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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
My Notes
Capture your thoughts, links and company narrative
Granite Real Estate Investment Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$49.15 |
| 52 Week High | CA$65.63 |
| 52 Week Low | CA$47.32 |
| Beta | 0 |
| 1 Month Change | -7.04% |
| 3 Month Change | n/a |
| 1 Year Change | n/a |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -17.46% |
Recent News & Updates
Recent updates
Shareholder Returns
| GRP.U | US Industrial REITs | US Market | |
|---|---|---|---|
| 7D | -3.4% | -7.1% | -2.4% |
| 1Y | n/a | -20.9% | 23.3% |
Return vs Industry: Insufficient data to determine how GRP.U performed against the US Industrial REITs industry.
Return vs Market: Insufficient data to determine how GRP.U performed against the US Market.
Price Volatility
| GRP.U volatility | |
|---|---|
| GRP.U Average Weekly Movement | 6.4% |
| Industrial REITs Industry Average Movement | 3.7% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: GRP.U has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: Insufficient data to determine GRP.U's volatility change 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$3.12b |
| Earnings (TTM) | US$214.45m |
| Revenue (TTM) | US$383.38m |
14.5x
P/E Ratio8.1x
P/S RatioIs GRP.U overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GRP.U income statement (TTM) | |
|---|---|
| Revenue | CA$550.94m |
| Cost of Revenue | CA$90.05m |
| Gross Profit | CA$460.90m |
| Other Expenses | CA$152.73m |
| Earnings | CA$308.17m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
Feb 26, 2025
| Earnings per share (EPS) | 4.91 |
| Gross Margin | 83.66% |
| Net Profit Margin | 55.93% |
| Debt/Equity Ratio | 57.0% |
How did GRP.U perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield62%
Payout RatioDoes GRP.U pay a reliable dividends?
See GRP.U dividend history and benchmarks| Granite Real Estate Investment Trust dividend dates | |
|---|---|
| Ex Dividend Date | Dec 31 2024 |
| Dividend Pay Date | Jan 15 2025 |
| Days until Ex dividend | 10 days |
| Days until Dividend pay date | 25 days |
Does GRP.U pay a reliable dividends?
See GRP.U dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 09:32 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 22 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.
| Analyst | Institution |
|---|---|
| J. Chen | BMO Capital Markets Equity Research |
| Michael Markidis | BMO Capital Markets Equity Research |
| Mark Rothschild | Canaccord Genuity |