Granite Real Estate Investment Trust

DB:4I70 Stock Report

Market Cap: €2.9b

Granite Real Estate Investment Trust Past Earnings Performance

Past criteria checks 2/6

Granite Real Estate Investment Trust's earnings have been declining at an average annual rate of -16.8%, while the Industrial REITs industry saw earnings declining at 20.4% annually. Revenues have been growing at an average rate of 14.7% per year. Granite Real Estate Investment Trust's return on equity is 5.7%, and it has net margins of 55.9%.

Key information

-16.8%

Earnings growth rate

-19.1%

EPS growth rate

Industrial REITs Industry Growth11.2%
Revenue growth rate14.7%
Return on equity5.7%
Net Margin55.9%
Next Earnings Update26 Feb 2025

Recent past performance 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

DB:4I70 Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24551308400
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

Quality Earnings: 4I70 has high quality earnings.

Growing Profit Margin: 4I70 became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 4I70's earnings have declined by 16.8% per year over the past 5 years.

Accelerating Growth: 4I70 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 4I70 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrial REITs industry (8.8%).

Return on Equity

High ROE: 4I70's Return on Equity (5.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 04:27
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Granite Real Estate Investment Trust is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
J. ChenBMO Capital Markets Equity Research
Michael MarkidisBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity