Granite Real Estate (TSE:GRT.UN) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Granite Real Estate Investment Trust reported a robust first quarter in 2024, with net operating income rising to $114.5 million, a $7.1 million increase from the previous year, driven by developments, rent adjustments, and leasing activities. Funds from operations also grew to $82.4 million, while adjusted funds from operations reached $77.9 million, marking consistent financial growth. The company maintained a strong occupancy rate at 95.0% and recognized $12.7 million in net fair value gains on investment properties.
For further insights into TSE:GRT.UN stock, check out TipRanks’ Stock Analysis page.
