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In addition, the REIT and Granite REIT Inc. have granted the Underwriters an option, exercisable in whole or in part at any time up to 30 days following closing of the Offering, to purchase up to an additional 555,000 Units at the Offering Price to cover over-allotments, if any (the "Over-Allotment Option") which, if exercised in full, would increase the gross proceeds of the Offering to approximately C$289 million. Granite Real Estate Investment Trust's stock was trading at C$63.29 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Wall Street Stock Market & Finance report, prediction for the future: You'll find the Granite Real Estate Investment Trust share forecasts, stock quote and buy / sell signals below. The prospectus supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces and territories of Canada.ABOUT GRANITEGranite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Fundamental company data provided by Morningstar and Zacks Investment Research. We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Is Tuscan Holdings (NASDAQ: THCB) Stock a Viable QuantumScape (NASDAQ: QS) Sympathy EV Battery SPAC Play? The distribution will be paid by Granite on November 16, 2020 to stapled unitholders of record at the close of trading on October 30, 2020. Granite Real Estate Investment Trust pays a meaningful dividend of 3.68%, higher than the bottom 25% of all stocks that pay dividends. Granite Real Estate Investment Trust ("Granite" or the "REIT") (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership ("Granite LP") has priced an offering (the "Offering") of C$500 million aggregate principal amount of 3.062% Series 4 senior unsecured debentures due June 4, 2027 (the "Debentures"). Granite owns 109 investment properties representing approximately 46.3 million square feet of gross leasable area.OTHER INFORMATION This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States. Important factors that could cause such differences include, but are not limited to, the risks set forth in the annual information form of Granite Real Estate Investment Trust and Granite REIT Inc. dated March 4, 2020 (the “Annual Information Form”) and management’s discussion and analysis of results of operations and financial position for the three months ended September 30, 2020 (“Q3 MD&A”).  The “Risk Factors” section of the Annual Information Form and the Q3 MD&A also contain information about the material factors or assumptions underlying such forward-looking statements and forward-looking information.  Forward-looking statements and forward-looking information speak only as of the date the statements and information were made and unless otherwise required by applicable securities laws, Granite expressly disclaims any intention and undertakes no obligation to update or revise any forward-looking statements or forward-looking information contained in this press release to reflect subsequent information, events or circumstances or otherwise. Toronto-Dominion CentreSuite 4010 77 King Street West PO Box 159Toronto, ON M5K 1H1Canada647-925-7500http://www.granitereit.com, Sector(s): Real EstateIndustry: REIT—IndustrialFull Time Employees: 46. You may vote once every thirty days. MarketBeat's community ratings are surveys of what our community members think about Granite Real Estate Investment Trust and other stocks. * Properties Under Development – The REIT’s estimated development expenditures for 2021 amount to approximately C$121 million. This payout ratio is at a healthy, sustainable level, below 75%. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. Stock analysis for Granite Real Estate Investment Trust (GRP/U:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The ex-dividend date of this dividend is Thursday, October 29th. As of May 8, 2020, Granite had 53,583,190 Stapled Units issued and outstanding and a public float of 53,445,757 Stapled Units. View Granite Real Estate Investment Trust's dividend history. Your current $100 investment … Forward-looking statements and forward-looking information may include, among others, statements regarding the expected closing date of the Offering, Granite’s intended use of the net proceeds of the Offering to fund the REIT’s acquisition pipeline, commitments under the REIT’s existing development projects and for general trust purposes, Granite’s intention and ability to close the Acquisitions or make future investments and acquisitions on satisfactory terms, Granite’s pro forma liquidity position assuming completion of the Offering, and Granite’s plans, goals, strategies, intentions, beliefs, estimates, costs, objectives, economic performance, expectations, or foresight or the assumptions underlying any of the foregoing. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. © 2020 Verizon Media. View our full suite of financial calendars and market data tables, all for free. The official website for Granite Real Estate Investment Trust is www.graniterealestate.com. Receive a free world-class investing education from MarketBeat. Their forecasts range from C$73.75 to C$88.50. To see all exchange delays and terms of use please see disclaimer. Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Read More. Granite owns over 85 investment properties … P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. * Expansions – Granite’s expansion initiatives in 2021 constitute approximately C$15 million in capital commitments at two assets located in the Greater Toronto Area.Estimated capital requirements for the Acquisitions and development commitments totals over C$700 million, which, together, are expected to add over 6.6 million square feet of gross leasable area to Granite’s current portfolio.Equity OfferingThe REIT and Granite REIT Inc. announced they have entered into an agreement to sell to the Underwriters on a bought deal basis 3,340,000 Units at a price of C$75.00 per Unit for gross proceeds of approximately C$250 million. Granite Real Estate Investment Trust ("Granite" or the "REIT") (TSX: GRT.UN / NYSE: GRP.U) announced today that it has closed its previously announced public offering (the "Offering") of 3,841,000 stapled units (the "Units"), inclusive of 501,000 Units issued pursuant to the exercise in full of the over-allotment option, at a price of C$75.00 per Unit for total gross proceeds of C$288,075,000. In addition, the REIT and Granite REIT Inc. have granted the Underwriters an option, exercisable in whole or in part at any time up to 30 days following closing of the Offering, to purchase up to an additional 501,000 Units at the Offering Price to cover over-allotments, if any (the "Over-Allotment Option") which, if exercised in full, would increase the gross proceeds of the Offering to approximately C$288 million. Development of the initial phase for two distribution/warehouse facilities on 50 acres of a site in Houston, Texas is expected to commence in the second half 2021. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. You can access the full database of monthly dividend stocks … Do Not Sell My Information. We will continue to pursue our robust acquisition pipeline to capitalize on the strong fundamentals of the industrial sector. Granite Real Estate Investment Trust announced a monthly dividend on Thursday, October 29th. Granite owns 108 investment properties representing approximately 45.3 million square feet of leasable area. Granite Real Estate Investment Trust ("Granite" or the "REIT") (TSX: GRT.UN / NYSE: GRP.U) announced today that it has agreed to acquire eight income-producing properties in the United States comprising approximately 4.0 million square feet ("SF") at a combined purchase price of approximately C$332 million (US$246.1 million) (the "Acquisitions"). Export data to Excel for your own analysis. All rights reserved. * Strong Occupancy and Long Lease Terms – The Acquisitions are 95% occupied with a weighted average lease term of approximately 14.3 years to a strong tenant base. 3 equities research analysts have issued 12-month price targets for Granite Real Estate Investment Trust's shares. Each of the individuals nominated for election as a trustee of Granite REIT and a director of Granite GP, as set out Granite’s Management Information Circular dated April 24, 2020, were elected as set out below. © American Consumer News, LLC dba MarketBeat® 2010-2020. Granite Real Estate (GRP.U) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season. Some companies that are related to Granite Real Estate Investment Trust include SEGRO Plc (SGRO.L) (SGRO), Tritax Big Box REIT plc (BBOX.L) (BBOX), Summit Industrial Income REIT (SMU.UN), Dream Industrial Real Estate Invest Trst (DIR.UN), Big Yellow Group Plc (BYG.L) (BYG), Safestore Holdings plc (SAFE.L) (SAFE), WPT Industrial Real Estate Investment (WIR.U), UK Commercial Property REIT Limited (UKCM.L) (UKCM), Hansteen (HSTN), Plymouth Industrial REIT (PLYM), Plymouth Industrial REIT (PLYM), Warehouse REIT plc (WHR.L) (WHR), Big Yellow Group (BYLOF), BWP Trust (BWP.AX) (BWP) and Centuria Industrial REIT (CIP.AX) (CIP). Granite Real Estate Investment Trust ("Granite REIT") (TSX: GRT.UN / NYSE: GRP.U) and Granite REIT Inc. ("Granite GP") announced today the results of the matters voted on at their joint annual general meetings of stapled unitholders held earlier today (the "Meetings"). The P/E ratio of Granite Real Estate Investment Trust is 13.01, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 72.12. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, June 29, 2020 on the Toronto Stock Exchange and on the New York Stock Exchange. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. View which stocks have been most impacted by COVID-19. Our balance sheet remains strong with an estimated pro forma liquidity of approximately C$578 million.”Acquisition and Development UpdateThe total purchase price of the Acquisitions is expected to be approximately C$564 million, excluding transaction costs. Granite Real Estate Investment Trust's stock was trading at C$63.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. In addition, the REIT will move forward with the development of a distribution/warehouse facility on the 36 acres of land in Fort Worth, Texas that it acquired in June 2020. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. The Dow, S&P, and Nasdaq just hit all-time highs. Investors of record on Monday, November 16th will be given a dividend of 0.242 per share on Monday, November 16th. Granite Real Estate Investment Trust (Granite REIT) is a real estate investment trust. This new car cloth can easily remove all the car scratches and dents from your car. The Department of Labor is set to release its weekly report on new jobless claims at 8:30 a.m. Box 159, Toronto-Dominion Centre Toronto, Ontario M5K 1H1 Tel: +1.647.925.7500 The Acquisitions represent an in-going weighted average yield of approximately 5.5% and are fully leased with a weighted average lease term of 5.1 years to a diverse range of strong tenants. Granite Real Estate Investment Trust has a P/B Ratio of 1.27. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area. Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.242 per stapled unit for the month of October 2020. View today's stock price, news and analysis for Granite Real Estate Investment Trust (GRT.UT). Granite Real Estate Investment Trust has a market capitalization of C$4.89 billion and generates C$320.49 million in revenue each year. Granite Real Estate Investment Trust has only been the subject of 2 research reports in the past 90 days. View all competitors. This suggests a possible upside of 4.1% from the stock's current price. Search for home security alarm. Learn more. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Tuesday, September 29, 2020 on the Toronto Stock Exchange and on the New York Stock Exchange. On average, they anticipate Granite Real Estate Investment Trust's share price to reach C$82.61 in the next twelve months. Discover new investment ideas by accessing unbiased, in-depth investment research, Toronto - Toronto Real Time Price. See what's happening in the market right now with MarketBeat's real-time news feed. Learn everything you need to know about successful options trading with this three-part video course. Trading options can make you serious money, fast… But if you ask anyone on Wall Street… They’ll tell you options are too “complicated” and “risky” for everyday people. 11/27: ... 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Currency in CAD, Stock chart is not supported by your current browser, The Man Who Bought Amazon at $48 Says Buy TaaS Now, 2.18% FIXED Mortgage Refi, No Hidden Fees/Points, The Coming Weeks Could Decide Your Wealth in 2021, New Home Security System That Will Blow You Away, Simple Trick To Repair Your Car Scratch & Dent. Pursuant to a previous notice of intention to conduct a NCIB, under which Granite sought and received approval from the TSX to purchase up to 4,853,666 Stapled Units for the period of May 21, 2019 to May 20, 2020, Granite has purchased, as of May 8, 2020, 490,952 Stapled Units on the open market at a weighted average purchase price of $50.95 per Stapled Unit. Sign-up to receive the latest news and ratings for GRT.UN and its competitors with MarketBeat's FREE daily newsletter. The P/E ratio of Granite Real Estate Investment Trust is 13.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.49. Find real-time GRPU - Granite Real Estate Investment Trust stock quotes, company profile, news and forecasts from CNN Business. Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the third quarter ended September 30, 2020 after the close of markets on Wednesday, November 4, 2020. Learn more. View which stocks are hot on social media with MarketBeat's trending stocks report. The distribution will be paid by Granite on December 15, 2020 to stapled unitholders of record at the close of trading on November 30, 2020. Granite Real Estate Investment Trust (“Granite” or “the REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that it and Granite REIT Inc. have entered into an agreement to sell to a syndicate of underwriters led by BMO Capital Markets and TD Securities Inc. (the “Underwriters”) on a bought deal basis 3,700,000 stapled units (“Units”) at a price of C$68.00 per Unit (the “Offering Price”) for gross proceeds of approximately C$252 million (the “Offering”). Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.242 per stapled unit for the month of September 2020. The distribution will be paid by Granite on August 14, 2020 to stapled unitholders of record at the close of trading on July 31, 2020. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. The Company is … This represents a $2.90 dividend on an annualized basis and a yield of 3.66%. View analysts' price targets for Granite Real Estate Investment Trust or view Wall Street analyst' top-rated stocks. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Friday, November 27, 2020 on the Toronto Stock Exchange and on the New York Stock Exchange. Each Unit is comprised of one trust unit of the REIT and one common share of Granite REIT Inc. Looking for new stock ideas? Granite Real Estate Investment Trust quote is equal to 77.440 CAD at 2020-10-03. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Granite Real Estate Investment Trust share forecasts, stock quote and buy / sell signals below. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Friday, August 28, 2020 on the Toronto Stock Exchange and on the New York Stock Exchange. Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.242 per stapled unit for the month of August 2020. The properties are located in Granite’s core distribution and logistics markets in the United States and Europe, with a total gross leasable area of approximately 5 million square feet. The Debentures are Granite’s inaugural Green Bond issuance. According to present data Granite Real Estate Investment Trust's … Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the second quarter ended June 30, 2020 after the close of markets on Tuesday, August 11, 2020. Granite Real Estate Investment Trust has received a consensus rating of Buy. Until rookies across the country started doubling their money in two days. The Debentures will be guaranteed by Granite and Granite REIT Inc. Granite Real Estate Investment Trust ("Granite" or the "REIT") (TSX: GRT.UN / NYSE: GRP.U) announced today that it has closed its previously announced public offering (the "Offering") of … Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The distribution will be paid by Granite on October 15, 2020 to stapled unitholders of record at the close of trading on September 30, 2020. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Thursday, July 30, 2020 on the Toronto Stock Exchange and on the New York Stock Exchange. Granite Real Estate Investment Trust's management team includes the following people: This research firm has an uncanny track record spanning back to 1987. ET, Subscribe to Premium to view Fair Value for GRT-UN.TO. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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