Granite Real Estate Investment Trust (TSX:GRT.UN)
Canada flag Canada · Delayed Price · Currency is CAD
91.13
-0.31 (-0.34%)
Aug 14, 2026, 4:00 PM EST

TSX:GRT.UN Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
644.43617.89568.64521.25455.58393.49
Revenue Growth
8.66%8.66%9.09%14.41%15.78%15.66%
Net Income
364.76342.34360.61136.66155.771,310
Earnings Per Share
5.955.655.752.162.4519.94
EPS Growth
7.79%-1.74%166.52%-11.78%-87.74%186.19%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Base Rent
522.88505.96466.3427.35376.3331.4
Straight-Line Rent Amortization
10.989.0411.8416.6910.68.89
Tenant Incentive Amortization
---0.05-4.4-4.15-5.11
Property Tax Recoveries
70.1463.7357.7552.8648.1538.9
Property Insurance Recoveries
7.856.647.346.394.953.29
Operating Cost Recoveries
32.5832.5125.4722.3619.7416.11
Revenue (Total)
645.7618.7569.14521.25455.58393.49

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
94.64139.59126.18125.18135.08402.51
Total Debt
3,2063,4303,1453,1083,0822,477
Net Cash (Debt)
-3,111-3,291-3,019-2,982-2,947-2,074
Net Cash Growth
------
Net Cash Per Share
-50.71-54.30-48.13-47.07-46.26-31.57

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
381.14388.08338.61313.18277.5262.26
Free Cash Flow
381.14388.08338.61313.18277.5262.26
Free Cash Flow Growth
5.98%14.61%8.12%12.86%5.81%5.20%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
73.00%74.71%76.46%75.33%76.67%74.45%
Pretax Margin
60.95%58.47%69.07%24.75%20.23%394.13%
Profit Margin
56.60%55.41%63.42%26.22%34.19%332.90%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
0%2.77%3.47%2.74%3.82%3.01%
Dividend Yield
3.90%4.27%5.10%---

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
15.3314.4612.14---
PS Ratio
8.788.017.70---