Granite Real Estate Investment Trust (TSX:GRT.UN) - Stock Price, News & Analysis

GRT.UN Stock Overview

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. More details

GRT.UN fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	2/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 37.8% below our estimate of its fair value

Earnings are forecast to grow 7.24% per year

Became profitable this year

Analysts in good agreement that stock price will rise by 22.1%

Risk Analysis

Debt is not well covered by operating cash flow

Granite Real Estate Investment Trust Competitors

Dream Industrial Real Estate Investment Trust

TSX:DIR.UN

CA$3.7b

Nexus Industrial REIT

TSX:NXR.UN

CA$761.7m

Boardwalk Real Estate Investment Trust

TSX:BEI.UN

CA$3.8b

SmartCentres Real Estate Investment Trust

TSX:SRU.UN

CA$4.4b

Price History & Performance

Summary of all time highs, changes and price drops for Granite Real Estate Investment Trust
Historical stock prices
Current Share Price	CA$73.98
52 Week High	CA$80.84
52 Week Low	CA$73.46
Beta	0
11 Month Change	-2.43%
3 Month Change	n/a
1 Year Change	n/a
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-7.63%

Recent updates

Shareholder Returns

	GRT.UN	CA Industrial REITs	CA Market
7D	-1.5%	0.9%	0.4%
1Y	n/a	3.1%	21.4%

Return vs Industry: Insufficient data to determine how GRT.UN performed against the Canadian Industrial REITs industry.

Return vs Market: Insufficient data to determine how GRT.UN performed against the Canadian Market.

Price Volatility

Is GRT.UN's price volatile compared to industry and market?
GRT.UN volatility
GRT.UN Average Weekly Movement	2.7%
Industrial REITs Industry Average Movement	3.3%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: GRT.UN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine GRT.UN's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2003	69	Kevan Gorrie	www.granitereit.com

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 62.9 million square feet of leasable area.

Granite Real Estate Investment Trust Fundamentals Summary

How do Granite Real Estate Investment Trust's earnings and revenue compare to its market cap?
GRT.UN fundamental statistics
Market cap	CA$4.66b
Earnings (TTM)	CA$308.17m
Revenue (TTM)	CA$550.94m

15.1x

P/E Ratio

8.4x

P/S Ratio

Is GRT.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRT.UN income statement (TTM)
Revenue	CA$550.94m
Cost of Revenue	CA$90.05m
Gross Profit	CA$460.90m
Other Expenses	CA$152.73m
Earnings	CA$308.17m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	4.91
Gross Margin	83.66%
Net Profit Margin	55.93%
Debt/Equity Ratio	57.0%

How did GRT.UN perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

62%

Payout Ratio

Does GRT.UN pay a reliable dividends?

See GRT.UN dividend history and benchmarks

When do you need to buy GRT.UN by to receive an upcoming dividend?
Granite Real Estate Investment Trust dividend dates
Ex Dividend Date	Nov 27 2024
Dividend Pay Date	Dec 16 2024
Days until Ex dividend	6 days
Days until Dividend pay date	25 days