Granite Real Estate Acquires Five US Properties for Approximately CAD 256.1 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Acquisition Scale: Granite recently acquired five income-producing properties in the United States, totaling approximately 1.2 million square feet at a purchase price of CAD 256.1 million (USD 185.7 million), with an expected yield increase from 4.7% to 6.0% within two years, significantly enhancing the income-generating capacity of its asset portfolio.
- International Expansion: Granite also acquired a 15-acre parcel in the UK for the planned development of a 300,000 square foot state-of-the-art e-commerce and logistics warehouse, expected to achieve a yield on cost exceeding 7.0%, further expanding its international market presence.
- Asset Disposition: On December 19, 2025, Granite completed the disposition of three income-producing properties in the US, totaling 1.7 million square feet for total proceeds of CAD 189.5 million (USD 137.5 million), sold at a 6.1% yield, demonstrating effective strategic asset management.
- Leasing Dynamics: In Q4 2025, Granite executed approximately 769,000 square feet of new leases, further increasing its occupancy rate to 98%, showcasing strong leasing momentum and the attractiveness of its high-quality properties in the market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
