Q: Hi Peter & 5i staff
Thanks for answering my recent real estate sector question in which you suggested that Granite could help diversify my sector holdings.
According to a recent Globe and Mail article, would you agree that Granite "will experience tailwinds because it derives most of its revenue from US based assets"? The article focused on how to manage Trump 2.0.
Thanks as always for your timely responses.
Thanks for answering my recent real estate sector question in which you suggested that Granite could help diversify my sector holdings.
According to a recent Globe and Mail article, would you agree that Granite "will experience tailwinds because it derives most of its revenue from US based assets"? The article focused on how to manage Trump 2.0.
Thanks as always for your timely responses.
5i Research Answer:
Yes. GRT last year had $297M in revenue in the US and just $80M in Canada.