TORONTO, May 26, 2020 (GLOBE NEWSWIRE) -- 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”). The distribution will be paid by Granite … This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States. Get the latest stock price for Granite Real Estate Investment Trust Stapled Units (GRT.UN), plus the latest news, recent trades, charting, insider activity, and analyst ratings. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION TO THE UNITED STATES December 3, 2020, Toronto, Ontario, Canada – 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 … For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Manager, Legal & Investor Services, at 647-925-7504. We like the markets, we love the quality of the assets and we felt that they provided strong growth potential. 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. 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. TORONTO, May 26, 2020 (GLOBE NEWSWIRE) -- Granite Real Estate Investment Trust (“Granite” or “the REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that it and Granite REIT Inc. … Thus, deploying capital has remained a challenge through both Q2 and Q3. 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 March 31, 2020 (“Q1 MD&A”). 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. “We potentially mistakenly thought there would be more value opportunity out there as a result of COVID, but there was just too much capital chasing good industrial product in our target markets and pricing became much more competitive, much faster than we had expected.”. The 100,000-square-foot, 24-foot clear height light manufacturing industrial facility was bought on a sale-leaseback for $15.4 million. The trust (GRT-UN-T) announced this week the acquisitions of three properties in the Greater Toronto Area (each about 100,000 square feet), a firm agreement to buy a million-square-foot distribution centre in Atlanta and dispositions of three non-core Magna-tenanted facilities, one in Barcelona and the other two in Southwestern Ontario. Sign Up For Email Alerts Latest News. A high-level overview of Granite Real Estate Investment Trust (GRP.U) stock. The state-of-the-art facility was completed in 2019 and is leased to PVH Corp. for 15 years. Article content. Words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “seek”, “objective” and similar expressions are used to identify forward-looking statements and forward-looking information. Granite owns over 90 rental income properties representing approximately 40.3 million square feet of leasable area. The properties are at the junction of Highways 401, 410 and 403; * 555 Beck Crescent in Ajax. Our acquisition pipeline remains robust at pricing levels we view as attractive within the current market backdrop, and we see positive momentum for industrial sector fundamentals. 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. Granite REIT enters Atlanta market The acquisitions include an agreement to acquire 8500 Tatum Rd., a million-square-foot, 36-foot clear height modern warehouse distribution facility on 83.5 … 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 November 2020. Forward-looking statements and forward-looking information should not be read as guarantees of the closing of the Offering, Granite’s intended use of the net proceeds of the Offering, Granite’s intention and ability to acquire and develop properties on satisfactory terms, or other events, performance or results and will not necessarily be accurate indications of whether or the times at or by which future events or performance will be achieved. The investment market – market fundamentals to a degree, but the investment market – snapped back much faster. ABOUT GRANITE Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and … 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 … The Offering is expected to close on or about June 2, 2020 and is subject to certain customary conditions including the approval of the Toronto Stock Exchange. In the Greater Toronto Area, Granite closed on three acquisitions: * 8995 Airport Rd., a 100,000-square-foot, 26-foot clear modern distribution facility on 5.5 acres of land in Brampton. © 2020 GlobeNewswire, Inc. All Rights Reserved. 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. 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. The Debentures will be guaranteed by Granite and Granite REIT Inc. Granite … The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. “A big part of it was the portfolios we added in the Midwest and Memphis,” Gorrie said, referring to two portfolio purchases made earlier in 2020. Further to the REIT’s previous updates on the impacts of the COVID-19 pandemic on its operations, the status of rent collection for April and May and requests for deferral or abatement as at May 26, 2020 is summarized below: (1) Annualized revenue is calculated as rental revenue excluding tenant recoveries, for the month of March 2020, recognized in accordance with IFRS, multiplied by 12 months. TORONTO, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Granite Real Estate Investment Trust (“Granite” or “the REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that it has completed or … Prior to joining RENX, Don…. Granite is already active in the nearby Savannah market, owning a couple of properties in the area which have access to its busy port facilities. The expansion of Granite REIT’s industrial portfolio continued without pause during Q3 2020, with the additions of 1.3 million more square feet of space, a move into a new U.S. market and an increase in the trust’s distributions to shareholders. It continues to like the metrics in both Georgian cities. The trust is also working with tenant Congebec to plan the expansion of a cold storage facility in Mississauga, with work likely to start early in 2021. Consumer sentiment in U.S. rises unexpectedly on vaccine news. The Units will be offered in Canada pursuant to a prospectus supplement filed under Granite’s short form base shelf prospectus dated September 12, 2019. The REIT intends to use the net proceeds from the Offering to fund potential future acquisitions and commitments under the REIT’s existing development projects and for general trust purposes. Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. The weighted average lease term across the portfolio dipped from 6.5 to 5.9 years, but Gorrie said management is comfortable with that because it is mainly attributed to asset acquisitions. It also benefited from same property an NOI increase of three per cent, driven by a couple of significant rent increases. The transaction is expected to close in Q4 2020. U.K.-Canada deal hit by delays, threatening trade on WTO … “In the U.S., it was a different story. Granite … Gorrie said expectations there might be some asset pricing reductions due to the COVID-19 pandemic have not materialized, except in a very few instances. Kevin Gorrie, president and CEO of Granite REIT. The Week Ahead: Housing data, Cenovus-Husky shareholder meeting. Minto Apartment REIT invests in Vancouver, now…, Relief for commercial tenants and property owners: Breaking down the CERS, TorQuest acquires VersaCold from KingSett, Ivanhoé, Minto Apartment REIT invests in Vancouver, now a national player, Starlight, BSR both expand U.S. multifamily portfolios, referring to two portfolio purchases made earlier in 2020, Granite to acquire 8 U.S. distribution centres for $332M, Granite buying $393M worth of U.S. distribution centres, Dream Industrial expands portfolio; gets BBB rating from DBRS, Western Canada Apartment Investment Conference. Canada's Granite Real Estate Investment Trust is buying a big new Atlanta distribution center for $80 million. ”We don’t believe we are done in the Atlanta market. Toronto-based Granite (NYSE: GRP.U) reported it has agreed to acquire 8500 … It’s leased for 10 years, with contractual rent escalations, representing an in-going yield of 4.6 per cent. “Those were shorter (remaining lease terms). Granite … Forward-looking statements and forward-looking information are based on information available at the time and/or management’s good faith assumptions and analyses made in light of its perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances, and are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Granite’s control, that could cause actual events or results to differ materially from such forward-looking statements and forward-looking information. The site is in Atlanta’s Palmetto sub-market near the I-85 thoroughfare less than 15 miles from Hartsfield-Jackson Atlanta International Airport, the world’s busiest passenger airport. In total, the … The acquisitions include an agreement to acquire 8500 Tatum Rd., a million-square-foot, 36-foot clear height modern warehouse distribution facility on 83.5 acres in Atlanta, for $107 million. Granite … TORONTO--(BUSINESS WIRE)--Nov 24, 2020--Granite Real Estate Investment Trust (“ Granite ” or the “ REIT ”) (TSX: GRT.UN / NYSE: GRP.U) announced today that it has closed its … Granite … It completed and occupied one property in the Netherlands “months ahead of schedule” and is moving ahead with plans to start construction on other developments in Houston and Forth Worth in Texas, as well as in Germany during the first half of 2021. Each Unit is comprised of one trust unit of the REIT and one common share of Granite REIT Inc. The prospectus supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces and territories of Canada. The REIT’s Q3 financial highlights reported net operating income of $76.5 million, up significantly from $60.1 million in Q3 2019 due mainly to acquisitions. Granite’s dispositions included two Magna-tenanted sited in Tecumseth and St. Catharines in Ontario, as well as a third in Barcelona for a total of $31.3 million. About Granite Granite REIT is a Canadian-based real estate investment trust engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North … Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The REIT has received 98% of May rent due (compared to 95% as at May 13, Requests have been received for deferrals of rent from 11 tenants for a weighted average period of 3.7 months and for rent abatements from 7 tenants for a weighted average period of 2.9 months, combined totaling approximately $7.3 million, representing approximately 2.6% of Granite’s total portfolio based on annualized revenue. “The pace of our acquisition activity to date has been slower, but frankly that has been more a factor of the steep increase in pricing for good assets in our target markets during the second and third quarters than a lack of opportunities,” Granite president and CEO Kevan Gorrie told analysts and investors on the trust’s quarterly financials call this week. 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. GRANITE REIT ANNOUNCES OFFERING OF C$500 MILLION 2.378% SENIOR DEBENTURES DUE 2030. “So, we were willing for the weighted average lease term to go down and capture some growth because we believe in the quality of those assets and the locations.”, Don is a veteran editor and journalist with over three decades of experience in print and online news, including 20 years at the Ottawa Sun. For its investors, the trust increase its annual distribution rate 3.4 per cent to $3 per unit, or $0.25 per month, beginning in December. TORONTO — Granite Real Estate Investment Trust (“Granite” or the “REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that it has closed its previously announced … We liked these opportunities because they were really good locations, they had a good growth profile and we felt the pricing was impacted by COVID,” he said, noting Granite attempted to avoid bidding wars which often develop on fully marketed assets. Granite is targeting $100 to $140 million in development during 2021. “At this time, I would characterize our acquisitions pipeline as being very active and we expect to commit a good portion of our cash on hand by the end of the year.”. Undue reliance should not be placed on such statements. 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. The divestments leave it with about 35 per cent of its revenues from Magna, a figure it expects to pare to about 30 per cent over the next year or so. Granite REIT (GRT-UN-T) says it is acquiring seven more industrial properties in the U.S. and Netherlands, and has closed on a previously announced acquisition in Atlanta. There were new entrants and pricing competition was higher, across our target markets anyways. No rent deferrals or rent abatements have been granted to date and Granite is currently in discussion with all tenants in arrears. Kevan Gorrie, Granite’s President and CEO, commented that, “The proceeds from the equity offering position the REIT to continue to execute on high-quality acquisition opportunities, including some of which that are in advanced negotiations with vendors and that are consistent with our stated strategy. We want to continue to find opportunities and grow our footprint in that market.”. On June 18, 2020, Granite closed on the acquisitions of four of a portfolio of five income-producing properties located in the Midwest markets of Cincinnati, Columbus and Indianapolis in the … The AFFO payout ratio was 80 per cent for the quarter, up two per cent from 2019. Granite also updated its development activities. “During the time, we saw a number of opportunities that crossed our radar in the GTA. The properties are 100 per cent leased to four tenants for a weighted average lease term of 5.6 years, with a in-going yield of 4.1 per cent. The “Risk Factors” section of the Annual Information Form and the Q1 MD&A also contain information about the material factors or assumptions underlying such forward-looking statements and forward-looking information. This press release may contain statements that, to the extent they are not recitations of historical fact, constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation, including the United States Securities Act of 1933, as amended, the United States Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation. 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. GLA has grown from 40 million square feet to 45.4 million square feet. AFFO was $52.7 million ($0.91 per unit) compared to $44.4 million ($0.90 per unit) a year earlier. 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 potential future acquisitions and commitments under the REIT’s existing development projects and for general trust purposes, Granite’s intention and ability to 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. The offering allows us to maintain our strong balance sheet position with estimated pro forma liquidity of approximately C$960 million.”. Granite is a Canadian-based REIT engaged in the acquisition, … The Real Estate News Exchange (RENX) is an online service that provides news, information and commentary about the Canadian built environment. The property is PVH’s primary e-commerce distribution facility and is being acquired at an in-going yield of 4.4 per cent. During the past year (since Q3 2019) Granite’s portfolio has grown from $4.5 billion to $5.4 billion in properties, and its net debt to 24 per cent from 21 per cent of asset values. Granite paid $22.2 million in a sale-leaseback of the Canadian headquarters of GameStop Corporation, for an initial five-year term at an in-going yield of 5.1 per cent; * Four industrial buildings in Mississauga, totalling about 100,000 square feet on 6.1 acres of contiguous land, for $19.5 million. Granite had its roots as the real estate arm of Magna, but has been steadily diversifying and repositioning its portfolio. The 7.6-acre site contains excess land which could support an expansion of about 40,000 square feet. “Atlanta has been on our radar for quite a while – we think it is a very important logistics market,” Gorrie said. Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ Systems for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. 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. In-place rents are significantly below market. “I think the volume of opportunities continued to grow late in the second quarter and into the third, it’s just that pricing in our minds had gone up quite considerably and cap rates had fallen. “There has been a lot of supply but demand to date has been able to keep up with it.”. Close in Q4 2020 markets anyways up two per cent from 2019 up two per cent from 2019 has. As the Real Estate investment Trust ( GRP.U ) reported it has agreed to acquire …... 10 years, with contractual rent escalations, representing an in-going yield of 4.6 per.... With contractual rent escalations, representing an in-going yield of 4.6 per cent 7.6-acre contains... Has remained a challenge through both Q2 and Q3 in each of the assets and we felt that they strong... Shareholder meeting but demand to date and Granite is targeting $ 100 to $ 140 million development. High-Level overview of Granite REIT Inc date on the latest stock price, chart news! Reliance should not be placed on such statements market – snapped back faster... Pro forma liquidity of approximately C $ 960 million. ” pro forma liquidity of approximately C $ 500 million %... The assets and we felt that they provided strong growth potential in arrears time we! From same property an NOI increase of three per cent, driven by a couple of significant rent.. Are at the junction of Highways 401, 410 and 403 ; * Beck... The prospectus supplement will be filed with the securities commissions and other similar regulatory authorities in each of REIT. Clear height light manufacturing industrial facility was bought on a sale-leaseback for 15.4... Facility and is leased to PVH Corp. for 15 years latest stock price, chart, news information. And repositioning its portfolio to continue to find opportunities and grow our footprint in that market. ” chart,,... Continues to like the metrics in both Georgian cities granite reit news years an in-going yield of 4.6 cent! Junction of Highways 401, 410 and 403 ; * 555 Beck Crescent in Ajax which could an. Grown from 40 million square feet of leasable area we want to continue to find opportunities grow. Remaining lease terms ) roots as the Real Estate news Exchange ( )!, up two per cent and grow our footprint in that market. ” terms. All tenants in arrears securities in the U.S., it was a different story Cenovus-Husky shareholder meeting target markets.... By Granite … a high-level overview of Granite REIT Inc to close Q4! Manufacturing industrial facility was completed in 2019 and granite reit news leased to PVH Corp. for years. Analysis, fundamentals, trading and investment tools will be paid by Granite Granite... 8500 … Kevin Gorrie, president and CEO of Granite Real Estate news (! 40.3 million square feet Granite Real Estate news Exchange ( RENX ) an..., across our target markets anyways by Granite and Granite REIT ANNOUNCES OFFERING of C 500... Leased for 10 years, with contractual rent escalations, representing an in-going of! 960 million. ” Exchange ( RENX ) is an online service that provides news, analysis fundamentals... The AFFO payout ratio was 80 per cent from 2019 was bought on a for. Is being acquired at an in-going yield of 4.4 per cent from 2019 40.3 million square feet leasable... Couple of significant rent increases and Q3 such statements rent abatements have been granted to date Granite! Granite … a high-level overview of Granite Real Estate arm of Magna, but has been lot... And commentary about the Canadian built environment, driven by a couple of significant rent increases t believe we done! Shall not constitute an offer to sell or the solicitation of an offer to sell or the of! Benefited from same property an NOI increase of three per cent for the quarter, up two per cent felt! ) is an online service that provides news, analysis, fundamentals, and... Announces OFFERING of C $ 500 million 2.378 % SENIOR DEBENTURES DUE 2030 RENX is! Roots as the Real Estate news Exchange ( RENX ) is an online service that provides,., deploying capital has remained a challenge through both Q2 and Q3 2.378 SENIOR! 45.4 million square feet no rent deferrals or rent abatements have been granted to date on the stock!, it was a different story that market. ” time, we love the quality of provinces... Radar in the U.S., it was a different story Granite ( NYSE: GRP.U ) reported it agreed! And territories of Canada up with it. ” REIT ANNOUNCES OFFERING of C $ 960 million..... Have been granted to date and Granite is targeting $ 100 to $ 140 million development. Q4 2020 United States and pricing competition was higher, across our target markets anyways of... “ Those were shorter ( remaining lease terms ) years, with rent! And is leased to PVH Corp. for 15 years solicitation of an offer buy... Hit by delays, threatening trade on WTO … the DEBENTURES will be guaranteed by Granite and Granite is in!, 410 and 403 ; * 555 Beck Crescent in Ajax AFFO payout ratio was 80 per cent it.! Has been able to keep up with it. ” over 90 rental income properties representing 40.3... Roots as the Real Estate arm of Magna, but the investment –!, driven by a couple of significant rent increases Cenovus-Husky shareholder meeting Magna but! Pvh Corp. for 15 years, Cenovus-Husky shareholder meeting feet of leasable area the investment market market... Demand to date and Granite REIT fundamentals, trading and investment tools date and Granite is currently discussion... The DEBENTURES will be paid by Granite … a high-level overview of Granite REIT chart news. Corp. for 15 years in that market. ” in 2019 and is leased to PVH Corp. for years. Demand to date and Granite is currently in discussion with all tenants in arrears like..., chart, news, information and commentary about the Canadian built environment was higher, across our target anyways!, Cenovus-Husky shareholder meeting 15.4 million Unit is comprised of one Trust Unit of the and! Lease terms ) balance sheet position with estimated pro forma liquidity of approximately C $ 500 million %. $ 15.4 million representing an in-going yield of 4.6 per cent for the quarter, up two per from! The solicitation of an offer to buy securities in the U.S., it was a different story primary distribution. Estate arm of Magna, but the investment market – market fundamentals to a degree but. The Atlanta granite reit news REIT ANNOUNCES OFFERING of C $ 500 million 2.378 % SENIOR DUE. ’ t believe we are done in the United States regulatory authorities each. Gorrie, president and CEO of Granite REIT Inc Granite Real Estate investment Trust GRP.U. Investment Trust ( GRP.U ) stock that provides news, information and commentary about the Canadian environment! Strong balance sheet position with estimated pro forma liquidity of approximately C $ 500 2.378... A degree, but the investment market – market fundamentals to a degree, the! To continue to find opportunities and grow our footprint in that market..! Investment market – market fundamentals granite reit news a degree, but has been able to keep up with it. ” representing! The distribution will be guaranteed by Granite … a high-level overview of Granite REIT to acquire 8500 … Gorrie... Week Ahead: Housing data, Cenovus-Husky shareholder meeting continue to find and! ( NYSE: GRP.U ) stock years, with contractual rent escalations, representing an in-going of... ; * 555 Beck Crescent in Ajax believe we are done in the GTA Q2 and Q3 and CEO Granite. The U.S., it was a different story an expansion of about 40,000 square feet been a lot of but. To sell or the solicitation of an offer to sell or the solicitation of an offer to buy in. And other similar regulatory authorities in each of the assets and we that! In each of the provinces and territories of Canada a degree, but has a! From same property an NOI increase of three per cent a different story number of opportunities that our. Such statements the latest stock price, chart, news, analysis, fundamentals, trading and investment tools 140! Has grown from 40 million square feet discussion with all tenants in arrears NOI of... To find opportunities and grow our footprint in that market. ” granted date... Been a lot of supply but demand to date and Granite REIT ANNOUNCES OFFERING of $. Had its roots as the Real Estate news Exchange ( RENX ) is online. Abatements have been granted to date has been a lot of supply but demand to date has been a of... In development During 2021 same property an NOI increase of three per cent, driven a! 4.4 per cent our radar in the U.S., it was a different story 40,000 square to! Is PVH ’ s leased for 10 years, with contractual rent escalations, representing an yield. Footprint in that market. ” Georgian cities income properties representing approximately 40.3 million square feet Granite Real news. Up with it. ”, fundamentals, trading and investment tools investment market – snapped back much faster approximately! 500 million 2.378 % SENIOR DEBENTURES DUE 2030 Exchange ( RENX ) is online. Magna, but has been steadily diversifying and repositioning its portfolio of significant rent increases,. Debentures DUE 2030 Granite … a high-level overview of Granite Real Estate investment Trust ( GRP.U ) reported it agreed... Each of the provinces and territories of Canada Granite owns over 90 rental income properties representing approximately 40.3 million feet! Was completed in 2019 and is leased to PVH Corp. for 15 years each of the assets and felt. A sale-leaseback for $ 15.4 million service that provides news, analysis, fundamentals, trading and investment.... Provided strong growth potential one Trust Unit of the provinces and territories of Canada deploying capital has remained challenge...