Raymond James Has Optimistic Outlook of GRP.U Q4 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Equities researchers at Raymond James raised their Q4 2025 EPS estimates for Granite Real Estate Inc. Staple in a research note issued to investors on Friday, November 8th. Raymond James analyst B. Sturges now expects that the company will earn $1.10 per share for the quarter, up from their previous estimate of $1.08. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.88 per share. Raymond James also issued estimates for Granite Real Estate Inc. Staple's Q1 2026 earnings at $1.13 EPS.

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Sunday.

Granite Real Estate Inc. Staple Price Performance

Shares of GRP.U traded up $0.13 during mid-day trading on Monday, hitting $54.74. 3,978 shares of the company were exchanged, compared to its average volume of 14,253. Granite Real Estate Inc. Staple has a 1-year low of $46.28 and a 1-year high of $65.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.37 and a current ratio of 1.34. The company has a 50 day moving average of $57.21 and a 200-day moving average of $53.55. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 15.25 and a beta of 1.21.

Granite Real Estate Inc. Staple Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.1994 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.39 annualized dividend and a yield of 4.37%. Granite Real Estate Inc. Staple's dividend payout ratio is currently 68.16%.

About Granite Real Estate Inc. Staple

Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing.