Granite Real Estate Investment Trust (TSX:GRT.UN)
Canada · Delayed Price · Currency is CAD 98.16
+0.50 (0.51%)
Jul 27, 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 | Mar '26 Mar 31, 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 |
Property Revenue | 629.87 | 618.7 | 569.14 | 521.25 | 455.58 | 393.49 |
| 629.87 | 618.7 | 569.14 | 521.25 | 455.58 | 393.49 | |
Revenue Growth | 7.70% | 8.71% | 9.19% | 14.41% | 15.78% | 15.66% |
Property Expenses | 111.79 | 109.24 | 97.15 | 86.01 | 75.22 | 60.81 |
Total Property Expenses | 111.79 | 109.24 | 97.15 | 86.01 | 75.22 | 60.81 |
Gross Profit | 518.08 | 509.46 | 471.99 | 435.24 | 380.36 | 332.68 |
Selling, General & Admin | 49.08 | 45.85 | 38.91 | 41.44 | 29.47 | 38.4 |
Depreciation & Amortization Expenses | 1.16 | 1.19 | 1.29 | 1.27 | 1.6 | 1.32 |
Operating Income | 467.84 | 462.42 | 431.79 | 392.53 | 349.3 | 292.96 |
Net Gains on Disposal of Properties | - | -1.98 | - | -1.51 | -0.67 | -0.76 |
Interest Income | 2.78 | 3.13 | 7.07 | 7.71 | 1.63 | 3.11 |
Interest Expense | -97.86 | -96.89 | -89.9 | -78.72 | -50.97 | -47.23 |
Other Non-Operating Income (Expense) | 50.52 | -5.38 | 43.79 | -191.01 | -207.13 | 1,303 |
Total Non-Operating Income (Expense) | -44.55 | -101.12 | -39.03 | -263.52 | -257.14 | 1,258 |
Pretax Income | 423.29 | 361.3 | 392.76 | 129.01 | 92.16 | 1,551 |
Provision for Income Taxes | -29.24 | -18.5 | -30.87 | 9.49 | -63.67 | -240.57 |
Net Income | 452.52 | 379.8 | 423.63 | 119.52 | 155.82 | 1,791 |
Minority Interest in Earnings | - | 0.47 | 1.27 | - | - | - |
Net Income to Common | 390.33 | 342.81 | 361.88 | 138.5 | 155.82 | 1,310 |
Net Income Growth | 23.20% | -5.27% | 161.29% | -11.12% | -88.11% | 204.77% |
Shares Outstanding (Basic) | 61 | 61 | 63 | 64 | 65 | 64 |
Shares Outstanding (Diluted) | 61 | 61 | 63 | 64 | 65 | 64 |
Shares Change | -3.69% | -4.11% | -1.09% | -2.14% | 2.03% | 12.88% |
EPS (Basic) | 6.44 | 5.66 | 5.46 | 4.99 | 4.44 | 3.93 |
EPS (Diluted) | 6.44 | 5.66 | 5.44 | 4.97 | 4.43 | 3.93 |
EPS Growth | 27.93% | 3.98% | 9.46% | 12.19% | 12.72% | -48.17% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 |
Free Cash Flow | 343.28 | 359.36 | 287.41 | 181.94 | 9.51 | 162.5 |
Free Cash Flow Growth | 7.68% | 25.03% | 57.97% | 1812.93% | -94.15% | -11.68% |
Free Cash Flow Per Share | 5.66 | 5.93 | 4.55 | 2.85 | 0.15 | 2.54 |
Dividends Per Share | 3.450 | 3.412 | 3.320 | 3.209 | 3.123 | 3.008 |
Dividend Growth | 3.13% | 2.77% | 3.47% | 2.74% | 3.82% | 3.01% |
Gross Margin | 82.25% | 82.34% | 82.93% | 83.50% | 83.49% | 84.55% |
Operating Margin | 74.28% | 74.74% | 75.87% | 75.30% | 76.67% | 74.45% |
Profit Margin | 71.84% | 61.39% | 74.43% | 22.93% | 34.20% | 455.26% |
FCF Margin | 54.50% | 58.08% | 50.50% | 34.90% | 2.09% | 41.30% |
EBITDA | 468.12 | 462.42 | 431.79 | 392.53 | 349.3 | 292.96 |
EBITDA Margin | 74.32% | 74.74% | 75.87% | 75.30% | 76.67% | 74.45% |
EBIT | 467.84 | 462.42 | 431.79 | 392.53 | 349.3 | 292.96 |
EBIT Margin | 74.28% | 74.74% | 75.87% | 75.30% | 76.67% | 74.45% |
Effective Tax Rate | -6.91% | -5.12% | -7.86% | 7.36% | -69.08% | -15.51% |