Investment Thesis
Granite REIT (GRP.U) (TSX:GRT.UN) is an industrial REIT that owns about 32 million square feet of properties in North America and Europe. The REIT has consistently keep its occupancy ratio above 98% in the past two years. In addition, the company has a very healthy balance sheet which allows it to pursue accretive acquisitions and development projects. With consistent increases in its dividend and a safe 5.4% dividend yield, Granite is an ideal choice for investors seeking both dividend growth and capital appreciation.
Source: Company Website