Portfolio Transformation Strategy
GRANITE HIGHLIGHTS
ORGANIZATIONAL PRINCIPLES
Long-term total return focused
PORTFOLIO OVERVIEW
86 income-producing properties + 7
development properties/land
FINANCIAL PERFORMANCE
77% LTM AFFO POR
Conservative and flexible capital
structure
Platform strength and active asset
management
40.3M square feet
23% net leverage ratio
GRT.UN on TSX and GRP.U on NYSE
$4.8B in property value
Institutional quality real estate
portfolio
High quality and creditworthy
tenant base
Alignment with unitholders
Market Cap. of ~$3.4B and EV of
~$4.4B
Investment grade ratings with
stable outlook (BBB / Baa2)
6.3 years of weighted average lease
term
8 consecutive annual distribution
increases
Global Industrial Real Estate Platform
Market capitalization and enterprise value are as at April 30, 2020.
Granite investment grade ratings are as per DBRS/Moody's.
Where applicable, figures include the acquisition of a property subsequent to March 31, 2020 in Weert, Netherlands.
May 2020
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