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Investor Insights

This summary was created by AI, based on 11 opinions in the last 12 months.

Granite REIT (GRT.UN-T) is a diversified industrial REIT with high quality properties, focused on larger properties with some vacancy issues that need to be worked through. It has seen a recovery in shares lately due to lower interest rates, and has great potential for further growth. Analysts see over 20% upside with a target of ~$87 and rank it as an Outperform. It is well positioned between the US, Europe, and Canada and has a strong balance sheet. Despite challenges in the real estate industry currently, it remains one of the best-managed REITs in Canada with significant potential for the future.

Consensus
Positive
Valuation
Undervalued
HOLD
Granite REIT

Diversified industrial globally. High quality properties. 10-12% discount to NAV. Focused on larger part of the market (over 300k square feet), where there's more vacancy. It needs to work through that. Likes the sector, stock's interesting at this level, keep owning it if you do.

property mngmnt / investment
WEAK BUY
Granite REIT

Benefiting from lower interest rates, rising 10% in the last 1.5 months. Industrial REITs were strong during the pandemic and are slightly softening now. Doesn't follow this name much anymore, but the rising tide of lower rates will lift REITs. Magna remains a key tenant, but GRT is slowly untethering from Magna.

property mngmnt / investment
BUY
Granite REIT

Catchup trade in the real estate sector started July-August. Continued uptrend since July 18. As rates come down, real estate will benefit. Has created a great, diversified portfolio in different sectors. Still sees over 20% upside, target of ~$87. Analysts rank it an Outperform.

property mngmnt / investment
PAST TOP PICK
Granite REIT
(A Top Pick Apr 16/24, Up 5%)

He likes the industrial space. GRT is positioned well between the US, Europe and Canada, so they can grow anywhere there. Likes management.

property mngmnt / investment
HOLD
Granite REIT

Have seen a recovery in shares in last few weeks, as bond proxies usually go up when interest rates go down. Expectation is for multiple rate cuts in Canada. That will improve balance sheet, but doesn't improve the business on a dime. Still getting good uplifts on new rental agreements signed at higher prices.

In NA, we're struggling with an over-supply of industrial real estate. Have to work through it. One of the best-managed REITs in Canada. Likes the industrial sector, not going anywhere anytime soon. But you have to have confidence that interest rates are going to come down materially from here.

property mngmnt / investment
DON'T BUY
Granite REIT

Industrial was a very hot space, but now we're over-supplied. Fundamentals of the real estate industry not good right now. One of the best-managed REITs, discount to NAV, potential takeout candidate. Cheap valuation, but you need patience.

property mngmnt / investment
PAST TOP PICK
Granite REIT
(A Top Pick May 12/23, Down 10%)

Will continue to own shares. Expecting recovery in shares. Industrial real estate (warehouses etc.) performing well. Expecting further growth in sector. Geographically is diverse across Canada. If/when interest rates stabilize - expecting return to higher profits. 

property mngmnt / investment
TOP PICK
Granite REIT

It's an e-commerce play. They hold a lot of warehouses. It once held only Magna asses, but that has declined a lot. Likes management. Half of assets are in the US, with exposure to Europe. They can deploy capital to any of these markets and act nimbly to react to market changes. Has the best balance sheet among peers

(Analysts’ price target is $91.62)
property mngmnt / investment
BUY
Granite REIT

Doesn't like REITs now for poor returns, but does like Granite for its strong balance sheet, management, conservative payout ratio and are in the right sector, industrial which will pick up. Good track record of raising their dividend and a likely take-out candidate. If interest rates decline, the REITs will benefit. But it's not a business model for growth.

property mngmnt / investment
BUY
Granite REIT

Largest industrial REIT listed in Canada. Diversified. 30% leased to Magna, mostly in Europe and Austria. Well run, good properties. Stuck in a range, mainly because uncertain economy has slowed down approvals on large-space leases. Expects higher occupancy in second half of 2024. 10-15% discount to NAV, yield of over 4%.

property mngmnt / investment
BUY
Granite REIT

Believes opportunity for catch up trade. Good time to buy at current price. Would recommend investing. Pause in interest rate hikes, good for business. 

property mngmnt / investment
WEAK BUY
Granite REIT

Successfully diversifying away from reliance on MGA. Solid management, executes well throughout the cycle. Concerns about more supply from new construction. Rent growth muted. Great option, but he owns DIR.UN instead.

property mngmnt / investment
TOP PICK
Granite REIT

Is selling at 75% of the NAV of the real estate. Also debt is 30% of its NAV, half of its peers. They can buy new buildings. They're in industrial real estate which remains in high demand.

(Analysts’ price target is $88.32)
property mngmnt / investment
BUY
Granite REIT
GRT.UN vs. DIR.UN

Prefers this one. Better investment than DIR.UN. Steadier assets. Backed more by management. Only weakness is that US properties are suffering a bit. 

DIR.UN has good numbers, but issued equity in September, instead of selling assets, to get leverage down. Motivated by externally managed contract remuneration based on assets under management. Stock fell. Can't support management on any level. Supply's coming on, so the story's getting tired.

property mngmnt / investment
BUY
Granite REIT
GRT.UN vs. CAR.UN

Both are quality. Likes both sectors. Likes both, but if he had to choose, he'd pick GRT.UN.

In Quebec and BC, but CAR.UN is mainly a play on Toronto, a fantastic multi-family market, but there is rent control. Great supply/demand fundamentals, but hard to get the cashflow. Outperformed peers, so pullback is understandable.

Industrial warehouse sector continues to do quite well. GRT.UN focuses on Canada, US, and Europe, trading at a nice discount to NAV. Underperformed, not warranted. Concern about oversupply in US, but he thinks they're in a good position. 

property mngmnt / investment
Showing 1 to 15 of 140 entries

Granite REIT(GRT.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 10

Stockchase rating for Granite REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Granite REIT(GRT.UN-T) Frequently Asked Questions

What is Granite REIT stock symbol?

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

Is Granite REIT a buy or a sell?

In the last year, 10 stock analysts published opinions about GRT.UN-T. 7 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Granite REIT.

Is Granite REIT a good investment or a top pick?

Granite REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Granite REIT.

Why is Granite REIT stock dropping?

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.

Is Granite REIT worth watching?

10 stock analysts on Stockchase covered Granite REIT In the last year. It is a trending stock that is worth watching.

What is Granite REIT stock price?

On 2024-12-06, Granite REIT (GRT.UN-T) stock closed at a price of $73.56.