GRP.U 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.
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
Granite Real Estate Investment Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$53.37 |
| 52 Week High | CA$64.00 |
| 52 Week Low | CA$45.36 |
| Beta | 1.14 |
| 1 Month Change | -2.98% |
| 3 Month Change | -7.13% |
| 1 Year Change | -13.86% |
| 3 Year Change | -14.66% |
| 5 Year Change | 14.70% |
| Change since IPO | 180.45% |
Recent News & Updates
Recent updates
Granite REIT: Solid Performance But Still Not Our First Choice
Jun 06Granite Real Estate Investment FFO of $0.97 beats by $0.16, revenue of $111.6M beats by $30.51M
Nov 10Granite Real Estate Investment declares CAD 0.2583 dividend
Sep 16Granite REIT: Revisiting This Industrial REIT
Sep 01Granite Real Estate Investment declares CAD 0.2583 dividend
Aug 17Granite Real Estate Investment declares CAD 0.2583 dividend
Jul 18Granite REIT: Good Growth Play
Dec 01Granite REIT: A Global Industrial Powerhouse
Jul 20Granite Real Estate Investment FFO beats by $0.09, beats on net operating income
May 05Shareholder Returns
| GRP.U | US Industrial REITs | US Market | |
|---|---|---|---|
| 7D | -5.3% | -3.7% | -1.7% |
| 1Y | -13.9% | -0.7% | 22.9% |
Return vs Industry: GRP.U underperformed the US Industrial REITs industry which returned -1.3% over the past year.
Return vs Market: GRP.U underperformed the US Market which returned 24.2% over the past year.
Price Volatility
| GRP.U volatility | |
|---|---|
| GRP.U Average Weekly Movement | 3.9% |
| Industrial REITs Industry Average Movement | 3.4% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: GRP.U has not had significant price volatility in the past 3 months.
Volatility Over Time: GRP.U's weekly volatility (4%) has been stable 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
| GRP.U fundamental statistics | |
|---|---|
| Market cap | US$3.46b |
| Earnings (TTM) | US$99.20m |
| Revenue (TTM) | US$378.36m |
34.3x
P/E Ratio9.0x
P/S RatioIs GRP.U overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GRP.U income statement (TTM) | |
|---|---|
| Revenue | CA$521.25m |
| Cost of Revenue | CA$86.01m |
| Gross Profit | CA$435.24m |
| Other Expenses | CA$298.58m |
| Earnings | CA$136.66m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
May 08, 2024
| Earnings per share (EPS) | 2.16 |
| Gross Margin | 83.50% |
| Net Profit Margin | 26.22% |
| Debt/Equity Ratio | 58.2% |
How did GRP.U perform over the long term?
See historical performance and comparison