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Granite Real Estate (TSE:GRT.UN)
TSX:GRT.UN
GRT.UN Stock Chart & Stats
Day’s Range― - ―
52-Week RangeC$64.50 - C$82.88
Previous CloseN/A
Volume56.45K
Average Volume (3M)105.65K
Market Cap
C$4.41B
Enterprise ValueC$8.14B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)14.4
Beta0.93
Next Earnings
Feb 26, 2025EPS EstimateN/A
Last Dividend Ex-Date
Jan 31, 2025Dividend Yield4.72%
Share Statistics
EPS (TTM)4.89
Shares Outstanding62,740,097
10 Day Avg. Volume120,053
30 Day Avg. Volume105,650
Standard Deviation0.07
R-Squared0.57
Alpha-0.00180
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)8.04
Price to Cash Flow (P/CF)10.40
P/FCF Ratio10.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$91.00Price Target Upside32.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
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Bulls Say, Bears Say
Bulls Say
DividendGranite's 3% increase to the monthly distribution marks the 14th consecutive year of distribution growth, indicating a strong dividend track record.
EarningsGranite's FFO per unit has risen 40% from $3.81 in 2020 to $5.35 in 2024, showcasing strong earnings growth.
ValuationGranite trades at an implied cap rate of 6.4% or a 20.0% discount to the NAV estimate, presenting excellent value compared to its peers.
Bears Say
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.
Interest RatesThe unit price has lagged performance due to the rise in interest rates and concerns over a slowing economy.
Market ConditionsThough industrial fundamentals might be showing signs of softening, capturing the mark-to-market on lease expiries is required for solid cash flow growth.
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Options Prices
Currently, No data available
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Ownership Overview
0.36% Insiders
2.17% Mutual Funds
0.08% Other Institutional Investors
86.12% 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?
Granite Real Estate’s market cap is C$4.41B.
When is Granite Real Estate’s upcoming earnings report date?
Granite Real Estate’s upcoming earnings report date is Feb 26, 2025 which is in 14 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$0.283 which represents an annual dividend yield of 4.72%. 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 2.153%.
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
Neutral
1
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5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
C$91.00 (32.52% Upside)
C$91.00 (32.52% Upside)
Blogger Sentiment
Neutral
TSE:GRT.UN Sentiment 100%
Sector Average 67%
Sector Average 67%
Crowd Wisdom
Very Negative
Last 7 Days ▼ 3.1%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-1.87%
12-Months-Change
Fundamentals
Return on Equity
5.66%
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$91.00
▲(32.52% Upside)
Technical Analysis
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Best Analysts Covering GRT.UN
1 Year
1 Year Success Rate
0/0 ratings generated profit
1 Year Average Return
-
a rating ―
Copying Himanshu Gupta CFA's trades and holding each position for 1 Year would result in - of your transactions generating a profit, with an average return of - per trade.
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