T is 80% of their tenant base.  Everyone is waiting.  There is so much potential because the balance sheet is so much under levered.  He trimmed when the CEO left.  You get paid 6% to wait.

E.T.F.'s
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It announced a strategic review as MG-T is 80% of their tenant base.  Everyone is waiting.  There is so much potential because the balance sheet is so much under levered.  He trimmed when the CEO left.  You get paid 6% to wait.

E.T.F.'s
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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$37.980
Owned Owned
Yes

PAST TOP PICK
Granite REIT(GRT.UN-T) 

November 10, 2015

(Top Pick Jan 6/15, Down 9.11%) They have a great balance sheet, but growth has been slow because they are not seeing a lot of suitable properties.  He would sell a portion.  If they are not going to use the balance sheet, someone else will (M&A, or share buybacks).

E.T.F.'s
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(Top Pick Jan 6/15, Down 9.11%) They have a great balance sheet, but growth has been slow because they are not seeing a lot of suitable properties.  He would sell a portion.  If they are not going to use the balance sheet, someone else will (M&A, or share buybacks).

E.T.F.'s
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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$37.680
Owned Owned
Yes

BUY
Granite REIT(GRT.UN-T) 

October 8, 2015

Closely tied with MG-T.  80% of revenues come from those properties.  They have been trying to bring this down.  The dividend is good and in fact it is probably the best performing REIT there is.

E.T.F.'s
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Closely tied with MG-T.  80% of revenues come from those properties.  They have been trying to bring this down.  The dividend is good and in fact it is probably the best performing REIT there is.

E.T.F.'s
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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$38.160
Owned Owned
Unknown

COMMENT
Granite REIT(GRT.UN-T) 

September 22, 2015

This has a huge exposure to Magna (MG-T) and their operating platforms. Not a bad REIT. The whole REIT sector in Canada has been a bid down. This company generally has had lower leverage making it somewhat attractive. Has never taken a position in the REIT sector. Would prefer Artis (AX.UN-T) or Brookfield Property Partners (BPY.UN-T) over this. (He owns some of their bonds.)

E.T.F.'s
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This has a huge exposure to Magna (MG-T) and their operating platforms. Not a bad REIT. The whole REIT sector in Canada has been a bid down. This company generally has had lower leverage making it somewhat attractive. Has never taken a position in the REIT sector. Would prefer Artis (AX.UN-T) or Brookfield Property Partners (BPY.UN-T) over this. (He owns some of their bonds.)

E.T.F.'s
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Todd Johnson

Portfolio , BCV Asset Management...

Price Price
$37.270
Owned Owned
Yes

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