Q: I like that GRT. UN has diversified from majority special purpose real facilities to majority distribution & e-commerce facilities in then last 10 years. All other metrics look good for this REIT.
What do you think about GRT.UN at these levels? Should investors be concerned about Magna being the largest tenant of GRT.UN?
Any other REIT's you would recommend if a patient investor wanted to start building real estate positions?
What do you think about GRT.UN at these levels? Should investors be concerned about Magna being the largest tenant of GRT.UN?
Any other REIT's you would recommend if a patient investor wanted to start building real estate positions?
5i Research Answer:
MG may not be in high growth mode, and may be impacted by tariffs, but we would still consider it a very high quality tenant overall. With good cash flow, a payout ratio of 66%, and some decent growth expected next year, we would consider it attractive for income at 11X cash flow right now. DIR.UN also looks good.