GRP.U FY2025 EPS Forecast Reduced by National Bank Financial

Granite Real Estate Inc. Staple (NYSE:GRP.U - Free Report) - Investment analysts at National Bank Financial decreased their FY2025 earnings estimates for Granite Real Estate Inc. Staple in a research note issued to investors on Thursday, January 23rd. National Bank Financial analyst M. Kornack now expects that the company will post earnings per share of $4.11 for the year, down from their prior estimate of $4.17. The consensus estimate for Granite Real Estate Inc. Staple's current full-year earnings is $3.81 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple's FY2026 earnings at $4.45 EPS.

Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research note on Thursday, January 16th.

Granite Real Estate Inc. Staple Stock Down 0.8 %

NYSE GRP.U traded down $0.40 during trading on Monday, reaching $48.60. 1,333 shares of the company's stock were exchanged, compared to its average volume of 11,677. The firm has a market capitalization of $3.05 billion and a PE ratio of 13.58. Granite Real Estate Inc. Staple has a fifty-two week low of $46.75 and a fifty-two week high of $65.63. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company's fifty day simple moving average is $50.26 and its 200-day simple moving average is $53.76.

Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.31. The firm had revenue of $104.02 million for the quarter. Granite Real Estate Inc. Staple had a net margin of 55.97% and a return on equity of 5.71%. During the same quarter in the previous year, the firm posted $0.92 earnings per share.

Granite Real Estate Inc. Staple Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.1967 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Friday, January 31st. Granite Real Estate Inc. Staple's payout ratio is presently 49.44%.

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.