Granite Real Estate Investment Trust
GRT.UN (TSX)
Granite Real Estate Investment Trust is a stable choice for investors seeking reliable income and growth potential, particularly suitable for beginners on the TSX. With an impressive 1-year return of 24.09% and a dividend yield of nearly 4%, it has garnered a "Buy" consensus rating from six Wall Street analysts, indicating strong confidence in its performance. Notably, Granite has consistently raised its dividend for 14 years, reflecting its commitment to sustainable and growing payouts.
Pros:
- Reliable income
- Growth potential for beginners
Cons:
- Market volatility risk
- Dependence on real estate market conditions
Granite Real Estate Investment Trust (GRT.UN) may be a suitable investment for those seeking a combination of steady income and growth potential, particularly for novice investors on the TSX. With a solid track record of consistent dividend increases and strong recent performance, it offers a balanced option for those looking to diversify their portfolios with a focus on real estate investment trusts.