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Granite Real Estate (TSE:GRT.UN)
TSX:GRT.UN
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GRT.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$64.50 - C$82.88
Previous CloseC$75.63
Volume97.32K
Average Volume (3M)84.07K
Market Cap
C$4.68B
Enterprise ValueC$7.74B
Total Cash (Recent Filing)C$133.49M
Total Debt (Recent Filing)C$3.12B
Price to Earnings (P/E)15.5
Beta0.99
Next Earnings
Mar 05, 2025EPS EstimateN/A
Last Dividend Ex-Date
Nov 27, 2024Dividend Yield4.44%
Share Statistics
EPS (TTM)4.89
Shares Outstanding63,004,314
10 Day Avg. Volume77,022
30 Day Avg. Volume84,073
Standard Deviation0.07
R-Squared0.58
Alpha-0.00056
Financial Highlights & Ratios
Price to Book (P/B)0.86
Price to Sales (P/S)8.49
Price to Cash Flow (P/CF)11.00
P/FCF Ratio10.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$89.25Price Target Upside19.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Bulls Say, Bears Say
Bulls Say
Distribution And YieldGranite's distribution increase represents the 14th consecutive year of raising distributions, equating to a yield of 4.6%.
Financial PerformanceGranite reported solid results with robust organic growth of 8% and FFO per unit growth of 9%.
ValuationGranite trades at an implied cap rate of 6.3% or a 17.8% discount to the NAV estimate, presenting excellent value.
Bears Say
Interest Rates And Economic ConcernsThe unit price has lagged performance due to the rise in interest rates and concerns over a slowing economy.
Internal Growth GuidanceInternal growth guidance for 2024 was adjusted to a range of 6.0-6.5% from 7-8% previously due to an unexpected vacancy from a tenant insolvency in Ohio.
Leasing Assumptions And VacanciesInternal growth guidance for 2024 was adjusted to a range of 6.0-6.5% from 7-8% previously due to an unexpected vacancy from a tenant insolvency in Ohio, and revised leasing assumptions for several vacant properties.
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Options Prices
Currently, No data available
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Ownership Overview
0.36% Insiders
3.04% Mutual Funds
― Other Institutional Investors
85.16% Public Companies and
Individual Investors
GRT.UN FAQ
What was Granite Real Estate’s price range in the past 12 months?
Granite Real Estate lowest stock price was C$64.50 and its highest was C$82.88 in the past 12 months.
What is Granite Real Estate’s market cap?
Currently, no data Available
When is Granite Real Estate’s upcoming earnings report date?
Granite Real Estate’s upcoming earnings report date is Mar 05, 2025 which is in 98 days.
How were Granite Real Estate’s earnings last quarter?
Granite Real Estate released its earnings results on Nov 06, 2024. The company reported C$1.771 earnings per share for the quarter, beating the consensus estimate of N/A by C$1.771.
Is Granite Real Estate overvalued?
According to Wall Street analysts Granite Real Estate’s price is currently Undervalued.
Does Granite Real Estate pay dividends?
Granite Real Estate pays a Monthly dividend of C$0.28 which represents an annual dividend yield of 4.44%. See more information on Granite Real Estate dividends here
What is Granite Real Estate’s EPS estimate?
Granite Real Estate’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Granite Real Estate have?
Granite Real Estate has 62,740,097 shares outstanding.
What happened to Granite Real Estate’s price movement after its last earnings report?
Granite Real Estate reported an EPS of C$1.771 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 2.154%.
Which hedge fund is a major shareholder of Granite Real Estate?
Currently, no hedge funds are holding shares in TSE:GRT.UN
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Granite Real Estate Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
C$89.25 (19.61% Upside)
C$89.25 (19.61% Upside)
Blogger Sentiment
Neutral
TSE:GRT.UN Sentiment 100%
Sector Average 64%
Sector Average 64%
Crowd Wisdom
Neutral
Last 7 Days ▼ 2.9%
Last 30 Days ▲ 2.7%
Last 30 Days ▲ 2.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
13.72%
12-Months-Change
Fundamentals
Return on Equity
5.69%
Trailing 12-Months
Asset Growth
1.10%
Trailing 12-Months
Company Description
Granite Real Estate
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.
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GRT.UN Stock 12 Month Forecast
Average Price Target
C$89.25
▲(19.61% Upside)
Technical Analysis
H&R Real Estate ate Staple
―
Canadian Apartment
―
Dream Industrl REIT
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SmartCentres Real Estate Investment Trust
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Best Analysts Covering GRT.UN
1 Year
1 Year Success Rate
7/7 ratings generated profit
1 Year Average Return
+9.91%
reiterated a buy rating 7 months ago
Copying Himanshu Gupta CFA's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +9.91% per trade.
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