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