Granite Real Estate Investment Trust (GRP-UN)

CA — Real Estate Sector
Peers: NSA-PA  PSA-PH  IIPR-PA  LXP  PLYM  REXR-PB  LXP-PC  AMH-PG 

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Key Metrics & Ratings

  • symbol GRP-UN
  • Rev/Share 9.7355
  • Book/Share 88.5366
  • PB 0.9068
  • Debt/Equity 0.5956
  • CurrentRatio 2.8079
  • ROIC 0.0444

 

  • MktCap 4858203903.498
  • FreeCF/Share 5.8937
  • PFCF 13.5132
  • PE 14.6318
  • Debt/Assets 0.3393
  • DivYield 0.0421
  • ROE 0.0601

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 4
  • P/B Score 4
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
No ratings available.

News

Granite REIT: Industrial Powerhouse Delivering Solid Results
GRP-UN
Published: August 11, 2025 by: Seeking Alpha
Sentiment: Positive

Granite REIT delivered a strong Q2 2025 with rising occupancy, robust leasing spreads, and solid same-property NOI growth, reinforcing its global industrial portfolio strength. It continued its buybacks below assessed NAV. Granite's balance sheet and interest coverage are healthy, but refinancing at higher rates will likely offset much of the NOI gains going forward.

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image for news Granite REIT: Industrial Powerhouse Delivering Solid Results
Granite REIT: Back To A Buy As Yield Hits 5%
GRP-UN
Published: March 07, 2025 by: Seeking Alpha
Sentiment: Neutral

After rating Granite Real Estate Investment Trust a buy in September 2023 and March 2024, we downgraded it to a "Hold" in September 2024. Declines in US occupancy and slight downtrends in Canadian and Dutch properties, along with a sub-6% NAV discount, led to our downgrade. We are back to a Buy rating and go over our rationale.

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image for news Granite REIT: Back To A Buy As Yield Hits 5%

About Granite Real Estate Investment Trust (GRP-UN)

  • IPO Date 2013-01-04
  • Website https://www.granitereit.com
  • Industry REIT - Industrial
  • CEO Kevan S. Gorrie P. Eng
  • Employees 70
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 108 investment properties representing approximately 45.3 million square feet of leasable area.