Granite Real Estate Investment Trust (TSX:GRT.UN)
Canada · Delayed Price · Currency is CAD 88.66
+0.62 (0.70%)
Feb 10, 2026, 3:30 PM EST
TSX:GRT.UN Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
Rental Revenue | 604.17 | 568.64 | 521.25 | 455.58 | 393.49 | 340.2 |
| 604.17 | 568.64 | 521.25 | 455.58 | 393.49 | 340.2 | |
Revenue Growth (YoY | 9.76% | 9.09% | 14.41% | 15.78% | 15.66% | 24.70% |
Property Expenses | 107.64 | 97.15 | 86.01 | 75.22 | 60.81 | 47.16 |
Selling, General & Administrative | 37.44 | 35.44 | 41.29 | 29.47 | 37.77 | 32 |
Depreciation & Amortization | 1.23 | 1.29 | 1.27 | 1.6 | 1.32 | 1.15 |
Other Operating Expenses | - | - | - | - | 0.63 | - |
Total Operating Expenses | 146.31 | 133.88 | 128.58 | 106.28 | 100.53 | 80.32 |
Operating Income | 457.86 | 434.76 | 392.67 | 349.3 | 292.96 | 259.88 |
Interest Expense | -81.88 | -82.75 | -99.09 | -37.16 | -41.85 | -41.78 |
Interest & Investment Income | 5.78 | 7.07 | 7.71 | 1.63 | 3.11 | 2.37 |
Currency Exchange Gain (Loss) | -14.93 | -14.41 | -1.03 | 1.22 | 5.11 | 3.67 |
Other Non-Operating Income | -1.5 | -1.98 | 3.08 | -2.43 | -2.63 | 2.53 |
EBT Excluding Unusual Items | 365.33 | 342.69 | 303.34 | 312.55 | 256.7 | 226.68 |
Gain (Loss) on Sale of Assets | - | - | -1.51 | -0.67 | -0.76 | -0.9 |
Asset Writedown | -67.5 | 53.04 | -172.68 | -219.73 | 1,299 | 273.44 |
Other Unusual Items | -2.66 | -2.98 | -0.15 | - | -3.96 | -0.2 |
Pretax Income | 295.18 | 392.76 | 129.01 | 92.16 | 1,551 | 499.02 |
Income Tax Expense | 3.35 | 30.87 | -9.49 | -63.67 | 240.57 | 69.09 |
Earnings From Continuing Operations | 291.83 | 361.88 | 138.5 | 155.82 | 1,310 | 429.93 |
Net Income to Company | 291.83 | 361.88 | 138.5 | 155.82 | 1,310 | 429.93 |
Minority Interest in Earnings | -1.21 | -1.27 | -1.83 | -0.05 | -0.34 | -0.12 |
Net Income | 290.62 | 360.61 | 136.66 | 155.77 | 1,310 | 429.8 |
Net Income to Common | 290.62 | 360.61 | 136.66 | 155.77 | 1,310 | 429.8 |
Net Income Growth | -5.70% | 163.87% | -12.27% | -88.11% | 204.78% | 12.49% |
Basic Shares Outstanding | 61 | 63 | 63 | 64 | 66 | 62 |
Diluted Shares Outstanding | 61 | 63 | 63 | 64 | 66 | 62 |
Shares Change (YoY) | -3.43% | -1.00% | -0.55% | -3.02% | 6.49% | 14.13% |
EPS (Basic) | 4.80 | 5.75 | 2.16 | 2.45 | 19.94 | 6.97 |
EPS (Diluted) | 4.80 | 5.75 | 2.16 | 2.45 | 19.94 | 6.97 |
EPS Growth | -2.35% | 166.52% | -11.78% | -87.74% | 186.19% | -1.43% |
Dividend Per Share | 3.378 | 3.308 | 3.209 | 3.123 | 3.008 | 2.920 |
Dividend Growth | 2.73% | 3.10% | 2.74% | 3.82% | 3.01% | 4.29% |
Operating Margin | 75.78% | 76.46% | 75.33% | 76.67% | 74.45% | 76.39% |
Profit Margin | 48.10% | 63.42% | 26.22% | 34.19% | 332.90% | 126.34% |
EBITDA | 459.09 | 436.05 | 393.95 | 350.89 | 294.28 | 261.03 |
EBITDA Margin | 75.99% | 76.68% | 75.58% | 77.02% | 74.79% | 76.73% |
D&A For Ebitda | 1.23 | 1.29 | 1.27 | 1.6 | 1.32 | 1.15 |
EBIT | 457.86 | 434.76 | 392.67 | 349.3 | 292.96 | 259.88 |
EBIT Margin | 75.78% | 76.46% | 75.33% | 76.67% | 74.45% | 76.39% |
Funds From Operations (FFO) | 359.1 | 343.9 | 317.6 | 289.3 | 251.3 | 225.4 |
FFO Per Share | 5.80 | 5.44 | 4.97 | 4.43 | 3.93 | 3.98 |
Adjusted Funds From Operations (AFFO) | - | 307.1 | 287.4 | 264.2 | 235.2 | 215.7 |
AFFO Per Share | - | 4.86 | 4.50 | 4.05 | 3.68 | 3.81 |
FFO Payout Ratio | 58.04% | 60.44% | 64.20% | 69.92% | 76.04% | 72.34% |
Effective Tax Rate | 1.14% | 7.86% | - | - | 15.51% | 13.85% |
Revenue as Reported | 604.98 | 569.14 | 521.25 | - | - | - |
Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.