Granite Real Estate Investment Trust (GRT.UN) Stock Price, News & Analysis

Company Overview

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily 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 largest tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.

Key Stats

• Today's Range: C$69.72 to C$71.20
• 50-Day Range: C$62.08 to C$71.57
• 52-Week Range: C$55.25 to C$82.88
• Volume: 24,621 shs
• Average Volume: 113,835 shs
• Market Capitalization: C$4.45 billion
• P/E Ratio: 19.56
• Dividend Yield: 4.65%
• Price Target: C$84.42
• Consensus Rating: Buy

GRT.UN Stock Analysis - Frequently Asked Questions

How have GRT.UN shares performed this year?

Granite Real Estate Investment Trust's stock was trading at C$69.76 at the beginning of the year. Since then, GRT.UN shares have increased by 1.8% and is now trading at C$70.99.

How do I buy shares of Granite Real Estate Investment Trust?

Shares of GRT.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

Company Calendar

• Ex-Dividend for 4/15 Dividend: 3/31/2025
• Record date for 4/15 Dividend: 4/15/2025
• Dividend Payable: 4/15/2025
• Today: 7/04/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Industrial
• Sub-Industry: Real Estate
• Current Symbol: TSE:GRT.UN
• CIK: N/A
• Web: www.graniterealestate.com
• Phone: 647-925-7500
• Fax: N/A
• Employees: 54
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$84.42
• High Stock Price Target: C$93.50
• Low Stock Price Target: C$75.00
• Potential Upside/Downside: +18.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): C$3.63
• Trailing P/E Ratio: 19.56
• Forward P/E Ratio: 12.72
• P/E Growth: N/A
• Net Income: C$229.71 million
• Net Margins: 42.50%
• Pretax Margin: N/A
• Return on Equity: 4.28%
• Return on Assets: 2.82%

Debt

• Debt-to-Equity Ratio: 57.74
• Current Ratio: 0.35
• Quick Ratio: 1.61

Sales & Book Value

• Annual Sales: C$540.51 million
• Price / Sales: 8.24
• Cash Flow: C$3.99 per share
• Price / Cash Flow: 17.78
• Book Value: C$86.53 per share
• Price / Book: 0.82

Miscellaneous

• Outstanding Shares: 62,740,000
• Free Float: N/A
• Market Cap: C$4.45 billion
• Optionable: Not Optionable
• Beta: 1.18