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home / news releases / MGA - Granite REIT: The Logistics Company Delivering Dividend Growth

MGA - Granite REIT: The Logistics Company Delivering Dividend Growth

Magna International Inc.

Summary

  • Granite REIT recently announced its 12th consecutive annual distribution increase.
  • The REIT has a superb balance sheet with uniquely low financing costs.
  • Granite has an industry-leading 99.1% occupancy rate across its 128 income-producing properties.
  • Granite will benefit from a constructive setup for industrial REITs in 2023 spurred by low-vacancy rates and strong demand for leasing.
  • Offering a 3.7% dividend yield, Granite is one of the highest-quality REITs in the industrial space.

For further details see:

Granite REIT: The Logistics Company Delivering Dividend Growth
Stock Information
Company Name: Magna International Inc.
Stock Symbol: MGA
Market: NYSE
Website: magna.com
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