# Granite Real Estate Investment Trust

Granite Real Estate Investment Trust is a Real Estate Investment Trust based in King City, Canada.

## Overview

- **Organization type:** Real Estate Investment Trust
- **Headquarters:** King City, Canada
- **Region:** North America
- **Address:** King City, Ontario, Canada
- **Founded:** 1995
- **Assets under management:** ~$9.2 billion (as of Q4 2023, per public filings) (Altss estimate)
- **Website:** www.granitereit.com

## Regulatory record

- **Reports private funds:** No

## About

Granite Real Estate Investment Trust is headquartered in Toronto, Canada. It owns and manages an industrial rental portfolio in North America and Europe. Properties are acquired, developed, constructed, leased, and managed by the company.

## Sectors

- Real Estate
- Industrial
- Logistics & Supply Chain
- Infrastructure

## People

- Michael Forsayeth — President and Chief Executive Officer

## Questions

### How does Granite REIT generate returns?

Granite owns properties leased under long-term triple-net leases, meaning tenants pay property taxes, insurance, and maintenance. This provides stable, predictable cash flow. The trust distributes most taxable income to unitholders as dividends, typical for REIT structure.

### What types of properties does Granite focus on?

Granite targets industrial, logistics, and infrastructure properties. Its portfolio includes manufacturing plants, warehousing facilities, distribution centers, and data centers. The trust avoids office, retail, and residential real estate.

### Who leads investment decisions at Granite REIT?

Michael Forsayeth serves as President and CEO, overseeing strategy and capital allocation. The board and management team operate within the trust's mandate to acquire and manage industrial properties. Detailed bios are available in the firm's annual filings.

### What is Granite's geographic focus?

Granite holds properties primarily in Canada, the United States, and Europe. Major markets include Ontario, Quebec, the U.S. Midwest and Southeast, and countries such as Germany and the United Kingdom.

### What is Granite's relationship to Magna International?

Granite was created from the spin-off of Magna International's real estate assets, and Magna remains a significant tenant. However, Granite operates independently with a diversified tenant base. This lineage gives Granite a portfolio of functional industrial properties built to tenant specifications.

## Related profiles

- [American Heritage International Inc.](https://altss.com/profile/american-heritage-international-inc)
- [ISS A/S](https://altss.com/profile/iss-as-adr)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/granite-real-estate-investment-trust

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