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Update

Granite REIT (TSX: GRT.UN, NYSE: GRP.UN)

GRT.UN was spun-out from Magna in 2011. It houses the properties on which MG’s plant were built. Management has since pledged to diversify to other industries . And it has been delivering on that promise. It has cut its reliance on Magna by more than a third. It is in nine countries, split more or less semi-evenly between Canada, the USA, and Europe (though it is based in Toronto.


Income Investor

We took half profits at $90 early in 2023. But Granite has continued to deliver solid growth and is now a Buy. - Gavin Graham

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GRT.UN was first recommended here on December 22, 2018