NYSE · REIT - Industrial

Granite Real Estate Investment Trust (GRP-UN) Stock

$59.19 -0.75% NYSE: GRP-UN Real Estate

Granite Real Estate Investment Trust, a Canadian entity, manages a portfolio of 108 investment properties spanning approximately 45.3 million square feet of leasable industrial real estate. The company's operations encompass the acquisition, development, ownership, and oversight of logistics and warehouse facilities across both North America and Europe.

Valuation

Metric	Value
Price	$59.19
Market Cap	$3.59B
P/E Ratio	14.99
P/B Ratio	1.04
P/S Ratio	9.26
EPS (TTM)	$3.95
52-Week High	$60.16
52-Week Low	$38.37
Dividend Yield	4.22%

Financials & Margins

Metric	Value
ROE	7.08%
ROA	4.03%
ROCE	5.01%
Gross Margin	82.16%
Operating Margin	74.50%
Net Margin	61.88%
Debt/Equity	0.55
Current Ratio	0.59

Annual Financials (USD)

Metric	2020	2021	2022	2023	2024
Revenue	$340.0M	$393.0M	$456.0M	$521.0M	$569.0M
Operating Profit	$0	$293.0M	$349.0M	$393.0M	$435.0M
Net Profit	$430.0M	$1.3B	$156.0M	$137.0M	$361.0M
EPS	$7.58	$20.47	$2.39	$2.14	$5.71
Op Margin	0.0%	74.5%	76.7%	75.3%	76.5%

Balance Sheet (USD)

Metric	2020	2021	2022	2023	2024
Total Assets	$6.7B	$8.6B	$9.3B	$9.1B	$9.6B
Total Liabilities	$2.8B	$3.2B	$3.8B	$3.8B	$3.9B
Cash	$831.0M	$403.0M	$135.0M	$116.0M	$126.0M
Borrowings	$2.3B	$2.5B	$3.1B	$3.1B	$3.1B

Latest News

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Cash Flow (USD)

Metric	2020	2021	2022	2023	2024
Operating Cash Flow	$244.0M	$262.0M	$277.0M	$313.0M	$339.0M
Investing Cash Flow	$-1.1B	$-1.0B	$-767.0M	$-128.0M	$-66.0M
Financing Cash Flow	$-25.0M	$-22.0M	$-162.0M	$-46.0M	$-31.0M
Net Cash Flow	$533.0M	$-429.0M	$-267.0M	$-19.0M	$10.0M
Free Cash Flow	$179.0M	$262.0M	$277.0M	$313.0M	$338.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.54
EV / EBITDA	17.22
FCF Yield	6.45%
Quick Ratio	0.59
Interest Coverage	5.04
Return 1Y	—
Return 3Y	—
Return 5Y	—

About Granite Real Estate Investment Trust

Granite Real Estate Investment Trust is headquartered in CA.

Granite Real Estate Investment Trust (GRP-UN) stock trades at $59.19 with a market capitalization of $3.59B. The stock is valued at a price-to-earnings (P/E) ratio of 14.99, price-to-book of 1.04, price-to-sales of 9.26. Over the past 52 weeks the stock has ranged between $38.37 and $60.16, and currently trades 1.6% below its 52-week high. It pays a dividend yielding 4.22%.

On profitability, Granite Real Estate Investment Trust generates a return on equity (ROE) of 7.08%, return on capital employed of 5.01%, an operating margin of 74.50%, a net profit margin of 61.88%.

Official website: www.granitereit.com

Granite Real Estate Investment Trust by the numbers, 2015–2024

Between 2015 and 2024 Granite Real Estate Investment Trust reported revenue of $216.0M rising to $569.0M, a change of +163.4% across 10 years. Compounded, revenue has grown 15.8% a year over five years, 13.1% over three, 9.2% over the last twelve months. Net profit rose to $361.0M.

Operating margin went from 74.6% in 2015 to 76.5% in 2024, a gain of 1.8 percentage points. The most recent net margin is 61.88%. On a trailing twelve-month basis to Sep '25, revenue is $605.0M and net profit $291.0M.

Borrowings rose from $564.0M to $3.1B, cash on hand is $127.9M, cash from operations was $339.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 9.5% over five years, and was 6.3% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Granite Real Estate Investment Trust (GRP-UN) — frequently asked questions

What is Granite Real Estate Investment Trust (GRP-UN) stock price today?

Granite Real Estate Investment Trust (GRP-UN) is currently trading at $59.19, down 0.75% today.

What is GRP-UN P/E ratio?

Granite Real Estate Investment Trust's P/E ratio is 14.99. This is below the typical market average of roughly 18-22x. A low P/E can reflect a lower valuation, slower expected growth, or both.

What is GRP-UN return on equity (ROE)?

Granite Real Estate Investment Trust's return on equity (ROE) is 7.08%. ROE measures net income relative to shareholders' equity. This is below the typical market range of roughly 12-15%.

What is Granite Real Estate Investment Trust's market cap?

Granite Real Estate Investment Trust has a market capitalization of $3.59B.

Does GRP-UN pay a dividend?

Yes. Granite Real Estate Investment Trust currently yields 4.22%. Yield moves with the share price, so it changes daily even when the payment does not.

How much debt does GRP-UN carry?

Granite Real Estate Investment Trust has a debt-to-equity ratio of 0.55. That compares total borrowings with shareholders' equity: a figure under 1 means equity exceeds debt.

What is GRP-UN's profit margin?

Granite Real Estate Investment Trust reports a net profit margin of 61.88% — the share of revenue left after every cost, including tax and interest.

What sector is GRP-UN in?

Granite Real Estate Investment Trust is classified under Real Estate, in the REIT - Industrial industry. Ratios are most informative compared with other companies in the same industry rather than across the whole market.

Which exchange is GRP-UN listed on?

Granite Real Estate Investment Trust trades on NYSE under the ticker GRP-UN.

What is GRP-UN's 52-week range?

Over the last year Granite Real Estate Investment Trust has traded between $38.37 and $60.16.

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Screens GRP-UN currently matches

On the figures above, Granite Real Estate Investment Trust passes the filters for 18 of our ready-made screens, among them High Dividend Stocks, Dividend Stocks, REIT Dividend Stocks. Appearing on a screen means the numbers meet its filters today and nothing more; the list is rebuilt whenever the data changes.

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