Granite Real Estate Investment Trust Stapled Units Cons of 1 Shs of Granite GRP.U
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
News
-
Granite Real Estate Investment Trust and Granite REIT Inc. Announce Effective Date of Proposed Unwind of Stapled Unit Structure
-
Granite REIT Declares Distribution for September 2024
-
Granite REIT Declares Distribution for August 2024
-
Granite Announces 2024 Second Quarter Results and the Issuance of its 2023 Global ESG+R Report
-
Granite REIT Declares Distribution for July 2024
Trading Information
- Previous Close Price
- $59.65
- Day Range
- $59.50–60.16
- 52-Week Range
- $45.36–61.20
- Bid/Ask
- $34.79 / $96.08
- Market Cap
- $3.77 Bil
- Volume/Avg
- 1,802 / 14,651
Key Statistics
- Price/Earnings (Normalized)
- 15.73
- Price/Sales
- 9.59
- Dividend Yield (Trailing)
- 4.01%
- Dividend Yield (Forward)
- 4.07%
- Total Yield
- 5.40%
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 Value
- Total Number of Employees
- 69
- Website
- https://www.granitereit.com
Comparables
Valuation
|
Metric
|
GRP.U
|
NXR.UN
|
MRG.UN
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.73 | 16.37 | 13.39 |
Price/Book Value | 0.95 | 0.59 | 0.37 |
Price/Sales | 9.59 | 3.67 | 2.17 |
Price/Cash Flow | 15.71 | 13.21 | 8.66 |
Price/Earnings
GRP.U
NXR.UN
MRG.UN
Financial Strength
|
Metric
|
GRP.U
|
NXR.UN
|
MRG.UN
|
|---|---|---|---|
Quick Ratio | 0.29 | 0.03 | 0.75 |
Current Ratio | 0.35 | 0.44 | 0.80 |
Interest Coverage | 3.84 | 4.30 | 3.10 |
Quick Ratio
GRP.U
NXR.UN
MRG.UN
Profitability
|
Metric
|
GRP.U
|
NXR.UN
|
MRG.UN
|
|---|---|---|---|
Return on Assets (Normalized) | 2.80% | 7.28% | 2.78% |
Return on Equity (Normalized) | 4.80% | 17.57% | 6.23% |
Return on Invested Capital (Normalized) | 3.87% | 10.13% | 4.76% |
Return on Assets
GRP.U
NXR.UN
MRG.UN
REIT - Industrial Industry Comparables
|
1-Day Chart
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United States