NYSE
GRP-UN

Granite Real Estate Investment Trust

REIT-Industrial
Real Estate

Prices are adjusted according to historical splits.

Granite Real Estate Investment Trust Stock Price

Vitals

Today's Low:
$55.3
Today's High:
$55.51
Open Price:
$55.51
52W Low:
$45.8287
52W High:
$66.543
Prev. Close:
$55.09
Volume:
428

Company Statistics

Market Cap.:
$3.53 billion
Book Value:
84.173
Revenue TTM:
$497.16 million
Operating Margin TTM:
74.89%
Gross Profit TTM:
$380.36 million
Profit Margin:
-29.65%
Return on Assets TTM:
2.55%
Return on Equity TTM:
-2.68%

Company Profile

Granite Real Estate Investment Trust had its IPO on under the ticker symbol GRP-UN.

The company operates in the Real Estate sector and REIT-Industrial industry. Granite Real Estate Investment Trust has a staff strength of 69 employees.

Stock update

Shares of Granite Real Estate Investment Trust opened at $55.51 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $55.3 - $55.51, and closed at $55.39.

This is a +0.54% increase from the previous day's closing price.

A total volume of 428 shares were traded at the close of the day’s session.

In the last one week, shares of Granite Real Estate Investment Trust have slipped by -0.87%.

Granite Real Estate Investment Trust's Key Ratios

Granite Real Estate Investment Trust has a market cap of $3.53 billion, indicating a price to book ratio of 0.8475 and a price to sales ratio of 7.9813.

In the last 12-months Granite Real Estate Investment Trust’s revenue was $497.16 million with a gross profit of $380.36 million and an EBITDA of $373.79 million. The EBITDA ratio measures Granite Real Estate Investment Trust's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Granite Real Estate Investment Trust’s operating margin was 74.89% while its return on assets stood at 2.55% with a return of equity of -2.68%.

In Q2, Granite Real Estate Investment Trust’s quarterly earnings growth was a negative -98% while revenue growth was a positive 18.7%.

Granite Real Estate Investment Trust’s PE and PEG Ratio

Forward PE
16.1812
Trailing PE
0
PEG
0

Its diluted EPS in the last 12-months stands at $-1.56 per share while it has a forward price to earnings multiple of 16.1812 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Granite Real Estate Investment Trust’s profitability.

Granite Real Estate Investment Trust stock is trading at a EV to sales ratio of 12.8525 and a EV to EBITDA ratio of 8.0239. Its price to sales ratio in the trailing 12-months stood at 7.9813.

Granite Real Estate Investment Trust stock pays annual dividends of $3.16 per share, indicating a yield of 4.3% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$9.15 billion
Total Liabilities
$539.70 million
Operating Cash Flow
$0
Capital Expenditure
$70000
Dividend Payout Ratio
0%

Granite Real Estate Investment Trust ended 2024 with $9.15 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $9.15 billion while shareholder equity stood at $5.37 billion.

Granite Real Estate Investment Trust ended 2024 with $0 in deferred long-term liabilities, $539.70 million in other current liabilities, 3350817000.00 in common stock, $1.67 billion in retained earnings and $0 in goodwill. Its cash balance stood at $119.16 million and cash and short-term investments were $119.16 million. The company’s total short-term debt was $400,623,000 while long-term debt stood at $2.66 billion.

Granite Real Estate Investment Trust’s total current assets stands at $161.74 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $9.66 million compared to accounts payable of $2.00 million and inventory worth $20.50 million.

In 2024, Granite Real Estate Investment Trust's operating cash flow was $0 while its capital expenditure stood at $70000.

Comparatively, Granite Real Estate Investment Trust paid $0 in dividends in 2024.

Other key metrics

Current Trading Price
$55.39
52-Week High
$66.543
52-Week Low
$45.8287
Analyst Target Price
$70.07

Granite Real Estate Investment Trust stock is currently trading at $55.39 per share. It touched a 52-week high of $66.543 and a 52-week low of $66.543. Analysts tracking the stock have a 12-month average target price of $70.07.

Its 50-day moving average was $57.06 and 200-day moving average was $58.56 The short ratio stood at 51.27 indicating a short percent outstanding of 0%.

Around 33.6% of the company’s stock are held by insiders while 7328.4% are held by institutions.

Frequently Asked Questions About Granite Real Estate Investment Trust

The stock symbol (also called stock or share ticker) of Granite Real Estate Investment Trust is GRP-UN

The IPO of Granite Real Estate Investment Trust took place on

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About

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 140 investment properties representing approximately 59.4 million square feet of leasable area.

Address

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