Granite's Evolution
GRANITE HIGHLIGHTS2
ORGANIZATIONAL PRINCIPLES
Long-term total return focused
PORTFOLIO OVERVIEW
122 income-producing properties +
12 development properties/land
FINANCIAL PERFORMANCE
80% LTM AFFO POR³
Conservative and flexible capital
structure
55.9M square feet with
99.7% occupancy
26% net leverage ratio³
Platform strength and active asset
management
Institutional quality real estate
portfolio
$8.1B in property value
High quality and creditworthy
tenant base
GRT.UN on TSX and GRP.U on NYSE
Market Cap. of ~$6.2B and EV of
~$8.3B
Investment grade ratings with
stable outlook (BBB (high) / Baa2)
Alignment with unitholders
5.8 years of weighted average
lease term
1 Market capitalization and enterprise value are as of March 4, 2022.
Global Industrial Real Estate Platform
2 Excludes assets held for sale and reflects adjustments for subsequent events. Refer to the "Subsequent Events" section in Appendix C on page 25.
3 For definitions of Granite's non-IFRS performance measures and non-IFRS ratios, refer to Appendix A and B on page 23 and 24.
4 Granite investment grade ratings are as per DBRS/Moody's.
11 consecutive annual distribution
increases
March 2022
3View entire presentation