Granite Real Estate Investment Trust (GRP.U)
| Market Cap | 2.86B |
| Revenue (ttm) | 405.99M |
| Net Income (ttm) | 219.40M |
| Shares Out | 61.32M |
| EPS (ttm) | 3.55 |
| PE Ratio | 13.02 |
| Forward PE | 10.71 |
| Dividend | $1.21 (2.58%) |
| Ex-Dividend Date | Oct 31, 2024 |
| Volume | 13,001 |
| Open | 45.73 |
| Previous Close | 45.74 |
| Day's Range | 45.73 - 47.04 |
| 52-Week Range | 38.37 - 65.63 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 86.00 (+84.08%) |
| Earnings Date | May 7, 2025 |
About GRP.U
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 63.3 million square feet of gross leasable area. [Read more]
Financial Performance
In 2024, GRP.U's revenue was 568.64 million, an increase of 9.09% compared to the previous year's 521.25 million. Earnings were 360.61 million, an increase of 163.87%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to one analyst, the rating for GRP.U stock is "Buy" and the 12-month stock price forecast is $86.0.
News
Granite REIT Announces C$800 Million Offering of Senior Unsecured Debentures
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (“Gran...
Granite Real Estate Investment Trust and Granite REIT Inc. Complete Unwind of Stapled Unit Structure
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP”) (collectively, “Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that on Octob...
Granite Announces Renewal of Normal Course Issuer Bid
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN / NYSE: GRP.U) (“Granite REIT” and “Granite GP”, and collectively, “Granite”) today announced the acce...
Granite Real Estate Investment Trust and Granite REIT Inc. Announce Proposal to Unwind Stapled Unit Structure
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP” and, together with Granite REIT, “Granite”) (TSX: GRT.UN; NYSE: GRP.U) announced tod...
Granite REIT Notice of Conference Call for First Quarter 2024 Results
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the first quarter ended March 31, 2024 after the cl...
Granite REIT Declares Distribution for November 2023
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2667 per stapled...
Granite Announces Third Quarter 2023 Results and a 3.125% Distribution Increase Commencing in December 2023
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (“Granite” or the “Trust”) announced today its combined results for the three and nine m...
Granite REIT Completes C$400 Million Green Bond Offering
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite” or the “REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Part...
Granite REIT: Good Growth Play
Granite REIT has grown tremendously in the last 24 months. Its property count has grown by over 35%.