Granite Real Estate Investment Trust

TSX:GRT.UN Stock Report

Market Cap: CA$4.6b

Granite Real Estate Investment Trust Past Earnings Performance

Past criteria checks 1/6

Granite Real Estate Investment Trust's earnings have been declining at an average annual rate of -14.2%, while the Industrial REITs industry saw earnings growing at 16% annually. Revenues have been growing at an average rate of 15.3% per year. Granite Real Estate Investment Trust's return on equity is 4.3%, and it has net margins of 42.5%.

Key information

-16.8%

Earnings growth rate

-19.7%

EPS growth rate

Industrial REITs Industry Growth14.4%
Revenue growth rate14.7%
Return on equity5.7%
Net Margin55.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Granite Real Estate Investment Trust makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:GRT.UN Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24551308390
30 Jun 24541230330
31 Mar 24531216350
31 Dec 23521137400
30 Sep 23517-21390
30 Jun 23497-147380
31 Mar 23477-332350
31 Dec 22456156290
30 Sep 22435623330
30 Jun 224221,138350
31 Mar 224061,578380
31 Dec 213931,310380
30 Sep 213811,136340
30 Jun 21371820350
31 Mar 21358579350
31 Dec 20340430320
30 Sep 20320353310
30 Jun 20301362290
31 Mar 20288385290
31 Dec 19273382310
30 Sep 19259377310
30 Jun 19254421310
31 Mar 19249471300
31 Dec 18246465290
30 Sep 18249613290
30 Jun 18245506270
31 Mar 18243400270
31 Dec 17243358260
30 Sep 17235154270
30 Jun 17232253280
31 Mar 17228268270
31 Dec 16223281280
30 Sep 16224297280
30 Jun 16223193250
31 Mar 16220184250
31 Dec 15216196250
30 Sep 15212171260
30 Jun 15209128280
31 Mar 15208106270
31 Dec 1420764280
30 Sep 1420838280
30 Jun 1420454280
31 Mar 1419867270
31 Dec 13190143270

Quality Earnings: GRT.UN has a large one-off loss of CA$76.3M impacting its last 12 months of financial results to 30th June, 2024.

Growing Profit Margin: GRT.UN became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: GRT.UN's earnings have declined by 14.2% per year over the past 5 years.

Accelerating Growth: GRT.UN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GRT.UN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrial REITs industry (10.2%).


Return on Equity

High ROE: GRT.UN's Return on Equity (4.3%) is considered low.


Return on Assets


Return on Capital Employed


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