TSX:GRT.UNIndustrial REITs
Is Granite REIT’s NYSE Delisting And OTCQX Shift Altering The Investment Case For Granite Real Estate Investment Trust (TSX:GRT.UN)?
Granite Real Estate Investment Trust has announced it will voluntarily delist its units from the New York Stock Exchange, maintain its Toronto Stock Exchange listing under GRT.UN, and seek quotation on the OTCQX platform for US investors.
Management cited that NYSE trading represents less than 1% of Granite’s global average daily volume, arguing that the cost savings and simpler single-exchange structure are in unitholders’ best interests.
We’ll now examine how concentrating liquidity on the...