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 20.8% 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
-14.2%
Earnings growth rate
-17.5%
EPS growth rate
| Industrial REITs Industry Growth | 24.3% |
| Revenue growth rate | 15.3% |
| Return on equity | 4.3% |
| Net Margin | 42.5% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance 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 01Revenue & 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
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 541 | 230 | 33 | 0 |
| 31 Mar 24 | 531 | 216 | 35 | 0 |
| 31 Dec 23 | 521 | 137 | 40 | 0 |
| 30 Sep 23 | 517 | -21 | 39 | 0 |
| 30 Jun 23 | 497 | -147 | 38 | 0 |
| 31 Mar 23 | 477 | -332 | 35 | 0 |
| 31 Dec 22 | 456 | 156 | 29 | 0 |
| 30 Sep 22 | 435 | 623 | 33 | 0 |
| 30 Jun 22 | 422 | 1,138 | 35 | 0 |
| 31 Mar 22 | 406 | 1,578 | 38 | 0 |
| 31 Dec 21 | 393 | 1,310 | 38 | 0 |
| 30 Sep 21 | 381 | 1,136 | 34 | 0 |
| 30 Jun 21 | 371 | 820 | 35 | 0 |
| 31 Mar 21 | 358 | 579 | 35 | 0 |
| 31 Dec 20 | 340 | 430 | 32 | 0 |
| 30 Sep 20 | 320 | 353 | 31 | 0 |
| 30 Jun 20 | 301 | 362 | 29 | 0 |
| 31 Mar 20 | 288 | 385 | 29 | 0 |
| 31 Dec 19 | 273 | 382 | 31 | 0 |
| 30 Sep 19 | 259 | 377 | 31 | 0 |
| 30 Jun 19 | 254 | 421 | 31 | 0 |
| 31 Mar 19 | 249 | 471 | 30 | 0 |
| 31 Dec 18 | 246 | 465 | 29 | 0 |
| 30 Sep 18 | 249 | 613 | 29 | 0 |
| 30 Jun 18 | 245 | 506 | 27 | 0 |
| 31 Mar 18 | 243 | 400 | 27 | 0 |
| 31 Dec 17 | 243 | 358 | 26 | 0 |
| 30 Sep 17 | 235 | 154 | 27 | 0 |
| 30 Jun 17 | 232 | 253 | 28 | 0 |
| 31 Mar 17 | 228 | 268 | 27 | 0 |
| 31 Dec 16 | 223 | 281 | 28 | 0 |
| 30 Sep 16 | 224 | 297 | 28 | 0 |
| 30 Jun 16 | 223 | 193 | 25 | 0 |
| 31 Mar 16 | 220 | 184 | 25 | 0 |
| 31 Dec 15 | 216 | 196 | 25 | 0 |
| 30 Sep 15 | 212 | 171 | 26 | 0 |
| 30 Jun 15 | 209 | 128 | 28 | 0 |
| 31 Mar 15 | 208 | 106 | 27 | 0 |
| 31 Dec 14 | 207 | 64 | 28 | 0 |
| 30 Sep 14 | 208 | 38 | 28 | 0 |
| 30 Jun 14 | 204 | 54 | 28 | 0 |
| 31 Mar 14 | 198 | 67 | 27 | 0 |
| 31 Dec 13 | 190 | 143 | 27 | 0 |
| 30 Sep 13 | 184 | 162 | 29 | 0 |
Quality Earnings: GRP.U 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: GRP.U became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRP.U's earnings have declined by 14.2% per year over the past 5 years.
Accelerating Growth: GRP.U has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GRP.U has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrial REITs industry (1.5%).
Return on Equity
High ROE: GRP.U's Return on Equity (4.3%) is considered low.