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
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.
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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.
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