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 Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
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 |
Rental Revenue | 644.43 | 617.89 | 568.64 | 521.25 | 455.58 | 393.49 |
| 644.43 | 617.89 | 568.64 | 521.25 | 455.58 | 393.49 | |
Revenue Growth (YoY | 8.66% | 8.66% | 9.09% | 14.41% | 15.78% | 15.66% |
Property Expenses | 115.57 | 109.24 | 97.15 | 86.01 | 75.22 | 60.81 |
Selling, General & Administrative | 57.27 | 45.85 | 35.44 | 41.29 | 29.47 | 37.77 |
Depreciation & Amortization | 1.14 | 1.19 | 1.29 | 1.27 | 1.6 | 1.32 |
Other Operating Expenses | - | - | - | - | - | 0.63 |
Total Operating Expenses | 173.98 | 156.28 | 133.88 | 128.58 | 106.28 | 100.53 |
Operating Income | 470.45 | 461.61 | 434.76 | 392.67 | 349.3 | 292.96 |
Interest Expense | -97.73 | -96.83 | -82.75 | -99.09 | -37.16 | -41.85 |
Interest & Investment Income | 2.62 | 3.13 | 7.07 | 7.71 | 1.63 | 3.11 |
Currency Exchange Gain (Loss) | 0.68 | -0.84 | -14.41 | -1.03 | 1.22 | 5.11 |
Other Non-Operating Income | -0.99 | 1.04 | -1.98 | 3.08 | -2.43 | -2.63 |
EBT Excluding Unusual Items | 375.03 | 368.11 | 342.69 | 303.34 | 312.55 | 256.7 |
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 |
Other Unusual Items | 1.27 | 0.81 | -2.98 | -0.15 | - | -3.96 |
Pretax Income | 392.79 | 361.3 | 392.76 | 129.01 | 92.16 | 1,551 |
Income Tax Expense | 27.44 | 18.5 | 30.87 | -9.49 | -63.67 | 240.57 |
Earnings From Continuing Operations | 365.35 | 342.81 | 361.88 | 138.5 | 155.82 | 1,310 |
Minority Interest in Earnings | -0.59 | -0.47 | -1.27 | -1.83 | -0.05 | -0.34 |
Net Income | 364.76 | 342.34 | 360.61 | 136.66 | 155.77 | 1,310 |
Net Income to Common | 364.76 | 342.34 | 360.61 | 136.66 | 155.77 | 1,310 |
Net Income Growth | 9.15% | -5.07% | 163.87% | -12.27% | -88.11% | 204.78% |
Basic Shares Outstanding | 61 | 61 | 63 | 63 | 64 | 66 |
Diluted Shares Outstanding | 61 | 61 | 63 | 63 | 64 | 66 |
Shares Change | 1.26% | -3.39% | -1.00% | -0.55% | -3.02% | 6.49% |
EPS (Basic) | 5.95 | 5.65 | 5.75 | 2.16 | 2.45 | 19.94 |
EPS (Diluted) | 5.95 | 5.65 | 5.75 | 2.16 | 2.45 | 19.94 |
EPS Growth | 7.79% | -1.74% | 166.52% | -11.78% | -87.74% | 186.19% |
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 |
Dividend Per Share | 3.487 | 3.412 | 3.320 | 3.209 | 3.123 | 3.008 |
Dividend Growth | 3.48% | 2.77% | 3.47% | 2.74% | 3.82% | 3.01% |
Operating Margin | 73.00% | 74.71% | 76.46% | 75.33% | 76.67% | 74.45% |
Profit Margin | 56.60% | 55.41% | 63.42% | 26.22% | 34.19% | 332.90% |
EBITDA | 471.6 | 462.8 | 436.05 | 393.95 | 350.89 | 294.28 |
EBITDA Margin | 73.18% | 74.90% | 76.68% | 75.58% | 77.02% | 74.79% |
D&A For Ebitda | 1.14 | 1.19 | 1.29 | 1.27 | 1.6 | 1.32 |
EBIT | 470.45 | 461.61 | 434.76 | 392.67 | 349.3 | 292.96 |
EBIT Margin | 73.00% | 74.71% | 76.46% | 75.33% | 76.67% | 74.45% |
Funds From Operations (FFO) | 377.6 | 363 | 343.9 | 317.6 | 289.3 | 251.3 |
FFO Per Share | 6.19 | 5.91 | 5.44 | 4.97 | 4.43 | 3.93 |
Adjusted Funds From Operations (AFFO) | - | 319.8 | 307.1 | 287.4 | 264.2 | 235.2 |
AFFO Per Share | - | 5.21 | 4.86 | 4.50 | 4.05 | 3.68 |
FFO Payout Ratio | 55.80% | 57.34% | 60.44% | 64.20% | 69.92% | 76.04% |
Effective Tax Rate | 6.99% | 5.12% | 7.86% | - | - | 15.51% |
Revenue as Reported | 645.7 | 618.7 | 569.14 | 521.25 | - | - |