Granite Real Estate (TSE:GRT.UN) has released an update.
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Granite Real Estate reported robust financial performance for the third quarter of 2024, with revenue climbing to $141.9 million, a notable increase from $131.5 million in the same period last year. The company also saw a significant rise in net income attributable to unitholders, reaching $111.6 million compared to $33.1 million in 2023, reflecting a strong growth trajectory. Granite’s financial health is further underscored by improved net operating income and adjusted funds from operations, indicating a positive outlook for investors.
For further insights into TSE:GRT.UN stock, check out TipRanks’ Stock Analysis page.
