Granite Real Estate Investment Trust, founded in 2003 and based in Toronto, Canada, is a publicly traded real estate investment trust focused on acquiring, developing, and managing income-producing properties. The company's portfolio primarily consists of industrial properties in North America and Europe, catering to a diverse tenant base and aimed at delivering stable cash flows to its investors.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GRTCN 3.06% 2027-06-04 CADGranite Real Estate Investment Trust | Canada | 2027-06-04 | 3.062 | 3.10 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Granite has a history of bond issuance that dates back to its earlier growth phases, with significant offerings in 2015 and 2018 that funded acquisitions and expansion efforts. In 2021, Granite issued a notable C$200 million bond, which was well-received with a yield competitive to industry benchmarks, reflecting investor confidence. The trust is known for its prudent financial management and recently announced plans for refinancing existing debt through new bond issuances, aimed at lowering overall interest expenses while maintaining favorable terms.