Granite REIT (Granite) is a construction company that offers real estate investment services. The company acquires, develops, constructs and also manages industrial properties. The Company's income-producing properties consist of light industrial properties, heavy industrial manufacturing facilities, corporate offices, warehouse and logistics properties, product development and engineering centers and test facilities. The company has operations in Canada, the United States, Austria, Germany, the Netherlands, the Czech Republic, the United Kingdom and Spain. Granite is headquartered in Toronto, Ontario, Canada.
Headquarters
Canada
Address
Td Centre, 77 King St. West, Suite 4010, P.O. Box 159, Toronto, Ontario, M5K1H1
Website
granitereit.com
Telephone
1 647 9257522
No of Employees
69
Industry
Construction
Ticker Symbol & Exchange
GRT.UN (TSE)
Revenue (2022)
$350.0M
15.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-88.1%
(2022 vs 2021)
Market Cap*
$3.5B
Net Profit Margin (2022)
XYZ
-89.7%
(2022 vs 2021)
* As of and is in US$
Granite REIT premium industry data and analytics
Products and Services
| Services |
|---|
| Acquisition and Development |
| Ownership and Management of Logistics |
| Warehouse and Industrial Properties |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In April, the company selected Hypercharge Networks Corp to install six dual-port Level 2 EV chargers across three of its industrial properties in Texas. |
| 2023 | Others | In January, the company announced the leases at its properties in Graz, Austria. |
| 2022 | Asset Purchase | In May, the company completed the acquisition of 2 income-producing properties and 1 property under development totaling 1.4 million square feet for US$193.6 million in the United States. |
Competitor Comparison
| Key Parameters | Granite REIT | Choice Properties Real Estate Investment Trust | Artis Real Estate Investment Trust | Summit Industrial Income REIT | Automotive Properties REIT |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Toronto | Toronto | Winnipeg | Dartmouth | Toronto |
| State/Province | Ontario | Ontario | Manitoba | Nova Scotia | Ontario |
| No. of Employees | 69 | 285 | 172 | - | - |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kelly Marshall | Chairman | Executive Board | - | - |
| Kevan Gorrie | Chief Executive Officer; Director; President | Executive Board | - | - |
| Teresa Neto | Chief Financial Officer | Senior Management | - | - |
| Lorne Kumer | Head - Global Real Estate; Executive Vice President | Senior Management | - | - |
| Jon Sorg | Head - US; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer