Granite REIT

GRT.UN-T

TSE:GRT.UN

76.56
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
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.

BUY
BUY
November 15, 2012

REITs have been a great place to be over the last couple of weeks and they fit right into his theme of sustainable growth. Payout about 75% of their cash flow. He would look for opportunities to add to REITs as we go along. Expects it to perform relatively well going forward.

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

REITs have been a great place to be over the last couple of weeks and they fit right into his theme of sustainable growth. Payout about 75% of their cash flow. He would look for opportunities to add to REITs as we go along. Expects it to perform relatively well going forward.

TOP PICK
TOP PICK
November 1, 2012

(A Top Pick Nov 14/11. Up 16.33%.) Have Magna (MG-T) as their main tenant, which is a very good customer to have. Starting to buy more real estate now to diversify away from Magna a little bit. Balance sheet is severely under levered so they could borrow $500 million today and buy a bunch of real estate to generate income. Converting into a REIT so yields will be going up from here.

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Granite REIT (GRT.UN-T)
November 1, 2012

(A Top Pick Nov 14/11. Up 16.33%.) Have Magna (MG-T) as their main tenant, which is a very good customer to have. Starting to buy more real estate now to diversify away from Magna a little bit. Balance sheet is severely under levered so they could borrow $500 million today and buy a bunch of real estate to generate income. Converting into a REIT so yields will be going up from here.

BUY
BUY
October 19, 2012

(Market Call Minute.) Just increased their dividend. Have a lot of room to make acquisitions. Under levered balance sheet. Looking for them to grow in the US and Europe.

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Granite REIT (GRT.UN-T)
October 19, 2012

(Market Call Minute.) Just increased their dividend. Have a lot of room to make acquisitions. Under levered balance sheet. Looking for them to grow in the US and Europe.

TOP PICK
TOP PICK
October 11, 2012

Second biggest sector weight he has. Absolutely benefit from lower borrowing costs. Will become a REIT in January. Then they will be paying out less than 75% of cash flow. Under levered, almost no debt, strong balance sheet. Are a long way down the road to renegotiating long term leases with magna. 5.6% yield.

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Granite REIT (GRT.UN-T)
October 11, 2012

Second biggest sector weight he has. Absolutely benefit from lower borrowing costs. Will become a REIT in January. Then they will be paying out less than 75% of cash flow. Under levered, almost no debt, strong balance sheet. Are a long way down the road to renegotiating long term leases with magna. 5.6% yield.

TOP PICK
TOP PICK
October 10, 2012

Converting to a REIT. Basically holds industrial properties for Magna (MG-T). Much, much cheaper than the majority of REITs. This is largely to do with the tenant risk and concentration risk with Magna. 40% of revenues come out of Europe and tend to be in Austria and Germany, which are in the stronger areas. Very strong balance sheet and are looking to diversify. 5.6% yield.

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Granite REIT (GRT.UN-T)
October 10, 2012

Converting to a REIT. Basically holds industrial properties for Magna (MG-T). Much, much cheaper than the majority of REITs. This is largely to do with the tenant risk and concentration risk with Magna. 40% of revenues come out of Europe and tend to be in Austria and Germany, which are in the stronger areas. Very strong balance sheet and are looking to diversify. 5.6% yield.

PAST TOP PICK
PAST TOP PICK
August 8, 2012

(Top Pick Sep 23/11, Up 30.58%) Sold it in advance of making changes in terms of them becoming a trust. Did not have a strategy or a dividend. Thinks it is a good stock going forward. Buy on weakness.

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Granite REIT (GRT.UN-T)
August 8, 2012

(Top Pick Sep 23/11, Up 30.58%) Sold it in advance of making changes in terms of them becoming a trust. Did not have a strategy or a dividend. Thinks it is a good stock going forward. Buy on weakness.

BUY
BUY
July 23, 2012
Sees upside of anywhere from $39 or $40. Magna (MG-T) is the biggest tenant and essentially accounts for all of their leases. Management’s objective is to diversify away. Hardly has any debt so if they do make acquisitions, they can use their balance sheet and can unlock a lot of potential.
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Sees upside of anywhere from $39 or $40. Magna (MG-T) is the biggest tenant and essentially accounts for all of their leases. Management’s objective is to diversify away. Hardly has any debt so if they do make acquisitions, they can use their balance sheet and can unlock a lot of potential.
COMMENT
COMMENT
July 20, 2012
Has very specific single-use real estate in that it owns a lot of the manufacturing and processing plants of Magna (MG-T). This is not something he is interested in, in his portfolio. Balance sheet is fine. If they could swap some of this real estate back to Magna and take back more conventional industrial he would be interested.
Show full opinionHide full opinion
Has very specific single-use real estate in that it owns a lot of the manufacturing and processing plants of Magna (MG-T). This is not something he is interested in, in his portfolio. Balance sheet is fine. If they could swap some of this real estate back to Magna and take back more conventional industrial he would be interested.
TOP PICK
TOP PICK
June 14, 2012
(A Top Pick July 13/11. Up 24.26%.) They were undervalued because they were part of Magna International. Will officially be a REIT by the end of the year. Have increased their dividend and are under levered so they have powder to spend. Could be worth anywhere $40-$45. 5.8% dividend, which he thinks will grow.
Show full opinionHide full opinion
(A Top Pick July 13/11. Up 24.26%.) They were undervalued because they were part of Magna International. Will officially be a REIT by the end of the year. Have increased their dividend and are under levered so they have powder to spend. Could be worth anywhere $40-$45. 5.8% dividend, which he thinks will grow.
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