Granite Real Estate Investment Trust (GRP.U)
59.76
+1.57
(+2.70%)
USD |
NYSE |
Mar 27, 16:00
Key Stats
| Price and Performance | |
|---|---|
| Market Cap | 3.807B |
| 52 Week High (Daily) | Upgrade |
| 52 Week Low (Daily) | Upgrade |
| All-Time High (Daily) | Upgrade |
| Year to Date Total Returns (Daily) | Upgrade |
| 1 Month Total Returns (Daily) | Upgrade |
| 1 Year Total Returns (Daily) | -19.30% |
| Valuation | |
| PE Ratio | 30.50 |
| PE Ratio (Forward) | Upgrade |
| PS Ratio | 11.15 |
| Price to Book Value | 0.9437 |
| EV to EBITDA | Upgrade |
| Dividend | |
|---|---|
| Dividend | 0.1945 |
| Dividend Yield (Forward) | Upgrade |
| Financials | |
| Revenue (5 Year Growth) | Upgrade |
| Revenue (Quarterly YoY Growth) | Upgrade |
| EPS Diluted (5 Year Growth) | Upgrade |
| EPS Diluted (Quarterly YoY Growth) | Upgrade |
| Debt to Equity Ratio | 0.5543 |
| Return on Equity | Upgrade |
| Return on Assets | Upgrade |
| Risk | |
| Beta (5Y) | Upgrade |
| Max Drawdown (5Y) | 49.39% |
News
Headline
Wire
Time (ET)
Events
| DATE | TIME | TYPE | PERIOD | REPORTED EPS |
ESTIMATED EPS |
SURPRISE | |
| 05/12/2023* | 11:00 EST | Earnings Call | Q1 2023 | -- | -- | -- | |
| 05/11/2023* | -- | Results | Q1 2023 | -- | -- | -- | |
| 03/09/2023 | 11:00 EST | Earnings Call | Q4 2022 | -- | -- | -- | |
| 03/08/2023 | -- | Results | Q4 2022 | -- | -- | -- | |
| 11/10/2022 | 11:00 EST | Earnings Call | Q3 2022 | -- | -- | -- | |
| 11/09/2022 | -- | Results | Q3 2022 | -- | -- | -- | |
| 08/11/2022 | 11:00 EST | Earnings Call | Q2 2022 | -- | -- | -- | |
| 08/10/2022 | -- | Results | Q2 2022 | -- | -- | -- |
*Estimated Date/Time
Earnings
Profile
Edit
| Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income. |
| URL | https://www.granitereit.com |
| Investor Relations URL | https://granitereit.com/investors/ |
| HQ State/Province | Ontario |
| Sector | Real Estate |
| Industry | REIT - Industrial |
| Equity Style | Mid Cap/Value |
| Next Earnings Release | May. 11, 2023 (est.) |
| Last Earnings Release | Mar. 08, 2023 |
| Next Ex-Dividend Date | Mar. 30, 2023 |
| Last Ex-Dividend Date | Feb. 27, 2023 |
Analyst Coverage
|
Consensus Rating
|
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|
Analyst Recommendation
|
|
Source: S&P Global
Dividends
| Dividend Per Share (TTM) | 2.388 |
|
2017
2018
2019
2020
2021
6.00%
4.00%
2.00%
|
|
| Yield to Market | 2.618 |
| Yield to Sector | 0.9451 |
| Yield to Industry | 1.258 |
| Last Dividend Amt. | 0.1945 |
| Dividend Frequency | Monthly |
| Last Ex-Dividend Date | Feb. 27, 2023 |
| Yield (TTM) | 3.63% |
| Forward Yield | 3.89% |
| Payout Ratio | 117.3% |
| Cash Payout Ratio | 73.11% |
| Consistent Payer (5Y) |
|
| Consistent Growth (5Y) | No |
Risk
Total Returns Comparison
Annual Total Returns Versus Peers
As of March 27, 2023.
Fundamentals
| Revenue (TTM) | 349.54M |
| Total Expenses (TTM) | 81.44M |
| Net Income (TTM) | 132.54M |
| Total Assets (Quarterly) | 6.838B |
| Total Liabilities (Quarterly) | 2.800B |
| Shareholders Equity (Quarterly) | 4.034B |
| Cash from Operations (TTM) | 213.29M |
| Cash from Investing (TTM) | -589.19M |
| Cash from Financing (TTM) | 164.92M |
Ratings
Profile
Edit
| Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income. |
| URL | https://www.granitereit.com |
| Investor Relations URL | https://granitereit.com/investors/ |
| HQ State/Province | Ontario |
| Sector | Real Estate |
| Industry | REIT - Industrial |
| Equity Style | Mid Cap/Value |
| Next Earnings Release | May. 11, 2023 (est.) |
| Last Earnings Release | Mar. 08, 2023 |
| Next Ex-Dividend Date | Mar. 30, 2023 |
| Last Ex-Dividend Date | Feb. 27, 2023 |
Ownership
| Insider Ownership Percentage | Upgrade |
Jul '20
Nov '20
Mar '21
80.00%
40.00%
10.00%
Analyst Coverage
|
Consensus Rating
|
|
|
Analyst Recommendation
|
|
Source: S&P Global
Other Resources
| Whale Wisdom | 13F Filings |
| Seeking Alpha | Call Transcripts |
| Nasdaq | Insider Trading |
| Nasdaq | Institutional Ownership |
| Nasdaq | Option Chain |
| SEC | SEC Filings |
| GRP.U Tweets |