Granite Real Estate Investment Trust GRTUN.TO

Company Overview

Granite Real Estate Investment Trust is a Canadian-based real estate investment trust focused primarily on the ownership, development, and management of income-producing industrial, logistics, and warehouse properties. The trust operates within the commercial real estate industry, with a strategic emphasis on modern logistics facilities that support global supply chains. Its primary revenue driver is rental income generated from long-term leases with large, creditworthy tenants, many of which operate in manufacturing, distribution, and e-commerce-related activities.

Granite was formed in 2003 following the separation of real estate assets from Magna International, and for many years Magna remained its dominant tenant. Over time, the trust deliberately diversified its tenant base, property types, and geographic exposure to reduce concentration risk. This evolution positioned Granite as a globally diversified industrial REIT with a focus on high-quality assets, conservative leverage, and internally funded growth.