Granite Real Estate Investment Trust GRT.UN.TO · CAD
Real Estate · Toronto Stock Exchange · 🇨🇦 Canada
87.01
+0.10%
Close of 9 Nov 2026, in CAD
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About Granite Real Estate Investment Trust
Its shares trade on Toronto Stock Exchange under the ticker GRT.UN.TO. It has been listed since 20 August 2003. In the fiscal year to 31 December 2024, it reported revenue of C$569.1m and net income of C$360.6m. At that date it held total assets of C$9.62bn and shareholders' equity of C$5.73bn.
Granite Real Estate Investment Trust engages in the development, management and ownership of industrial, warehouse and logistic properties in North America and Europe. The company is headquartered in Toronto, Ontario. The company went IPO on 2003-08-20. The firm operates through the ownership and rental of industrial real estate segment. The firm is engaged in the ownership and management of industrial, warehouse and logistics properties in North America and Europe. The company owns approximately 38.5 million square feet in over 80 income-producing properties. Its tenant base includes Magna International Inc. and its operating subsidiaries. Its investment properties consist of income-producing properties, properties, and land under development and land held for development. The firm's income-producing properties consist of light industrial properties, heavy industrial manufacturing facilities, corporate offices, warehouse and logistics properties, product development and engineering centers, and test facilities in countries, including Canada, the United States, Austria, Germany, the Netherlands, the Czech Republic, the United Kingdom and Spain.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 20 Aug 2003
- Employees
- 53
- Website
- granitereit.com ↗
Leadership
Pay as last reported
- Mr. Kelly MarshallIndependent Chairman of the Board of TrusteesC$220,000
- Mr. Kevan GorriePresident, Chief Executive Officer, Director, Trustee, since 2018C$2.9m
- Ms. Teresa NetoChief Financial OfficerC$1.4m
- Mr. Lawrence ClarfieldExecutive Vice President, General Counsel, Corporate Secretary, since 2022C$1.2m
- Mr. Lorne KumerExecutive Vice President, Head of Global Real EstateC$1.4m
- Mr. Michael RamparasExecutive Vice President - Global Real Estate and Head of InvestmentsC$1.4m
- Mr. Peter AgharIndependent TrusteeC$170,000
- Mr. Robert BrouwerIndependent TrusteeC$118,032
- Mr. Remco DaalIndependent TrusteeC$147,000
- Ms. Fern GrodnerIndependent TrusteeC$147,000
- Mr. Aladin MawaniIndependent TrusteeC$135,000
- Ms. Sheila MurrayIndependent TrusteeC$170,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 82
- Environment
- 99
- Social
- 69
- Governance
- 79
- Direct emissions (scope 1)
- 636 t
- Energy emissions (scope 2)
- 1,316 t
- Value chain emissions (scope 3)
- 134,987 t
- Women in the workforce
- 53.62319%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Headquartered in Toronto, Ontario with 53 full-time employees.
- Owns approximately 38.5 million square feet across over 80 income-producing properties.
- Operates in industrial, warehouse, and logistics properties in North America and Europe.
Weaknesses
- No specific weaknesses mentioned in the provided information.
- No details on financial performance or market position provided.
- No information on competitive advantages or unique capabilities.
Opportunities
- Expansion into additional markets within North America and Europe.
- Potential growth in industrial and logistics real estate demand.
- Opportunities to attract new tenants like Magna International Inc.
Threats
- Dependence on specific tenants such as Magna International Inc.
- Market volatility in real estate sectors across North America and Europe.
- Competition from other real estate investment trusts in the industry.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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