Granite Real Estate Investment Trust (TSX:GRT.UN)
Canada · Delayed Price · Currency is CAD 88.55
+0.59 (0.67%)
Sep 4, 2026, 4:00 PM EST
TSX:GRT.UN Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 364.76 | 342.34 | 360.61 | 136.66 | 155.77 | 1,310 |
Depreciation & Amortization | 1.14 | 1.19 | 1.29 | 1.27 | 1.6 | 1.32 |
Other Amortization | 3.37 | 3.52 | 2.99 | 6.89 | 6.46 | 7.63 |
Gain (Loss) on Sale of Assets | 3.72 | 1.98 | - | 1.51 | 0.67 | 0.76 |
Asset Writedown | -20.21 | 5.64 | -53.04 | 172.68 | 219.73 | -1,299 |
Stock-Based Compensation | 20.72 | 13.66 | 5.36 | 10.21 | -0.17 | 12.44 |
Change in Accounts Receivable | 2.03 | 9.6 | -5.96 | -0.2 | 1.67 | -4.12 |
Change in Accounts Payable | 1.48 | 6.45 | -2.33 | -1.73 | -4.21 | 4.78 |
Change in Other Net Operating Assets | -1.28 | -1.36 | 0.64 | -3.39 | -2.27 | -2.9 |
Other Operating Activities | 5.39 | -2.37 | 29.14 | -11.38 | -106.46 | 231.09 |
Operating Cash Flow | 381.14 | 388.08 | 338.61 | 313.18 | 277.5 | 262.26 |
Operating Cash Flow Growth | 5.98% | 14.61% | 8.12% | 12.86% | 5.81% | 5.20% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Acquisition of Real Estate Assets | -371.88 | -372.97 | -52.03 | -234 | -760.7 | -1,052 |
Sale of Real Estate Assets | 328.53 | 187.52 | - | 43.77 | 63.94 | 35.43 |
Net Sale / Acq. of Real Estate Assets | -43.35 | -185.45 | -52.03 | -190.23 | -696.76 | -1,016 |
Other Investing Activities | -18.6 | -18.13 | -13.43 | -7.16 | -14.02 | 1.28 |
Investing Cash Flow | -61.95 | -203.58 | -65.46 | -128.13 | -766.56 | -1,025 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 816.26 | 795.71 | 595.46 | 830.68 | 498.06 |
Total Debt Issued | 1,142 | 816.26 | 795.71 | 595.46 | 830.68 | 498.06 |
Long-Term Debt Repaid | - | -629.27 | -824.69 | -548.22 | -264.83 | -254.71 |
Lease Payments | -1.03 | -0.97 | -0.89 | -0.73 | -0.77 | -0.75 |
Total Debt Repaid | -1,303 | -629.27 | -824.69 | -548.22 | -264.83 | -254.71 |
Net Debt Issued (Repaid) | -161.06 | 186.99 | -28.97 | 47.25 | 565.86 | 243.35 |
Issuance of Common Stock | 67.19 | - | - | - | 13.12 | 303.06 |
Repurchase of Common Stock | -0.05 | -144.65 | -45.81 | -26.99 | -155.53 | - |
Common Dividends Paid | -210.71 | -208.14 | -207.85 | -203.91 | -202.28 | -191.08 |
Other Financing Activities | -1.3 | -0.9 | 15.14 | -19.45 | -6.6 | -21.86 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -5.1 | -4.39 | 4.39 | -0.89 | 7.07 | 0.92 |
Net Cash Flow | 8.17 | 13.42 | 10.04 | -18.95 | -267.43 | -428.77 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Levered Free Cash Flow | 526.08 | 214.91 | 230.7 | 292.75 | 144.22 | 165.89 |
Unlevered Free Cash Flow | 583.79 | 271.9 | 279.49 | 352.19 | 165.13 | 189.52 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 94.68 | 93.26 | 79.48 | 72.46 | 52.49 | 40.48 |
Cash Income Tax Paid | 12.23 | 11.22 | 8.32 | 8.26 | 18.09 | 7.04 |
Change in Working Capital | 2.25 | 22.12 | -7.74 | -4.66 | -0.1 | -2.05 |