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
BUY
BUY
March 27, 2014

(Market Call Minute) Thinks they can diversify away from magna.

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Granite REIT (GRT.UN-T)
March 27, 2014

(Market Call Minute) Thinks they can diversify away from magna.

COMMENT
COMMENT
March 19, 2014

If the annual payout rate has gone up 4.75% and if the auto sector takes a large hit, will this be affected drastically? This is his concern as well. This REIT represents an entity that has a majority of its assets leased on a single tenant basis to Magna International (MG-T). Any difficulty in Magna flows right through to the REIT. While it may not directly flow through on day 1 on news headlines, you have to believe that the underlying real estate is going to have a use further than what Magna has for it. The company has planned to reduce their exposure over the next 3-4 years to about 50% of their total assets. They are also in a great position, from a leveraged standpoint. They have the ability to grow by using debt and debt capital markets are wide open now have very attractive pricing. They can go out and buy industrial assets and diversify. Payout ratio is at a sustainable level. From his perspective, the single tenant risk is too high.

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Granite REIT (GRT.UN-T)
March 19, 2014

If the annual payout rate has gone up 4.75% and if the auto sector takes a large hit, will this be affected drastically? This is his concern as well. This REIT represents an entity that has a majority of its assets leased on a single tenant basis to Magna International (MG-T). Any difficulty in Magna flows right through to the REIT. While it may not directly flow through on day 1 on news headlines, you have to believe that the underlying real estate is going to have a use further than what Magna has for it. The company has planned to reduce their exposure over the next 3-4 years to about 50% of their total assets. They are also in a great position, from a leveraged standpoint. They have the ability to grow by using debt and debt capital markets are wide open now have very attractive pricing. They can go out and buy industrial assets and diversify. Payout ratio is at a sustainable level. From his perspective, the single tenant risk is too high.

PAST TOP PICK
PAST TOP PICK
February 14, 2014

(A Top Pick March 7/13. Up 3.43%.) Owns all real estate that Magna (MG-T) operates on. Have tons of cash that they can use to diversify. Acquisition pace has been a little bit slower than everybody would’ve liked, but they are steadily making progress. Just renewed a big contract with Magna. Pays a pretty decent dividend yield.

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Granite REIT (GRT.UN-T)
February 14, 2014

(A Top Pick March 7/13. Up 3.43%.) Owns all real estate that Magna (MG-T) operates on. Have tons of cash that they can use to diversify. Acquisition pace has been a little bit slower than everybody would’ve liked, but they are steadily making progress. Just renewed a big contract with Magna. Pays a pretty decent dividend yield.

BUY
BUY
December 20, 2013

Has taken longer to move than expected. Still thinks they can do some acquisitions. They are under leveraged compared to the overall REIT space. Likes the industrial side. They own the Magna (MG-T) buildings, which is having a very good run. Granite has a very good management team and is looking to diversify away from their dependence on Magna. 5.8% yield.

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Granite REIT (GRT.UN-T)
December 20, 2013

Has taken longer to move than expected. Still thinks they can do some acquisitions. They are under leveraged compared to the overall REIT space. Likes the industrial side. They own the Magna (MG-T) buildings, which is having a very good run. Granite has a very good management team and is looking to diversify away from their dependence on Magna. 5.8% yield.

PAST TOP PICK
PAST TOP PICK
December 2, 2013

(A Top Pick Nov 1/12. Up 1.87%.) Performance has tempered a little bit because the whole REIT space has been hit. He feels they still have a lot of upside. They have a lot of balance sheet power and can spend a lot of money buying property, which they have been doing. Has been taking longer than some investors expect. Doing this, they will be a much more diversified company and the stock should go a lot higher.

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Granite REIT (GRT.UN-T)
December 2, 2013

(A Top Pick Nov 1/12. Up 1.87%.) Performance has tempered a little bit because the whole REIT space has been hit. He feels they still have a lot of upside. They have a lot of balance sheet power and can spend a lot of money buying property, which they have been doing. Has been taking longer than some investors expect. Doing this, they will be a much more diversified company and the stock should go a lot higher.

BUY
BUY
November 6, 2013

Own a lot of the Magna (MG-T) properties and have very low debt with lots of opportunities to grow.

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Granite REIT (GRT.UN-T)
November 6, 2013

Own a lot of the Magna (MG-T) properties and have very low debt with lots of opportunities to grow.

PAST TOP PICK
PAST TOP PICK
October 10, 2013

(Top Pick Oct 11/12, Up 6.63%) Largely he has rotated out of REITs. But he would buy it here.

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Granite REIT (GRT.UN-T)
October 10, 2013

(Top Pick Oct 11/12, Up 6.63%) Largely he has rotated out of REITs. But he would buy it here.

HOLD
HOLD
August 30, 2013

Trimmed a little about $37. Good long term growth story. Industrial assets, some of which are leased to Magna. Clean balance sheet so can complete accretive acquisitions. Pretty good dividend growth story. A couple of big facilities are coming up for renewal and Magna may walk so that’s why he took some off the table.

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Granite REIT (GRT.UN-T)
August 30, 2013

Trimmed a little about $37. Good long term growth story. Industrial assets, some of which are leased to Magna. Clean balance sheet so can complete accretive acquisitions. Pretty good dividend growth story. A couple of big facilities are coming up for renewal and Magna may walk so that’s why he took some off the table.

COMMENT
COMMENT
July 9, 2013

An owner of industrial assets in Europe and North America. 90% of their assets are leased to Magna (MG-T). Many of those assets are pretty intense-use assets and have specific uses that only Magna would find useful. Going down the road, diversification of assets is going to be their biggest challenge. He would be concerned about lease expiries that are going to occur in 2013 and 2014 and what Magna plans to do with those assets. The single-tenant nature of their assets doesn’t appeal to him. Leverage is very low and their payout ratio is stable so he feels they will be able to navigate through any tough environments or downtime in assets.

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An owner of industrial assets in Europe and North America. 90% of their assets are leased to Magna (MG-T). Many of those assets are pretty intense-use assets and have specific uses that only Magna would find useful. Going down the road, diversification of assets is going to be their biggest challenge. He would be concerned about lease expiries that are going to occur in 2013 and 2014 and what Magna plans to do with those assets. The single-tenant nature of their assets doesn’t appeal to him. Leverage is very low and their payout ratio is stable so he feels they will be able to navigate through any tough environments or downtime in assets.

PAST TOP PICK
PAST TOP PICK
May 6, 2013

(Top Pick May 9/12, Up 21.84%)

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(Top Pick May 9/12, Up 21.84%)

PAST TOP PICK
PAST TOP PICK
March 22, 2013

(A Top Pick March 9/12. Up 12.81%.) Had owned this because it was going to be converted to a REIT. When that happened, this was her exit strategy but she still owns a little. There are probably better names. Have been slow in delivering on promises.

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Granite REIT (GRT.UN-T)
March 22, 2013

(A Top Pick March 9/12. Up 12.81%.) Had owned this because it was going to be converted to a REIT. When that happened, this was her exit strategy but she still owns a little. There are probably better names. Have been slow in delivering on promises.

TOP PICK
TOP PICK
March 7, 2013

(A Top Pick March 1/12. Up 12.71%.) Just reported a good quarter. Everything is on track. They are renewing their leases with Magna (MG-T) but diversifying away from them by making some acquisitions. Under-levered balance sheet. Dividend of 5.27%. Can do a way more in the next few years which will really grow the dividends.

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(A Top Pick March 1/12. Up 12.71%.) Just reported a good quarter. Everything is on track. They are renewing their leases with Magna (MG-T) but diversifying away from them by making some acquisitions. Under-levered balance sheet. Dividend of 5.27%. Can do a way more in the next few years which will really grow the dividends.

TOP PICK
TOP PICK
January 2, 2013

Holds a lot of the factories that Magna (MG-T) operates out of in North America and Europe. Brought in a professional REIT management team and have started to diversify. Almost no leverage on it. When they leverage up the balance sheet to the same level as other REITs, and do the conversion, they will be able to add a lot of assets and a lot of revenue.

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Granite REIT (GRT.UN-T)
January 2, 2013

Holds a lot of the factories that Magna (MG-T) operates out of in North America and Europe. Brought in a professional REIT management team and have started to diversify. Almost no leverage on it. When they leverage up the balance sheet to the same level as other REITs, and do the conversion, they will be able to add a lot of assets and a lot of revenue.

PAST TOP PICK
PAST TOP PICK
December 4, 2012

(A Top Pick Dec 13/11. Up 17.52%.) Buy it now if you don’t hold it. If you own, continue to Hold. Have an entire new management and have spent a year in reconstruction. Not yet been able to process their intended international/domestic diversification. Most of their relationship of leasing out to Magna (MG-T) is pretty safe.

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Granite REIT (GRT.UN-T)
December 4, 2012

(A Top Pick Dec 13/11. Up 17.52%.) Buy it now if you don’t hold it. If you own, continue to Hold. Have an entire new management and have spent a year in reconstruction. Not yet been able to process their intended international/domestic diversification. Most of their relationship of leasing out to Magna (MG-T) is pretty safe.

BUY
BUY
November 15, 2012

(Market Call Minute) 5.7% yield. Commercial real estate located throughout the US and internationally. Very low debt. Thinks they will lever up their balance sheet, go out and make acquisitions and increase the dividend over time.

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Granite REIT (GRT.UN-T)
November 15, 2012

(Market Call Minute) 5.7% yield. Commercial real estate located throughout the US and internationally. Very low debt. Thinks they will lever up their balance sheet, go out and make acquisitions and increase the dividend over time.

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