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Granite Real Estate Investment Trust

Real Estate CA GRT.UN

63.15CAD
1.64(2.67%)

Last update at 2025-04-24T20:00:00Z

Day Range

61.8463.30
LowHigh

52 Week Range

62.2585.20
LowHigh

Fundamentals

  • Previous Close 61.51
  • Market Cap4852.18M
  • Volume98451
  • P/E Ratio-
  • Dividend Yield4.42%
  • EBITDA387.08M
  • Revenue TTM517.02M
  • Revenue Per Share TTM8.11
  • Gross Profit TTM 380.36M
  • Diluted EPS TTM-0.2

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 92.16M 1550.84M 499.02M 424.94M 518.01M
Minority interest -0.05400M -0.33500M 2.13M 1.97M 1.47M
Net income 155.77M 1309.94M 429.80M 382.08M 465.16M
Selling general administrative 28.60M 37.77M 31.64M 31.42M 29.40M
Selling and marketing expenses - - - - -
Gross profit 380.36M 332.68M 293.04M 238.31M 216.54M
Reconciled depreciation 1.60M 1.32M 1.15M 0.91M 0.30M
Ebit 345.14M 292.19M 259.82M 238.31M 536.35M
Ebitda 346.73M 293.51M 260.98M 211.66M 536.65M
Depreciation and amortization 1.60M 1.32M 1.15M -26.65000M 0.30M
Non operating income net other - - - - -
Operating income 345.14M 292.19M 259.82M 238.31M 186.84M
Other operating expenses 106.28M 100.53M 80.52M 67.69M 60.65M
Interest expense 45.18M 39.39M 33.61M 27.77M 18.54M
Tax provision -63.66500M 240.57M 69.09M 42.67M 52.65M
Interest income 1.62M 3.11M 2.37M 9.61M 2.64M
Net interest income -49.34200M -40.15400M -33.46700M -20.32800M -19.77500M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -63.66500M 240.57M 69.09M 42.67M 52.65M
Total revenue 455.58M 393.49M 340.20M 273.68M 247.48M
Total operating expenses 31.06M 39.72M 33.35M 32.33M 29.70M
Cost of revenue 75.22M 60.81M 47.16M 35.36M 30.94M
Total other income expense net -252.97900M 1258.64M 239.19M 186.63M 331.17M
Discontinued operations - - - - -
Net income from continuing ops 155.82M 1310.27M 429.93M 382.27M 465.36M
Net income applicable to common shares 155.77M 1309.94M 429.80M 382.08M 465.16M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 9280.35M 8566.70M 6747.47M 4803.96M 4188.76M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 14.68M 71.81M 6.90M 3.39M 47.22M
Total liab 3800.01M 3245.16M 2825.27M 1655.85M 1691.77M
Total stockholder equity 5475.38M 5318.65M 3920.07M 3146.14M 2495.52M
Deferred long term liab 1.89M 2.47M 0.60M 0.89M 1.17M
Other current liab 138.93M 146.37M 102.07M 143.65M 55.47M
Common stock 3347.82M 3444.42M 3139.19M 2608.05M 2063.78M
Capital stock 3347.82M 3444.42M 3139.19M 2608.05M 2063.78M
Retained earnings 1702.42M 1748.96M 631.65M 367.25M 124.50M
Other liab 557.39M 604.67M 392.84M 320.97M 303.96M
Good will - - - - -
Other assets 92.26M 124.73M 51.84M 51.06M 57.00M
Cash 135.08M 402.51M 831.28M 298.68M 658.25M
Cash and equivalents - - - - -
Total current liabilities 619.32M 164.38M 373.92M 85.09M 84.63M
Current deferred revenue 17.36M 12.10M 11.28M 5.80M 4.29M
Net debt 2933.65M 2055.49M 1380.62M 921.36M 540.17M
Short term debt 451.83M 0.51M 250.70M 0.62M -
Short long term debt 451.08M - 249.87M - -
Short long term debt total 3068.73M 2458.00M 2211.89M 1220.04M 1198.41M
Other stockholder equity 11.60M 53.33M 53.33M 54.65M 95.79M
Property plant equipment 8762.65M 7892.67M 5821.12M 4431.05M 3421.76M
Total current assets 273.59M 486.53M 845.84M 321.84M 709.99M
Long term investments - - - - -
Net tangible assets 5475.38M 5318.65M 3920.07M 3146.14M 2495.52M
Short term investments - - - - -
Net receivables 82.65M 12.21M 7.66M 19.78M 4.53M
Long term debt 2583.93M 2425.85M 1928.25M 1186.99M 1198.41M
Inventory 41.18M - - - -
Accounts payable 11.20M 5.40M 9.88M 6.84M 5.35M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 413.53M 71.95M 95.90M 116.19M 211.45M
Additional paid in capital - - - - -
Common stock total equity - - 3139.19M 2608.05M 2063.78M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 9002.09M 8073.23M 5893.61M 4475.94M 3472.69M
Deferred long term asset charges - - - - -
Non current assets total 9006.76M 8080.17M 5901.63M 4482.11M 3478.76M
Capital lease obligations 33.72M 32.15M 33.77M 33.05M -
Long term debt total - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -200.82400M -766.55600M -1025.42400M -1066.82200M -876.09400M
Change to liabilities - 0.49M 5.60M 6.44M 1.16M
Total cashflows from investing activities - -766.55600M -1025.42400M -1066.82200M -876.09400M
Net borrowings - 565.86M 243.35M 993.55M -0.59800M
Total cash from financing activities -217.21200M 214.56M 333.48M 1358.20M 343.52M
Change to operating activities - -2.26900M -2.89900M 0.06M -0.43600M
Net income -20.99800M 155.82M 1310.27M 429.93M 382.27M
Change in cash -115.99400M -267.43200M -428.76700M 532.60M -359.56900M
Begin period cash flow 274.30M 402.51M 831.28M 298.68M 658.25M
End period cash flow 158.93M 135.08M 402.51M 831.28M 298.68M
Total cash from operating activities 302.67M 277.50M 262.26M 244.32M 183.43M
Issuance of capital stock 0.00000M 13.12M 303.06M 552.93M 502.00M
Depreciation 1.37M 1.60M 1.32M 1.15M 0.91M
Other cashflows from investing activities - -14.01700M 1.73M 1.62M -17.12500M
Dividends paid 202.67M 202.28M 191.08M 163.06M 150.61M
Change to inventory - - - - -
Change to account receivables 5.75M 1.67M -4.11900M 10.14M -3.67000M
Sale purchase of stock -69.10000M -155.52500M -0.00100M -25.01800M -0.07100M
Other cashflows from financing activities - 824.08M 476.21M 993.99M -7.20200M
Change to netincome - 113.77M -1055.20400M -209.93200M -202.89800M
Capital expenditures 0.17M 0.81M 0.59M 65.29M 30.47M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -6.28900M -0.10200M -1.41600M 16.64M -2.94500M
Stock based compensation 9.83M -0.16700M 12.44M 8.12M 7.48M
Other non cash items 59.37M 184.01M -1300.92100M -280.60600M -246.95600M
Free cash flow 302.50M 276.69M 261.68M 179.03M 152.96M

Peer Comparison

Sector: Real Estate Industry: REIT - Industrial

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
GRT-UN
Granite Real Estate Investment Trust
1.64 2.67% 63.15 - 14.49 9.38 0.90 15.11 524.00

Reports Covered

Stock Research & News

Profile

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 62.9 million square feet of leasable area.

Granite Real Estate Investment Trust

Toronto-Dominion Centre, Toronto, ON, Canada, M5K 1H1

Key Executives

Name Title Year Born
Mr. Kevan S. Gorrie ICD.D, P. Eng Pres, CEO & Trustee 1969
Ms. Teresa Neto CA Chief Financial Officer 1966
Mr. Michael A. Ramparas Exec. VP of Global Real Estate & Head of Investments NA
Mr. Lawrence Clarfield Exec. VP, Gen. Counsel & Corp. Sec. NA
Mr. Lorne Kumer Exec. VP & Head of Global Real Estate NA
Ms. Stephanie Karamarkovic VP of Accounting & Financial Reporting NA
Andrea Sanelli Mang. of Legal & Investor Services NA
Mr. Don Mathew VP, Real Estate Investment NA
Mr. Witsard Schaper Sr. VP & Head of Europe NA
Mr. Jon Sorg Sr. VP & Head of U.S. NA

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