REIT Stack
Briefings
Market commentary, signal briefs, and deal dossiers for Canadian REIT investors.
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Market commentary, signal briefs, and deal dossiers for Canadian REIT investors.
New REIT Stack briefings when they publish. No promotion. Unsubscribe anytime.
Granite screens near the top on four of five criteria — growth, industry, valuation and balance sheet — at a 22% discount to Real-Estate NAV on the lowest leverage of any Canadian REIT. The catch is a modest 3.7% yield.
Granite REIT renewed its normal course issuer bid as the units pushed to a fresh high, capping a year up roughly 40% on the strength of a 98%-occupied logistics book.