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
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.
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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.
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(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.
PAST TOP PICK
PAST TOP PICK
June 8, 2012
(A Top Pick Sept 23/11. Up 23.56%.) Announced all the things she was hoping for so she sold her holdings.
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(A Top Pick Sept 23/11. Up 23.56%.) Announced all the things she was hoping for so she sold her holdings.
TOP PICK
TOP PICK
May 9, 2012
Almost 6% yield. Management change which is cleaning out the portfolio giving some G&A savings that will hit the bottom line in the next 12 months. Very clean balance sheet giving a lot of room for acquisition growth going forward. Wouldn't be surprised to see the stock trade somewhere between $42-$44 longer term.
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Almost 6% yield. Management change which is cleaning out the portfolio giving some G&A savings that will hit the bottom line in the next 12 months. Very clean balance sheet giving a lot of room for acquisition growth going forward. Wouldn't be surprised to see the stock trade somewhere between $42-$44 longer term.
WATCH
WATCH
April 12, 2012
Industrial real estate assets that were spun out from Magna (MG-T). Currently Magna is a tenant in about 96% of their properties. Low payout ratio. For a REIT they have an amazingly low debt on their balance sheet. If management works it right, they will buy additional properties and diversify away from Magna. This is a “wait-and-see” if management can execute.
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Granite REIT (GRT.UN-T)
April 12, 2012
Industrial real estate assets that were spun out from Magna (MG-T). Currently Magna is a tenant in about 96% of their properties. Low payout ratio. For a REIT they have an amazingly low debt on their balance sheet. If management works it right, they will buy additional properties and diversify away from Magna. This is a “wait-and-see” if management can execute.
TOP PICK
TOP PICK
March 9, 2012
Are going to convert into a REIT. Either will joint venture Magna assets with other parties or get non-Magna assets into their portfolio. It will be more diversified over time. Have a balance sheet that allows them to do that. It’s a developing story. 5.7% yield with room to increase it as they get the portfolio the way they want it.
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Are going to convert into a REIT. Either will joint venture Magna assets with other parties or get non-Magna assets into their portfolio. It will be more diversified over time. Have a balance sheet that allows them to do that. It’s a developing story. 5.7% yield with room to increase it as they get the portfolio the way they want it.
TOP PICK
TOP PICK
March 1, 2012
(A Top Pick July 13/11. Up 29.26%.) Real estate that owns the property where Magna Plants are. Looking to expand internationally. Balance sheet is really under levered. Feels they want to convert to a REIT and will be able to pay more dividends. They also want to diverse away from Magna (MG-T). Target of $45.
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(A Top Pick July 13/11. Up 29.26%.) Real estate that owns the property where Magna Plants are. Looking to expand internationally. Balance sheet is really under levered. Feels they want to convert to a REIT and will be able to pay more dividends. They also want to diverse away from Magna (MG-T). Target of $45.
BUY
BUY
February 16, 2012
Sees considerable up side. There is single tenant risk in Magna. 5.7% yield should be able to grow.
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Granite REIT (GRT.UN-T)
February 16, 2012
Sees considerable up side. There is single tenant risk in Magna. 5.7% yield should be able to grow.
Andy Nasr

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Price
$36.600
Owned
Unknown
TOP PICK
TOP PICK
December 13, 2011
Manages the plants that Magna (MG-T) uses. Has brilliant new independent management. Quadrupled its dividend and turned itself into a REIT.
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Granite REIT (GRT.UN-T)
December 13, 2011
Manages the plants that Magna (MG-T) uses. Has brilliant new independent management. Quadrupled its dividend and turned itself into a REIT.
TOP PICK
TOP PICK
November 25, 2011
Owns real estate and leases it to Magna (MG-T). Have increased their dividend so that yield is now 6.8%. Will be converting into a REIT. Also wanted to diversify away from Magna by acquiring other properties.
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Granite REIT (GRT.UN-T)
November 25, 2011
Owns real estate and leases it to Magna (MG-T). Have increased their dividend so that yield is now 6.8%. Will be converting into a REIT. Also wanted to diversify away from Magna by acquiring other properties.
BUY
BUY
November 16, 2011
A legacy of Magna (MG-T) and was basically a vehicle to hold all of their warehouses, etc. Now looks like it is well structured. For the moment, too much of it is one tenant.
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Granite REIT (GRT.UN-T)
November 16, 2011
A legacy of Magna (MG-T) and was basically a vehicle to hold all of their warehouses, etc. Now looks like it is well structured. For the moment, too much of it is one tenant.
TOP PICK
TOP PICK
November 14, 2011
Have a bunch of buildings with AAA leases, all to Magna (MG-T). Converting to a REIT in December. Compared to other REITs, it is trading at 2/3 of its value. Will start paying a $2 dividend in December. Under levered. Worth $43.
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Granite REIT (GRT.UN-T)
November 14, 2011
Have a bunch of buildings with AAA leases, all to Magna (MG-T). Converting to a REIT in December. Compared to other REITs, it is trading at 2/3 of its value. Will start paying a $2 dividend in December. Under levered. Worth $43.
TOP PICK
TOP PICK
November 14, 2011
Grossly undervalued. Leverage is 20% compared to the average real estate company of 50%-60%. Converting to a REIT so substantially increasing their dividends. Stock should be $40 plus if they can execute their strategy to become a REIT.
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Granite REIT (GRT.UN-T)
November 14, 2011
Grossly undervalued. Leverage is 20% compared to the average real estate company of 50%-60%. Converting to a REIT so substantially increasing their dividends. Stock should be $40 plus if they can execute their strategy to become a REIT.
TOP PICK
TOP PICK
September 23, 2011
New management wants to make this into a real company. In the process of strategizing. They want to diversify. The next good news will be the announcement of a real dividend and it should re-value the company.
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Granite REIT (GRT.UN-T)
September 23, 2011
New management wants to make this into a real company. In the process of strategizing. They want to diversify. The next good news will be the announcement of a real dividend and it should re-value the company.
TOP PICK
TOP PICK
July 13, 2011
Real estate that owns the property where Magna Plants are. Now that Frank Stronach is totally out of the stock, they have a new board and new management and the balance sheet is way under levered.
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Real estate that owns the property where Magna Plants are. Now that Frank Stronach is totally out of the stock, they have a new board and new management and the balance sheet is way under levered.
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