Granite Real Estate Investment Trust Future Growth

Future criteria checks 1/6

Granite Real Estate Investment Trust is forecast to grow earnings and revenue by 7.2% and 6.4% per annum respectively.

Key information

7.2%

Earnings growth rate

n/a

EPS growth rate

Industrial REITs earnings growth	13.7%
Revenue growth rate	6.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	16 Dec 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:GRP.U - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	638	386	54	2,026	4
12/31/2025	598	357	27	2,025	4
12/31/2024	565	361	43	2,024	4
9/30/2024	551	308	343	343	N/A
6/30/2024	541	230	322	322	N/A
3/31/2024	531	216	313	313	N/A
12/31/2023	521	137	313	313	N/A
9/30/2023	517	-21	302	303	N/A
6/30/2023	497	-147	295	296	N/A
3/31/2023	477	-332	290	291	N/A
12/31/2022	456	156	277	277	N/A
9/30/2022	435	623	265	266	N/A
6/30/2022	422	1,138	266	267	N/A
3/31/2022	406	1,578	268	268	N/A
12/31/2021	393	1,310	262	262	N/A
9/30/2021	381	1,136	268	269	N/A
6/30/2021	371	820	257	258	N/A
3/31/2021	358	579	258	259	N/A
12/31/2020	340	430	248	249	N/A
9/30/2020	320	353	238	239	N/A
6/30/2020	301	362	212	213	N/A
3/31/2020	288	385	197	198	N/A
12/31/2019	273	382	183	183	N/A
9/30/2019	259	377	168	168	N/A
6/30/2019	254	421	166	166	N/A
3/31/2019	249	471	161	161	N/A
12/31/2018	246	465	158	158	N/A
9/30/2018	249	613	161	161	N/A
6/30/2018	245	506	N/A	161	N/A
3/31/2018	243	400	N/A	150	N/A
12/31/2017	243	358	N/A	159	N/A
9/30/2017	235	154	N/A	151	N/A
6/30/2017	232	253	N/A	151	N/A
3/31/2017	228	268	N/A	157	N/A
12/31/2016	223	281	N/A	160	N/A
9/30/2016	224	297	N/A	165	N/A
6/30/2016	223	193	N/A	169	N/A
3/31/2016	220	184	N/A	168	N/A
12/31/2015	216	196	N/A	160	N/A
9/30/2015	212	171	N/A	164	N/A
6/30/2015	209	128	N/A	124	N/A
3/31/2015	208	106	N/A	140	N/A
12/31/2014	207	64	N/A	93	N/A
9/30/2014	208	38	N/A	82	N/A
6/30/2014	204	54	N/A	118	N/A
3/31/2014	198	67	N/A	89	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRP.U's forecast earnings growth (7.2% per year) is above the savings rate (2.6%).

Earnings vs Market: GRP.U's earnings (7.2% per year) are forecast to grow slower than the US market (15.3% per year).

High Growth Earnings: GRP.U's earnings are forecast to grow, but not significantly.

Revenue vs Market: GRP.U's revenue (6.4% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: GRP.U's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if GRP.U's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/31 04:08
End of Day Share Price	2024/12/30 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

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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 21 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