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GRT-UN.TO

Granite Real Estate Investment Trust

Updated Jul 30, 2026

Real Estate · REIT - Industrial · Canada · Stock

Score Pending — Limited Data

Score Pending — Limited Data

We do not currently have enough commercially displayable company-specific financial data to calculate a reliable score. This is not a negative assessment of the company.

This company is scored by a separate, open-government-data-only model when enough evidence exists — sourced entirely from Green (explicitly commercially-reusable) government datasets, never from SEC EDGAR, a commercial vendor, or the company's own website. How it works →

Factors Without Displayable Evidence

growthprofitabilityfinancial healthmomentumdividendtheme

Source Investigation

Parent (traded security): Granite Real Estate Investment Trust

Regulated/source entity: None identified from a Green source this pass

Granite is a real estate investment trust -- no OSFI, CER, or equivalent structured financial-data source applies.

Source class: green government open data
Last verified: 2026-07-29

Company Overview

Granite REIT is engaged in the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties in North America and Europe. Granite completed a court-approved "unwind" of its stapled-unit structure on October 1, 2024 (Granite REIT Inc., a separate SEC-registered entity under its own CIK, became a wholly-owned subsidiary of the trust and deregistered from SEC reporting shortly after). Separately, on December 10, 2025 Granite Real Estate Investment Trust itself (the trust, under its own distinct CIK) announced its intention to voluntarily delist from the NYSE and deregister from SEC reporting; it filed a Form 25 with the SEC on 2025-12-22 and a Form 15F-12B on 2026-01-05. Its TSX listing (GRT.UN) is directly confirmed, in the same announcement, as unaffected. Both facts are directly relevant to accurately describing its current corporate/reporting structure.

Business Segments

Organized geographically (Canada, United States, Europe) rather than by named divisions; it leases properties to a diversified base of logistics, warehouse, and industrial tenants rather than any single anchor tenant.

Geographic Exposure

Canada, the United States, and Europe, with European operations specifically located in Germany, the Netherlands, and Austria.

Source Documents

Coverage Limitations

This page is limited to basic, independently corroborated company identity, business description, segments, and geographic exposure. The 2026-07-31 evidence-gate correction pass distinguished two separate SEC-registered Granite entities that a prior pass had conflated: Granite REIT Inc. (CIK 1564540, deregistered via Form 15-12G on 2024-10-15 as part of the 2024 stapled-unit unwind) and Granite Real Estate Investment Trust itself (CIK 1564538, the trust described on this page, whose last Form 40-F was 2025-02-26, last Form 6-K was 2025-12-17, Form 25 was filed 2025-12-22, and Form 15F-12B was filed 2026-01-05). Its TSX listing (GRT.UN) is directly confirmed as unaffected by its own December 10, 2025 press release, retrieved and hashed. SEDAR+ (the Canadian primary regulatory filing system) was not scraped for this review, per this project's source policy. No unsupported superlative or promotional claims, and no unsupported precise financial figures, are included. No quantitative fundamentals score is available for this company.

Research Summary

AI-generated analysis reflects data and conditions as of the report date shown above. Verify any specific figures through primary sources before acting on this analysis.

Granite Real Estate Investment Trust (TSX: GRT.UN) is a Canadian REIT focused on logistics, warehouse, and industrial properties across Canada, the United States, and Europe, with historical ties to Magna International. GRT-UN.TO shows Score Pending on this site: REITs are not subject to OSFI or Canada Energy Regulator oversight, and no Green government open-data source was identified that contains Granite's company-specific financial figures.

Plain English

Granite owns warehouses and industrial buildings across North America and Europe. This site doesn't show a score because REITs aren't regulated by any of the free government data sources this site uses.

Bull Case vs. Bear Case

Bull Case

  • Granite's geographically diversified (North America and Europe) industrial portfolio is a publicly-documented positioning independent of this site's scoring model.
  • Industrial/logistics real estate has been a structurally favoured property type amid growth in e-commerce and supply-chain reconfiguration, a general sector tailwind.

Bear Case

  • No company-specific financial evidence from an approved Green source was found for any scoring factor.
  • Industrial REITs carry occupancy and financing-cost sensitivity as sector-level considerations that remain entirely unassessed here.

Risk Profile

No quantitative risk assessment can be offered because no company-specific financial data was available from an approved open-data source.

Key Catalysts to Watch

Coverage would improve if a Canadian securities or real estate regulator published structured, firm-level financial data for REITs under a commercially reusable open licence.

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This report is for educational and research purposes only. It does not constitute financial, investment, legal, or tax advice — always conduct your own due diligence before making investment decisions.