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XNYS
GRP.U
Market cap2.84bUSD
, Last price  
USD
Name

Granite Real Estate Investment Trust

Chart & Performance

D1W1MN
XNYS:GRP.U chart
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P/E
—
P/S
—
EPS
5.79
Div Yield, %
—
Shrs. gr., 5y
5.06%
Rev. gr., 5y
15.77%
Revenues
569m
+9.19%
909,919,7971,009,941,519786,922,036942,548,245384,634,384358,417,337186,790,929181,115,000203,247,000207,410,000216,299,000223,401,000222,638,000247,483,000273,678,000340,199,000393,488,000455,579,000521,250,000569,139,000
Net income
361m
+163.87%
7,618,16069,783,90939,128,367-3,913,87200159,068,73771,337,000145,031,00070,213,000193,334,000279,325,000357,702,000465,156,000382,079,000429,804,0001,309,937,000155,768,000136,662,000360,609,000
CFO
339m
+8.12%
82,799,06161,892,16875,731,873104,144,775109,926,65288,817,208116,348,055116,646,000127,894,00092,863,000159,844,000159,991,000158,677,000157,888,000183,431,000244,321,000262,264,000277,496,000313,181,000338,609,000
Earnings
May 06, 2025

Profile

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 108 investment properties representing approximately 45.3 million square feet of leasable area.
URL
https://granitereit.com/
IPO date
Aug 20, 2003
Employees
Domiciled in
CA
Incorporated in
CA

Valuation

Title
CAD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
569,139
9.19%
521,250
14.41%
455,579
15.78%
Cost of revenue
133,488
126,457
103,819
Unusual Expense (Income)
NOPBT
435,651
394,793
351,760
NOPBT Margin
76.55%
75.74%
77.21%
Operating Taxes
30,874
(9,489)
(63,665)
Tax Rate
7.09%
NOPAT
404,777
404,282
415,425
Net income
360,609
163.87%
136,662
-12.27%
155,768
-88.11%
Dividends
(207,851)
(203,910)
(202,284)
Dividend yield
4.75%
4.22%
4.48%
Proceeds from repurchase of equity
(45,808)
(26,994)
(142,410)
BB yield
1.05%
0.56%
3.16%
Debt
Debt current
945
244,898
451,826
Long-term debt
3,146,282
2,887,446
2,650,630
Deferred revenue
17,358
Other long-term liabilities
32,298
8,429
(10,967)
Net debt
3,021,052
2,906,968
2,815,520
Cash flow
Cash from operating activities
338,609
313,181
277,496
CAPEX
(125)
(285)
(807)
Cash from investing activities
(65,460)
(128,127)
(766,556)
Cash from financing activities
(267,495)
(203,110)
214,559
FCF
404,009
405,173
413,874
Balance
Cash
126,175
116,134
135,081
Long term investments
109,242
151,855
Excess cash
97,718
199,314
264,157
Stockholders' equity
5,736,629
5,278,391
7,171,166
Invested Capital
8,784,049
8,191,920
8,273,935
ROIC
4.77%
4.91%
5.33%
ROCE
4.60%
4.42%
3.87%
EV
Common stock shares outstanding
62,725
63,356
65,300
Price
69.76
-8.55%
76.28
10.42%
69.08
-34.46%
Market cap
4,375,696
-9.46%
4,832,778
7.13%
4,510,924
-33.13%
EV
7,405,141
7,746,436
9,033,836
EBITDA
436,940
396,065
353,358
EV/EBITDA
16.95
19.56
25.57
Interest
86,435
72,864
45,183
Interest/NOPBT
19.84%
18.46%
12.84%