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Granite Real Estate Investment Trust TSX:GRT.UN Stock Report

Last Price

CA$77.31

Market Cap

CA$4.9b

7D

0.5%

1Y

-4.6%

Updated

28 Mar, 2024

Data

Company Financials +

Granite Real Estate Investment Trust

TSX:GRT.UN Stock Report

Market Cap: CA$4.9b

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.

GRT.UN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health1/6
Dividends5/6

Granite Real Estate Investment Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Granite Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$77.31
52 Week HighCA$86.39
52 Week LowCA$62.72
Beta1.11
1 Month Change6.39%
3 Month Change1.35%
1 Year Change-4.63%
3 Year Change0.91%
5 Year Change21.77%
Change since IPO188.47%

Recent News & Updates

Recent updates

Are Insiders Buying Granite Real Estate Investment Trust (TSE:GRT.UN) Stock?

Feb 16
Are Insiders Buying Granite Real Estate Investment Trust (TSE:GRT.UN) Stock?

What Is The Ownership Structure Like For Granite Real Estate Investment Trust (TSE:GRT.UN)?

Dec 25
What Is The Ownership Structure Like For Granite Real Estate Investment Trust (TSE:GRT.UN)?

Shareholder Returns

GRT.UNCA Industrial REITsCA Market
7D0.5%0.2%0.4%
1Y-4.6%4.5%9.0%

Return vs Industry: GRT.UN underperformed the Canadian Industrial REITs industry which returned 4.5% over the past year.

Return vs Market: GRT.UN underperformed the Canadian Market which returned 9% over the past year.

Price Volatility

Is GRT.UN's price volatile compared to industry and market?
GRT.UN volatility
GRT.UN Average Weekly Movement2.9%
Industrial REITs Industry Average Movement3.0%
Market Average Movement8.5%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.1%

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

Volatility Over Time: GRT.UN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200369Kevan Gorriehttps://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 capCA$4.88b
Earnings (TTM)CA$136.66m
Revenue (TTM)CA$521.25m

35.8x

P/E Ratio

9.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRT.UN income statement (TTM)
RevenueCA$521.25m
Cost of RevenueCA$86.01m
Gross ProfitCA$435.24m
Other ExpensesCA$298.58m
EarningsCA$136.66m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)2.16
Gross Margin83.50%
Net Profit Margin26.22%
Debt/Equity Ratio58.2%

How did GRT.UN perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

64%

Payout Ratio
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