Welcome to our dedicated page for Granite Real Estate Investment Trust news (Ticker: grpu), a resource for investors and traders seeking the latest updates and insights on Granite Real Estate Investment Trust stock.
Granite Real Estate Investment Trust (GRPU) is a Canadian-based real estate investment trust specializing in the acquisition, development, and management of industrial properties. Established with a strategic focus on high-quality industrial and logistics assets, Granite REIT caters to a diverse range of tenants primarily in the transportation, warehousing, and distribution sectors.
Core Business: Granite REIT's core business revolves around creating and maintaining a portfolio of industrial properties that yield stable, long-term returns. The company owns properties across North America and Europe, with a strong presence in key markets.
Recent Achievements: Granite REIT has recently expanded its portfolio through strategic acquisitions and developments. Notable projects include new logistics centers in key metropolitan areas aimed at servicing the growing demand from e-commerce and distribution companies.
Current Projects: The company is actively involved in several development projects that aim to enhance its property portfolio. These projects are designed to provide state-of-the-art facilities for existing and potential tenants, which include Fortune 500 companies.
Financial Condition: Granite REIT has shown strong financial performance with consistent revenue growth and a healthy balance sheet. The trust’s financial stability is underpinned by its diversified tenant base and long-term lease agreements.
Partnerships: Granite REIT collaborates with various stakeholders including developers, contractors, and financial institutions to drive its growth strategy. These partnerships are crucial for identifying new opportunities and optimizing property management.
Products: The company's primary offerings include leasing industrial warehouses and logistics facilities. These properties are tailored to meet the needs of modern businesses requiring large-scale, efficient distribution solutions.
Granite REIT continues to add value for investors through its focused strategy, robust portfolio, and commitment to sustainable growth. Stay informed about Granite REIT's latest news and developments to make well-informed investment decisions.
Granite Real Estate Investment Trust reported strong combined results for Q4 2021, with net operating income rising to $86.3 million, up 11.4% from the previous year. The Trust acquired nine income-producing properties across Canada, the U.S., and Europe for approximately $510.3 million, contributing to a net income of $341.2 million, a significant increase from $167.6 million a year earlier. However, FFO and AFFO were negatively impacted by currency fluctuations, decreasing per unit by $0.04 and $0.04, respectively. Granite's AFFO payout ratio rose to 84%, indicating increased distributions to unitholders.
Granite Real Estate Investment Trust (NYSE: GRPU) has declared a monthly distribution of CDN
Granite Real Estate Investment Trust (GRPU) has declared a monthly distribution of CDN
Granite Real Estate Investment Trust (NYSE:GRPU) will announce its financial results for the fourth quarter and year-ended December 31, 2021 after market close on March 9, 2022. A conference call, hosted by President and CEO Kevan Gorrie, is scheduled for March 10, 2022, at 11:00 a.m. ET, with toll-free dialing available for North American callers. Granite owns 126 investment properties totaling approximately 53.3 million square feet of leasable area across North America and Europe.
Granite Real Estate Investment Trust (GRPU) has declared a CDN
Granite Real Estate Investment Trust (NYSE: GRPU) announced a distribution of CAD
Granite Real Estate Investment Trust (NYSE:GRPU) announced an at-the-market equity distribution program (ATM Program) allowing it to sell up to $250 million of stapled units. The program, effective until November 1, 2023, enables Granite to issue units at the prevailing market price via the Toronto Stock Exchange or other platforms. Proceeds will support future acquisitions and development. The ATM Program's prospectus supplement will be available on SEDAR and EDGAR. Granite currently owns 126 properties totaling approximately 53.3 million square feet of leasable area.
Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) reported strong financial results for Q3 2021, with net operating income rising to $84.5 million from $76.5 million year-over-year. Funds from operations (FFO) increased to $65.2 million ($0.99 per unit), while adjusted funds from operations (AFFO) reached $61.2 million ($0.93 per unit). The Trust also announced $260 million in acquisitions across the U.S. and Netherlands and a 3.3% increase in distributions, effective December 2021. Granite's net income attributable to stapled unitholders surged to $421.8 million, bolstered by substantial fair value gains on investment properties.
Granite Real Estate Investment Trust (NYSE: GRPU) has declared a distribution of CAD
Granite Real Estate Investment Trust (NYSE: GRPU) will announce its third-quarter financial results on
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