NYSE : GRP-UN

Granite Real Estate Investment Trust — News

$59.19 USD

-$0.45 (-0.75%)

Volume
1.51K
Average Volume
6.34K
Market Capitalization
$3.59B
P/E Ratio
24.72
Dividend Yield
4.26%
Price Target
Year High
$60.16
Year Low
$38.37
Day High
Day Low
Payout Ratio
$0.76
Current Ratio
$1.82
Source Headline
Granite REIT: Still Below NAV, Still Underappreciated

Granite REIT trades about 12% below estimated NAV, offering an attractive entry point for investors. FFO per unit has grown at an 8.2% CAGR, with management guiding for 6–8% growth from 2025 and a 3.8% yield. Granite's Magna exposure has declined to 27% of revenue, while rent renewals and occupancy remain strong, supporting ongoing earnings growth.

seekingalpha.com - 2026-06-28 05:00:57

Granite REIT Declares Distribution for June 2026

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN) announced today that its board of trustees has declared a distribution of CDN $0.2958 per unit for the month of June 2026. The distribution will be paid by Granite on July 15, 2026 to unitholders of record at the close of trading on June 30, 2026. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the brea.

businesswire.com - 2026-06-17 17:00:00

Granite REIT Announces Voting Results From Its 2026 Annual General Meeting of Unitholders

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite REIT” or “Granite”) (TSX: GRT.UN) announced today the results of the matters voted on at its annual general meeting of unitholders held virtually earlier today (the “Meeting”). Each of the individuals nominated for election as a trustee of Granite REIT, as set out in Granite's Management Information Circular dated April 9, 2026, were elected as set out below. A total of 46,872,896 units (77.29% of outstanding units) were r.

businesswire.com - 2026-06-04 16:40:00

Granite REIT Announces Renewal of Normal Course Issuer Bid

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (TSX: GRT.UN) (“Granite REIT” or “Granite”) today announced the acceptance by the Toronto Stock Exchange (the “TSX”) of Granite's Notice of Intention to Make a Normal Course Issuer Bid (“NCIB”). Pursuant to the NCIB, Granite proposes to purchase through the facilities of the TSX and any alternative trading system in Canada, from time to time over the next 12 months, if considered advisable, up to an aggregate of 6,038,313 of Granite.

businesswire.com - 2026-05-22 07:00:00

Granite REIT Declares Distribution for May 2026

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN) announced today that its board of trustees has declared a distribution of CDN $0.2958 per unit for the month of May 2026. The distribution will be paid by Granite on June 15, 2026 to unitholders of record at the close of trading on May 29, 2026. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakd.

businesswire.com - 2026-05-15 17:00:00

Granite REIT Announces 2026 First Quarter Results

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (TSX: GRT.UN) ("Granite" or the "Trust") announced today its condensed consolidated results for the three month period ended March 31, 2026. FIRST QUARTER 2026 HIGHLIGHTS Highlights for the three month period ended March 31, 2026 are set out below: Financial: Granite's net operating income ("NOI") was $134.2 million in the first quarter of 2026 compared to $125.7 million in the prior year period, an increase of $8.5 million primaril.

businesswire.com - 2026-05-06 17:00:00

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GRP-UN Recent Analyst Grades

Date Analyst Firm Action Previous Grade New Grade
2025-11-11 RBC Capital Maintain Outperform Outperform
2025-05-20 RBC Capital Maintain Outperform Outperform
2025-03-03 RBC Capital Maintain Outperform Outperform