Granite Real Estate (TSE:GRT.UN) has released an update.
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Granite Real Estate’s first quarter report for 2024 highlights its use of non-IFRS measures alongside standardized IFRS reporting to give investors a comprehensive view of its financial performance, including a notable increase in net income to $89.1 million from the previous year’s $9.8 million. The company emphasizes these supplemental measures, such as NOI – cash basis and FFO, to aid in evaluating its operational success and financial health. Granite’s revenue showed growth, climbing to $138.9 million, and its financial position remains solid with substantial cash generated from operating activities.
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