PE
1998
$7 119 M
Toronto, Ontario, Canada
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Profile
Granite Real Estate Investment Trust (Granite REIT) is a Canadian-based real estate investment trust focused on acquiring, developing, owning, and managing industrial, warehouse, and logistics properties primarily in North America and Europe. The company, headquartered in Toronto, Ontario, operates through Granite LP and trades on the Toronto Stock Exchange and New York Stock Exchange.
Founded in 2003 as a spinoff from Magna International Inc., Granite REIT has grown its portfolio to include approximately 145 properties, totaling around 33 million square feet. Its properties feature modern warehouses and multipurpose facilities located in nine countries, including the United States, Canada, the Netherlands, and Germany. Granite generates revenue mainly through long-term leases, with Magna International Inc. being its principal tenant, contributing significantly to its revenue.