Granite Real Estate Investment Trust · TSX:GRT.UN
Granite Real Estate Investment Trust — Shareholder Meeting (June 2021)
12 slides from Granite Real Estate Investment Trust's shareholder meeting presentation, Jun 10, 2021
Slide 1: Joint Annual General Meeting of Granite REIT and Granite REIT Inc.
Joint Annual General Meeting of Granite Real Estate Investment Trust; and Granite REIT Inc. | June 10, 2021
Slide 2: Presentation of Certain Information
PRESENTATION OF CERTAIN INFORMATION • Unless otherwise indicated in this presentation, all information is presented as of December 31, 2020 and all financial information that is identified as current refers to the period ending December 31, 2020. For definitions of certain non-IFRS measures used in
Slide 3: Granite Highlights December 31, 2020
GRANITE HIGHLIGHTS DECEMBER 31, 2020 ORGANIZATIONAL PRINCIPLES PORTFOLIO OVERVIEW FINANCIAL PERFORMANCE Long-term total return focused 107 income-producing properties + 77% AFFO POR 7 development properties/land Conservative and flexible capital 25% net leverage ratio 49.4M square feet structure GRT
Slide 4: 2020 Corporate Objectives Recap
2020 CORPORATE OBJECTIVES RECAP Drive SPNOI1, FFO & Preserve Increase scale in Maintain high Enhanced ESG Reduce Magna AFFO Per Unit conservative capital Target Markets occupancy program Concentration Growth structure • Published Green SPNOI1 of 3.7% 2.5M sf new or renewed Bond Framework Magna as a
Slide 5: 2020 Major Milestones
2020 MAJOR MILESTONES Strategic Allocation of Capital $1,030.5M invested $31.3M generated $1.0B in unsecured $577.4M in gross in e-commerce, from sale of 3 non- debt from two Net leverage ratio of proceeds from two $80M of additional distribution and core assets in debenture offerings; 25% providing
Slide 6: ESG Commitment
ESG COMMITMENT ENVIRONMENTAL SOCIAL GOVERNANCE $0.8M invested in energy-saving Community support with over $79K & 164 volunteer hours 100% independent Board measures in 2020 excluding CEO contributed to charities ~26.1M SF (52.8% of total portfolio) Emotional and Family Support: Robust governance po
Slide 7: Commitment to Green Investments
COMMITMENT TO GREEN INVESTMENTS Solar panels on BREEAM “Very Good” Certified Two Green Globes Green Building certification in Green Building in Weert, the Netherlands Plainfield, Indianapolis BREEAM “Excellent” Certified Green Building in BREEAM “Very Good” Certified Green Building BREEAM “Very Good
Slide 8: GRT Historical Performance
GRT HISTORICAL PERFORMANCE Total Return vs TSX Composite & TSX Capped REIT Indices Cumulative Total Return % Annualized Total Return % COVID-19 23% Total 30% Return in 2020 295% 25% 270% 245% 20% 220% 15% 195% 10% 170% 145% 5% 120% 0% 95% -5% 70% 45% -10% 20% -15% -5% -20% 1Yr 2Yr 3Yr 5Yr Granite RE
Slide 9: GRT 2020 Performance
GRT 2020 PERFORMANCE Total Return vs TSX Composite & TSX Capped REIT Indices 40.0% 23% Total Return in COVID-19 2020 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% -40.0% -50.0% Granite REIT TSX Capped REIT Index TSX Composite Index Granite delivered the highest total return among North American REITs
Slide 10: 2021 Corporate Objectives & Q1 Update
2021 CORPORATE OBJECTIVES & Q1 UPDATE Increase scale in target markets NAV/FFOPU/AFFOPU Growth $213.2M in closed and committed Q1 2021 SPNOI growth of 2.6% acquisitions and development projects in 2021 Preserve conservative capital Expand Global Platform structure Asset Management and Investment Q1
Slide 11: Leadership Team
LEADERSHIP TEAM Kevan Gorrie Teresa Neto • President and Chief Executive Officer • Chief Financial Officer • Over 20 years of real estate experience in Canada, • Over 30 years of varied business experience, the United States and Germany. including ∼10 years as a CFO for publicly-traded • Previously
Slide 12: Thank You
THANK YOU INVESTOR RELATIONS CONTACT Andrea Sanelli Manager, Legal & Investor Services T: 647.925.7504 E: ir@granitereit.com June 10, 2021 12
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