Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Industrials are still favoured. Industrial demand continues to look solid. There is also more pricing power compared to residential occupancy. Rent increases in residential may be limited as the economy tightens. Unlock Premium - Try 5i Free
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)
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%.
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.
Granite REIT is a Canadian stock, trading under the symbol GRT.UN-T on the Toronto Stock Exchange (GRT.UN-CT). It is usually referred to as TSX:GRT.UN or GRT.UN-T
In the last year, 12 stock analysts published opinions about GRT.UN-T. 12 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Granite REIT.
Granite REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Granite REIT.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
12 stock analysts on Stockchase covered Granite REIT In the last year. It is a trending stock that is worth watching.
On 2022-05-20, Granite REIT (GRT.UN-T) stock closed at a price of $87.01.