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 growing at 19.6% 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 Growth	24.3%
Revenue growth rate	14.7%
Return on equity	5.7%
Net Margin	55.9%
Next Earnings Update	26 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

NYSE:GRP.U Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	551	308	40
30 Jun 24	541	230	33
31 Mar 24	531	216	35
31 Dec 23	521	137	40
30 Sep 23	517	-21	39
30 Jun 23	497	-147	38
31 Mar 23	477	-332	35
31 Dec 22	456	156	29
30 Sep 22	435	623	33
30 Jun 22	422	1,138	35
31 Mar 22	406	1,578	38
31 Dec 21	393	1,310	38
30 Sep 21	381	1,136	34
30 Jun 21	371	820	35
31 Mar 21	358	579	35
31 Dec 20	340	430	32
30 Sep 20	320	353	31
30 Jun 20	301	362	29
31 Mar 20	288	385	29
31 Dec 19	273	382	31
30 Sep 19	259	377	31
30 Jun 19	254	421	31
31 Mar 19	249	471	30
31 Dec 18	246	465	29
30 Sep 18	249	613	29
30 Jun 18	245	506	27
31 Mar 18	243	400	27
31 Dec 17	243	358	26
30 Sep 17	235	154	27
30 Jun 17	232	253	28
31 Mar 17	228	268	27
31 Dec 16	223	281	28
30 Sep 16	224	297	28
30 Jun 16	223	193	25
31 Mar 16	220	184	25
31 Dec 15	216	196	25
30 Sep 15	212	171	26
30 Jun 15	209	128	28
31 Mar 15	208	106	27
31 Dec 14	207	64	28
30 Sep 14	208	38	28
30 Jun 14	204	54	28
31 Mar 14	198	67	27

Quality Earnings: GRP.U has high quality earnings.

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 16.8% 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 (8.6%).

Return on Equity

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

Return on Assets

Return on Capital Employed

Discover strong past performing companies

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

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 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