Granite Real Estate Investment Trust · TSX:GRT.UN
Granite Real Estate Investment Trust — Shareholder Meeting (June 2019)
11 slides from Granite Real Estate Investment Trust's shareholder meeting presentation, Jun 13, 2019
Slide 1: Joint Annual General Meetings of Granite Real Estate Investment Trust and Granite REIT Inc.
Joint Annual General Meetings of Granite Real Estate Investment Trust and Granite REIT Inc. June 13, 2019
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Unless otherwise indicated in this presentation, all information is presented as of December 31, 2018 and all financial information that is identified refers to the twelve month period ending December 31, 2018. For definitions of certain non-IFRS measures used in this pres
Slide 3: Kevan Gorrie, President and CEO
KEVAN GORRIE PRESIDENT AND CEO 3
Slide 4: Granite Overview at December 31, 2018
GRANITE OVERVIEW AT DECEMBER 31, 2018 Description Financial Information • Owner and manager of • $247.5M in total revenue industrial, warehouse and logistics properties in • $168.9M 2018 FFO nine countries in North • 78% FFO payout ratio America and Europe • 19% net leverage ratio • Creditworthy ten
Slide 5: 2018 Corporate Objectives Recap
2018 CORPORATE OBJECTIVES RECAP Replace Revenue Accelerate Growth in Complete CEO from the Sale of 10 Continue to recycle Granite’s Key Occupancy >98% Search Properties in January certain properties 2018 Markets Kevan Gorrie Completed $544.2M of In addition to the Subsequent to As at December 31, 20
Slide 6: 2018 Major Accomplishments/Activities
2018 MAJOR ACCOMPLISHMENTS/ACTIVITIES Strategic Allocation of Capital $544.2M invested $550M in $730M generated in modern assets $500M 5-year unsecured from the sale of in key e- $63.5M to $689.6M of unsecured committed term 16 non-core commerce and repurchase 1.28M additional revolving facility, lo
Slide 7: Granite Historical Performance
1 GRANITE HISTORICAL PERFORMANCE Total Return vs TSX Composite & TSX Capped REIT Indices Total Return since January 2012 Annualized Total Return % 35% 220% 194.2% 195% 30% 170% 25% 145% 20% 120% 95% 84.9% 15% 70% 10% 45% 67.3% 5% 20% -5% 0% 1Yr 2Yr 3Yr 5Yr Granite REIT TSX Capped REIT Index TSX Comp
Slide 8: Recent Transactions
RECENT TRANSACTIONS 1 >$1.6B in acquisitions and dispositions during previous 24 months St. Thomas, ON Newmarket, ON Aurora, ON Mississauga, ON West Jefferson,OH Acquisitions Dispositions 2 properties|1.5M SF 7 properties|0.6M SF 2 properties|0.1M SF 2 properties|0.9M SF $154.6M $63.0M $60.0M $154M
Slide 9: 2019 Corporate Objectives
2019 CORPORATE OBJECTIVES Dispose of Select Non-Core Increase Scale in Target Markets Assets and Exit Non-Core Markets $475M in closed and committed $43.8M in dispositions closed acquisitions and development projects in GTA, Columbus, Indianapolis, Dallas, and Germany Enhance Platform Capabilities i
Slide 10: Thank You
THANK YOU 2020 Logistics Drive, Mississauga, ON / Pearson International Airport 10 10
Slide 11: Let's Go Raptors!
LET’S GO RAPTORS! WE THE NORTH
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