Granite Real Estate Investment Trust (TSX:GRT.UN)
Canada flag Canada · Delayed Price · Currency is CAD
87.01
+0.09 (0.10%)
Nov 9, 2026, 4:00 PM EST

TSX:GRT.UN Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
657.99617.89568.64521.25455.58393.49
Revenue Growth
8.91%8.66%9.09%14.41%15.78%15.66%
Net Income
374.95342.34360.61136.66155.771,310
Earnings Per Share
6.045.655.752.162.4519.94
EPS Growth
25.92%-1.74%166.52%-11.78%-87.74%186.19%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Base Rent
531.51505.96466.3427.35376.3331.4
Straight-Line Rent Amortization
10.659.0411.8416.6910.68.89
Tenant Incentive Amortization
---0.05-4.4-4.15-5.11
Property Tax Recoveries
74.0163.7357.7552.8648.1538.9
Property Insurance Recoveries
8.56.647.346.394.953.29
Operating Cost Recoveries
33.3232.5125.4722.3619.7416.11
Revenue (Total)
659.25618.7569.14521.25455.58393.49

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
102.3139.59126.18125.18135.08402.51
Total Debt
3,2023,4303,1453,1083,0822,477
Net Cash (Debt)
-3,100-3,291-3,019-2,982-2,947-2,074
Net Cash Growth
------
Net Cash Per Share
-49.92-54.30-48.13-47.07-46.26-31.57

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
384.75388.08338.61313.18277.5262.26
Free Cash Flow
384.75388.08338.61313.18277.5262.26
Free Cash Flow Growth
2.62%14.61%8.12%12.86%5.81%5.20%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
73.90%74.71%76.46%75.33%76.67%74.45%
Pretax Margin
65.31%58.47%69.07%24.75%20.23%394.13%
Profit Margin
56.98%55.41%63.42%26.22%34.19%332.90%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
3.5503.4123.3203.2093.1233.008
Dividend Per Share Growth
4.30%2.77%3.47%2.74%3.82%3.01%
Dividend Yield
4.08%4.18%4.76%---

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
14.4114.4612.14---
PS Ratio
8.258.017.70---