Granite Real Estate Investment Trust (GRTUF)

Revenue by Geography

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Canada Revenue	-	96.59M	80.46M
Canada Revenue Growth	-	20.05%	5.96%
United States Revenue	-	314.18M	296.52M
United States Revenue Growth	-	5.96%	17.79%
Austria Revenue	-	73.52M	63.83M
Austria Revenue Growth	-	15.19%	7.23%
Germany Revenue	-	41.05M	38.80M
Germany Revenue Growth	-	5.80%	21.92%
Netherland Revenue	-	43.80M	41.65M
Netherland Revenue Growth	-	5.17%	19.17%
Revenue (Total)	604.17M	569.14M	521.25M
Revenue (Total) Growth	6.16%	9.19%	14.41%

Revenue

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Base Rent Revenue	493.76M	466.30M	427.35M
Base Rent Revenue Growth	5.89%	9.11%	13.57%
Straight-Line Rent Amortization Revenue	9.26M	11.84M	16.69M
Straight-Line Rent Amortization Revenue Growth	-21.82%	-29.04%	57.51%
Tenant Incentive Amortization Revenue	-	-54.00K	-4.40M
Property Tax Recoveries Revenue	63.85M	57.75M	52.86M
Property Tax Recoveries Revenue Growth	10.57%	9.24%	9.79%
Property Insurance Recoveries Revenue	6.83M	7.34M	6.39M
Property Insurance Recoveries Revenue Growth	-6.92%	14.94%	29.09%
Operating Cost Recoveries Revenue	30.47M	25.47M	22.36M
Operating Cost Recoveries Revenue Growth	19.66%	13.89%	13.27%
Revenue (Other)	-	496.00K	-
Revenue (Total)	604.17M	569.14M	521.25M
Revenue (Total) Growth	6.16%	9.19%	14.41%

Key Performance Indicators

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Funds From Operations (FFO)	359.00M	343.90M	317.60M
Funds From Operations (FFO) Growth	4.39%	8.28%	9.78%
Adjusted Funds From Operations (AFFO)	319.30M	307.10M	287.40M
Adjusted Funds From Operations (AFFO) Growth	3.97%	6.86%	8.78%
Income-Producing Properties	134.00	138.00	137.00
Income-Producing Properties Growth	-2.90%	0.73%	7.03%
Properties Under Development	-	-	3.00
Properties Under Development Growth	-	-	-62.50%
Land Held for Development	-	-	3.00
Land Held for Development Growth	-	-	-25.00%
Total Development Properties	6.00	5.00	6.00
Total Development Properties Growth	20.00%	-16.67%	-50.00%
Total Number of Investment Properties	140.00	143.00	143.00
Total Number of Investment Properties Growth	-2.10%	-	2.14%
Gross Leasable Area/GLA (Square Feet)	60.90	63.30	62.90
Gross Leasable Area/GLA (Square Feet) Growth	-3.79%	0.64%	5.89%
Occupancy, by GLA	96.80%	94.90%	95.00%

Updated Sep 30, 2025. Data Source: Fiscal.ai.