TSX:GRT.UNIndustrial REITs
Granite REIT (TSX:GRT.UN) Valuation After Q3 Revenue Growth, Lower Net Income, and Distribution Hike
Granite Real Estate Investment Trust (TSX:GRT.UN) just released its third quarter results, highlighting higher year-over-year revenue but lower net income. The company also announced a 4% increase to its annualized distribution, which will take effect in December.
See our latest analysis for Granite Real Estate Investment Trust.
Granite's steady climb, with a year-to-date share price return of 12.8%, suggests investors are warming to its recent distribution hike and revenue growth. However,...