Granite REIT
Granite REIT is a Canadian-based industrial real estate investment trust that owns and manages 145-147 logistics, warehouse, and industrial properties totaling approximately 62 million square feet across six countries in North America and Europe, leased primarily to blue-chip e-commerce, logistics, automotive, and home furnishings tenants.
- Company typePublic
- Founded2013
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Granite REIT does
Granite Real Estate Investment Trust is a Canadian-domiciled, publicly-traded industrial REIT engaged in the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties across North America and Europe. The company's portfolio consists of 145-147 investment properties representing approximately 61.5-62.6 million square feet of leasable area, diversified across six countries (Canada, the United States, Germany, the Netherlands, Austria, and the United Kingdom) and leased primarily to blue-chip e-commerce, logistics, automotive, and home furnishings tenants including Amazon, Magna International, Wayfair, RH, and CEVA Logistics. As of February 2026, the portfolio carried a 98% occupancy rate, reflecting long-duration lease structures with mission-critical tenants in key distribution corridors.
The company operates a single, unified industrial logistics platform with no modular product tiers, no digital application surface, and no disclosed API or software offering; the principal product is the property portfolio itself. Headquartered at the Toronto-Dominion Centre in Toronto with regional offices in Dallas, Amsterdam, and Vienna, Granite is led by President and CEO Kevan Gorrie and CFO Teresa Neto, supported by an experienced regional leadership bench. The REIT completed the unwind of its stapled unit structure in October 2024, transitioning to a conventional trust unit structure in which Granite REIT Inc. operates as a wholly-owned subsidiary.
Granite generates revenue primarily through rental income from long-term industrial property leases, with $618 million in reported 2025 revenue and $519.8 million in operating income. Capital formation is executed through senior unsecured debentures (C$800M in October 2024 and C$300M in January 2025), green bonds (C$400M in October 2023), a €70 million term loan, and an at-the-market equity program renewed in October 2025. The REIT distributes CAD $0.2958 per unit monthly to unitholders, with coverage by 11 institutional research firms including BMO Capital Markets, RBC Capital Markets, TD Securities, CIBC, and Scotiabank.
Granite REIT firmographics
Firmographics- Name
- Granite REIT
- Legal name
- Granite Real Estate Investment Trust
- Website
- https://granitereit.com
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Granite REIT is a Canadian-based industrial real estate investment trust that owns and manages 145-147 logistics, warehouse, and industrial properties totaling approximately 62 million square feet across six countries in North America and Europe, leased primarily to blue-chip e-commerce, logistics, automotive, and home furnishings tenants.
- Ownership category
- akta.pro rank
Granite REIT industry classification
Industry- Product category
- Industrial and Logistics Real Estate
- NAICS
- Trusts, Estates, and Agency Accounts (52592)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
Keywords
Where Granite REIT is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
Granite REIT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure
Revenue model
- Rental Income from Industrial Properties: Granite REIT generates revenue primarily through rental income from its portfolio of industrial/logistics/warehouse properties leased to tenants on long-term contracts. The REIT owns properties across North America and Europe, with tenants including major e-commerce and logistics companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly distributions to unitholders |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Granite REIT product offering
Product offeringCore offering
Granite REIT acquires, develops, owns, and manages a portfolio of logistics, warehouse, and industrial real estate properties leased primarily to large multinational corporate tenants on long-term lease agreements. The trust operates 145 investment properties spanning approximately 61.5 million square feet across Canada, the United States, Germany, the Netherlands, Austria, and the United Kingdom.
Product overview
Granite REIT operates as a single, unified real estate investment trust offering focused on industrial logistics, warehouse, and industrial properties. The company's core product is its property portfolio, which consists of 145 investment properties across 6 countries (Canada, United States, Germany, Netherlands, Austria, and UK) with 98% occupancy. Properties are leased to major tenants including Amazon, Magna International, Wayfair, RH, and CEVA on long-term leases. The company does not offer modular products, add-ons, or separate service tiers.
Differentiator
Problem solved
Functional benefit
Products and services
- Industrial and Logistics Property Leasing
- Industrial Property Acquisition
- Industrial Property Development
- Property and Asset Management
Quantifiable outcome
- 98% portfolio occupancy rate
- +2 more outcomes
Companies that use Granite REIT
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles1 record
Granite REIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Granite REIT partnerships and signals
Strategic signalScale indicators14 records
Recent moves7 records
Expansion highlights5 records
Granite REIT competitors and assessment
Company assessmentDirect peers
- Rexford Industrial Realty: US-listed pure-play industrial REIT focused on Southern California infill logistics. Directly comparable in asset class and tenant profile, though with US-only geographic exposure.
- Prologis: The world's largest pure-play industrial/logistics REIT. Directly comparable to Granite in business model (long-WAULT industrial leases, multi-country footprint) and tenant type (e-commerce and 3PL occupiers), though at significantly larger scale.
- Dream Industrial REIT: Canadian-listed industrial REIT with a portfolio concentrated in Canada and Europe. Closest direct comp on TSX given shared geographic focus, asset class, and Canadian tax/REIT structure.
- EastGroup Properties: US-listed industrial REIT focused on Sunbelt distribution markets. Same asset class (multi-tenant bulk distribution) and comparable tenant base of regional and national logistics users.
- First Industrial Realty Trust: Diversified US industrial REIT operating light industrial and bulk logistics properties. Comparable asset mix and tenant credit profile, though US-only.
- Terreno Realty: US-listed industrial REIT focused on infill last-mile logistics in six major US coastal markets. Directly comparable in asset class and small-format industrial focus.
- STAG Industrial: US-listed industrial REIT with a single-tenant and multi-tenant industrial focus across the US. Same asset class and similar lease structure to Granite's tenant roster.
- Segro plc: UK-listed European industrial/logistics REIT with significant German and Dutch exposure. Direct overlap with Granite's European portfolio (Germany, Netherlands, Austria, UK) and similar big-box distribution asset class.
Broad incumbents
- Americold Realty Trust: Largest publicly-traded temperature-controlled warehouse REIT. Adjacent industrial REIT with overlapping tenant types (food, e-commerce grocery fulfillment) and similar geographic/logistics thesis, though specialized in cold storage.
Regional players
- CapitaLand Ascendas REIT: Asia-Pacific (Singapore-listed) industrial and logistics REIT. Comparable industrial asset class and tenant profile, though focused on Asian markets rather than Granite's North America/Europe footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Granite REIT social profiles
Digital presenceGranite REIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
Granite REIT leadership team
Management profileNumber of profiles
Granite REIT subsidiaries and ownership
Company hierarchySubsidiaries1 record
Granite REIT funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Granite REIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Granite REIT
What does Granite REIT do?
Granite REIT acquires, develops, owns, and manages a portfolio of logistics, warehouse, and industrial real estate properties leased primarily to large multinational corporate tenants on long-term lease agreements. The trust operates 145 investment properties spanning approximately 61.5 million square feet across Canada, the United States, Germany, the Netherlands, Austria, and the United Kingdom.
Is Granite REIT a public or private company?
Granite REIT is a public company. It is classified as public and is currently operating.
When was Granite REIT founded?
Granite REIT was founded in 2013. It employs 51 to 100 people.
Where is Granite REIT based?
Granite REIT is headquartered in Toronto, Canada, in the North America region.
How does Granite REIT make money?
One revenue line is on record: rental Income from Industrial Properties.
Who are Granite REIT's main competitors?
Direct peers on record are Rexford Industrial Realty, Prologis, Dream Industrial REIT, EastGroup Properties, First Industrial Realty Trust, Terreno Realty, STAG Industrial and Segro plc. Americold Realty Trust is listed as a broad incumbent. CapitaLand Ascendas REIT is listed as a regional player.
Does Granite REIT have an API?
No public API is recorded for Granite REIT.
What industry is Granite REIT in?
Granite REIT's product category is Industrial and Logistics Real Estate. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities. Its NAICS code is 52592 and its SIC code is 6798.