Granite Real Estate Investment Trust Stapled Units Cons of 1 Shs of Granite GRP.U
About Quantitative Ratings
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News
-
Granite REIT Declares Distribution for April 2024
-
Granite Real Estate Investment Trust and Granite REIT Inc. Announce Proposal to Unwind Stapled Unit Structure
-
Granite REIT Notice of Conference Call for First Quarter 2024 Results
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Granite REIT Declares Distribution for March 2024
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Granite Announces Fourth Quarter and Year End Results for 2023 and the Appointment of a New Trustee
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Granite REIT Declares Distribution for February 2024
Trading Information
- Previous Close Price
- $50.62
- Day Range
- $51.21–51.21
- 52-Week Range
- $45.36–62.85
- Bid/Ask
- $20.49 / $81.42
- Market Cap
- $3.24 Bil
- Volume/Avg
- 476 / 11,960
Key Statistics
- Price/Earnings (Normalized)
- 13.85
- Price/Sales
- 8.48
- Dividend Yield (Trailing)
- 4.82%
- Dividend Yield (Forward)
- 4.66%
- Total Yield
- 5.44%
Company Profile
Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and 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 tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Stock Style Box
- Mid Core
- Total Number of Employees
- 69
- Website
- https://www.granitereit.com
Comparables
Valuation
|
Metric
|
GRP.U
|
MRG.UN
|
DIR.UN
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.85 | 10.89 | 14.22 |
Price/Book Value | 0.82 | 0.32 | 0.79 |
Price/Sales | 8.48 | 1.83 | 8.02 |
Price/Cash Flow | 13.94 | 6.96 | 15.56 |
Price/Earnings
GRP.U
MRG.UN
DIR.UN
Financial Strength
|
Metric
|
GRP.U
|
MRG.UN
|
DIR.UN
|
|---|---|---|---|
Quick Ratio | 0.34 | 0.12 | 0.19 |
Current Ratio | 0.39 | 0.19 | 0.21 |
Interest Coverage | 2.66 | 4.19 | 2.59 |
Quick Ratio
GRP.U
MRG.UN
DIR.UN
Profitability
|
Metric
|
GRP.U
|
MRG.UN
|
DIR.UN
|
|---|---|---|---|
Return on Assets (Normalized) | 1.73% | 3.91% | 2.03% |
Return on Equity (Normalized) | 2.94% | 8.82% | 3.47% |
Return on Invested Capital (Normalized) | 2.44% | 6.27% | 2.76% |
Return on Assets
GRP.U
MRG.UN
DIR.UN
REIT - Industrial Industry Comparables
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Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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CUBE
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ACDSF
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COLD
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STAG
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