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

Last Price

CA$66.13

Market Cap

CA$4.2b

7D

-0.9%

1Y

-9.9%

Updated

23 Jun, 2024

Data

Company Financials +

Granite Real Estate Investment Trust

TSX:GRT.UN Stock Report

Market Cap: CA$4.2b

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
Valuation4/6
Future Growth3/6
Past Performance1/6
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$66.13
52 Week HighCA$80.81
52 Week LowCA$62.72
Beta1.16
11 Month Change-2.79%
3 Month Change-12.99%
1 Year Change-9.88%
33 Year Change-18.91%
5 Year Change9.69%
Change since IPO146.75%

Recent News & Updates

Recent updates

Shareholder Returns

GRT.UNCA Industrial REITsCA Market
7D-0.9%-1.7%-0.4%
1Y-9.9%-5.5%10.8%

Return vs Industry: GRT.UN underperformed the Canadian Industrial REITs industry which returned -5.5% over the past year.

Return vs Market: GRT.UN underperformed the Canadian Market which returned 10.8% over the past year.

Price Volatility

Is GRT.UN's price volatile compared to industry and market?
GRT.UN volatility
GRT.UN Average Weekly Movement2.7%
Industrial REITs Industry Average Movement3.1%
Market Average Movement8.2%
10% most volatile stocks in CA Market16.8%
10% least volatile stocks in CA Market3.0%

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 Gorriewww.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$4.17b
Earnings (TTM)CA$216.01m
Revenue (TTM)CA$530.59m

19.3x

P/E Ratio

7.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRT.UN income statement (TTM)
RevenueCA$530.59m
Cost of RevenueCA$88.28m
Gross ProfitCA$442.30m
Other ExpensesCA$226.29m
EarningsCA$216.01m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 07, 2024

Earnings per share (EPS)3.43
Gross Margin83.36%
Net Profit Margin40.71%
Debt/Equity Ratio57.4%

How did GRT.UN perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

64%

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 DateJun 28 2024
Dividend Pay DateJul 15 2024
Days until Ex dividend5 days
Days until Dividend pay date22 days

Does GRT.UN pay a reliable dividends?

See GRT.UN dividend history and benchmarks
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