Granite REIT

GRT.UN-T

TSE:GRT.UN

0.00
0.00 (0.00%)
Granite Real Estate Investment Trust is a global real estate operating company composed principally of former holdings of Magna International.
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Analysis and Opinions about GRT.UN-T

Signal
Opinion
Expert
WAIT
WAIT
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.

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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.

PAST TOP PICK
PAST TOP PICK
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).

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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).

BUY
BUY
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.

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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.

COMMENT
COMMENT
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.)

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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.)

WAIT
WAIT
September 21, 2015

There was a sudden management change. This is not usually good news. GRT-T has good exposure to MG-T. It is a single tenant REIT. The balance sheet is quite strong. The dividend is safe. The management change has cast some uncertainly over it. Wait until more is known before buying it.

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Granite REIT (GRT.UN-T)
September 21, 2015

There was a sudden management change. This is not usually good news. GRT-T has good exposure to MG-T. It is a single tenant REIT. The balance sheet is quite strong. The dividend is safe. The management change has cast some uncertainly over it. Wait until more is known before buying it.

PAST TOP PICK
PAST TOP PICK
September 11, 2015

(A Top Pick Sept 5/14. Down 3.04%.) CEO has been terminated by the board and the CFO is stepping in. Doesn’t see this as a slight against the company in any way. Had moved from an overweight position down to a market weight before the news.

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Granite REIT (GRT.UN-T)
September 11, 2015

(A Top Pick Sept 5/14. Down 3.04%.) CEO has been terminated by the board and the CFO is stepping in. Doesn’t see this as a slight against the company in any way. Had moved from an overweight position down to a market weight before the news.

PAST TOP PICK
PAST TOP PICK
July 27, 2015

(Top Pick Jul 15/14, Up 6.40%) They are now looking at a strategic review. He likes that you have a monetization event.

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(Top Pick Jul 15/14, Up 6.40%) They are now looking at a strategic review. He likes that you have a monetization event.

COMMENT
COMMENT
May 15, 2015

They have the lowest debt of any of the Canadian REITs. Because of that they are able now to use solely debt in order to acquire and build up their portfolio. They have a very disciplined approach of only buying real estate that they are comfortable with. This is a global industrial real estate. He buys this on the dips.

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They have the lowest debt of any of the Canadian REITs. Because of that they are able now to use solely debt in order to acquire and build up their portfolio. They have a very disciplined approach of only buying real estate that they are comfortable with. This is a global industrial real estate. He buys this on the dips.

COMMENT
COMMENT
April 22, 2015

Likes this. An international REIT, as you are buying industrial real estate across the world. A lot of that is linked to the Magna (MG-T) empire. That can cause certain bits of disruption and a certain amount of volatility. The balance sheet is so good that they have the ability to continue to acquire high quality industrial real estate globally. Good source of income and growth over the next 3 years.

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Granite REIT (GRT.UN-T)
April 22, 2015

Likes this. An international REIT, as you are buying industrial real estate across the world. A lot of that is linked to the Magna (MG-T) empire. That can cause certain bits of disruption and a certain amount of volatility. The balance sheet is so good that they have the ability to continue to acquire high quality industrial real estate globally. Good source of income and growth over the next 3 years.

TOP PICK
TOP PICK
January 6, 2015

They were pretty much 100% a Magna property, which brings risk, but they have a great balance sheet, about half the leverage of the average REIT. The trick here is to add acquisitions, adding property other than Magna to reduce the risk profile and increase the distribution. As long as they can continue to execute and buy more properties at the right price, you see the dividend continued to increase. Yield of 5.31%.

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Granite REIT (GRT.UN-T)
January 6, 2015

They were pretty much 100% a Magna property, which brings risk, but they have a great balance sheet, about half the leverage of the average REIT. The trick here is to add acquisitions, adding property other than Magna to reduce the risk profile and increase the distribution. As long as they can continue to execute and buy more properties at the right price, you see the dividend continued to increase. Yield of 5.31%.

HOLD
HOLD
October 16, 2014

Magna is the main tenant. They are trying to reduce that concentration to 50% from 85% now. They sold some non-core assets. He will not allocate capital here because he does not like the long term prospects. Payout ratio and leverage are low enough that there is not a lot of risk if you hold it for the distribution.

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Granite REIT (GRT.UN-T)
October 16, 2014

Magna is the main tenant. They are trying to reduce that concentration to 50% from 85% now. They sold some non-core assets. He will not allocate capital here because he does not like the long term prospects. Payout ratio and leverage are low enough that there is not a lot of risk if you hold it for the distribution.

TOP PICK
TOP PICK
September 5, 2014

Large company with a lot of potential because its debt is very low and they have a lot of cash on the balance sheet. A lot of exposure to the auto industry, but they are expanding out of that. 5.37% yield, responsible management, safe growth. No equity dilution risk.

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Granite REIT (GRT.UN-T)
September 5, 2014

Large company with a lot of potential because its debt is very low and they have a lot of cash on the balance sheet. A lot of exposure to the auto industry, but they are expanding out of that. 5.37% yield, responsible management, safe growth. No equity dilution risk.

TOP PICK
TOP PICK
July 15, 2014

Very low debt: 23% of market cap. They sold a bunch of Mexican assets. Tons of cash. Last transaction was in the Netherlands. They can expand without coming to market. Debt rates they get in Europe come with a 2% handle. The spread is fantastic, but it is not recognized in the stock price.

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Very low debt: 23% of market cap. They sold a bunch of Mexican assets. Tons of cash. Last transaction was in the Netherlands. They can expand without coming to market. Debt rates they get in Europe come with a 2% handle. The spread is fantastic, but it is not recognized in the stock price.

PAST TOP PICK
PAST TOP PICK
May 12, 2014

(A Top Pick March 7/13. Up 11.19%.) Liked this because of the new capable management team with leverage way below industry average, which means they have a lot of opportunity to make acquisitions and increased distributions. They still have a lot of potential to create value this way.

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(A Top Pick March 7/13. Up 11.19%.) Liked this because of the new capable management team with leverage way below industry average, which means they have a lot of opportunity to make acquisitions and increased distributions. They still have a lot of potential to create value this way.

BUY
BUY
April 29, 2014

Main tenant is Magna. 2017 leases were extended so less of an issue. Very low debt. They are able to accelerate their growth.

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Granite REIT (GRT.UN-T)
April 29, 2014

Main tenant is Magna. 2017 leases were extended so less of an issue. Very low debt. They are able to accelerate their growth.

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