Granite Real Estate Investment Trust (GRP-UN) SC 13G Granite Real Estate Investment Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.__)*

GRANITE REAL ESTATE INVESTMENT

(Name of Issuer)

REIT

(Title of Class of Securities)

387437114

(CUSIP Number)

12/31/2015

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is

filed:

TRule 13d-1(b)

£Rule 13d-1(c)

£Rule 13d-1(d)

*     The remainder of this cover page shall be filled out for a reporting person's initial filing on this form

       with respect to the subject class of securities, and for any subsequent amendment containing

       information which would alter the disclosures provided in a prior cover page.

      The information required in the remainder of this cover page shall not be deemed to be ''filed'' for the

      purpose of Section 18 of the Securities Exchange Act of 1934 (''Act'') or otherwise subject to the

      liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,

      see the Notes.)

CUSIP No. 387437114 13G Page 2 of 7 Pages

1.	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Huber Capital Management LLC 20-8441410
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)        ¨ (b)        ¨
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	SOLE VOTING POWER 1,016,566
		6.	SHARED VOTING POWER 199,741
		7.	SOLE DISPOSITIVE POWER 2,861,655
		8.	SHARED DISPOSITIVE POWER 0
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,861,655
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.09% (see response to Item 4)
12.	TYPE OF REPORTING PERSON*(see instructions) IA

*SEE INSTRUCTIONS BEFORE FILLING OUT

		Page 3 of 7 Pages
Item 1(a).	Name of Issuer:
	GRANITE REAL ESTATE INVESTMENT
Item 1(b).	Address of Issuer's Principal Executive Offices:
	Toronto_Dominion Centre 77 King Street West, P.O. Box 159 Suite 4010
	Toronto, Ontario M5K1H1
Item 2(a).	Name of Persons Filing:
Item 2(b).	Address of Principal Business Office, or if None, Residence:
Item 2(c).	Citizenship
	Huber Capital Management, LLC
	2321 Rosecrans Ave., Suite 3245
	El Segundo, CA  90245
	(Delaware)
Item 2(d).	Title of Class of Securities:
	REIT
Item 2(e).	CUSIP Number:
	387437114

				Page 4 of 7 Pages
Item 3.	If This Statement Is Filed Pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c),
	Check Whether the Person Filing is a:
	(a)	£	Broker or dealer registered under Section 15 of the Exchange
			Act (15 U.S.C 78o).
	(b)	£	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	£	Insurance company as defined in Section 3(a)(19) of the
			Exchange Act (15 U.S.C. 78c).
	(d)	£	Investment company registered under Section 8 of the
			Investment Company Act of 1940 (15 U.S.C. 80a-8).
	(e)	T	An investment adviser in accordance with §240.13d-
			1(b)(1)(ii)(E).
	(f)	£	An employee benefit plan or endowment fund in accordance
			with §240.13d-1(b)(1)(ii)(F).
	(g)	£	A parent holding company or control person in accordance
			with §240.13d-1(b)(1)(ii)(G).
	(h)	£	A savings association as defined in Section 3(b) of the Federal
			Deposit Insurance Act (12 U.S.C. 1813);
	(i)	£	A church plan that is excluded from the definition of an
			investment company under Section 3(c)(14) of the Investment
			Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	£	Group, in accordance with §240.13d-1(b)(1)(ii)(J).
	If this statement is filed pursuant to Rule 13d-1 (c), check this box.£

			Page 5 of 7 Pages
Item 4.   Ownership
If the percent of class owned, as of December 31 of the year covered by the statement,
or as of the last day of any month described in Rule 13d-1 (b) (2), if applicable, exceeds
five percent, provide the following information as of that date and identify those shares
which there is a right to acquire.
	(a)	Amount beneficially owned: 2,861.655
	(b)	Percent of class: 6.09%
	(c)	Number of shares as to which such person has:
		(i)    Sole power to vote or to direct the vote: 1,016,566
		(ii)   Shared power to vote or to direct the vote: 199,741
		(iii)  Sole power to dispose or to direct the disposition of: 2,861,655
		(iv)  Shared power to dispose or to direct the disposition of:  none

		Page 6 of 7 Pages
Item 5.	Ownership of Five Percent or Less of a Class
	If this statement is being filed to report the fact that as of the date hereof the
	reporting person has ceased to be the beneficial owner of more than five percent
	of the class of securities, check the following   o
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct
	the receipt of dividends from, or the proceeds from the sale of, such
	securities, a statement to that effect should be included in response to this
	item and, if such interest relates to more than five percent of the class, such
	person should be identified.  A listing of the shareholders of an investment
	company registered under the Investment Company Act of 1940 or the
	beneficiaries of employee benefit plan, pension fund or endowment fund is not
	required.
	Not applicable.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security
	Being Reported on by the Parent Holding Company.
	Not applicable.
Item 8.	Identification and Classification of Members of the Group.
	Not applicable.
Item 9.	Notice of Dissolution of Group.
	Not applicable.
Item 10.	Certification.
	By signing below I certify that, to the best of my knowledge and belief, the
	securities referred to above were acquired and are held in the ordinary course of
	business and were not acquired and are not held for the purpose of or with the
	effect of changing or influencing the control of the issuer of the securities and
	were not acquired and are not held in connection with or as a participant in any
	transaction having that purpose or effect.

				Page 7 of 7 Pages
		SIGNATURE
	After reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and correct.
Dated this 12th day of February, 2016
			Huber Capital Management, LLC
			By:/s/ Gary Thomas
			Gary Thomas
			Principal, COO/CCO