NYSE : GRP-UN

Granite Real Estate Investment Trust

$59.19 USD

-$0.45 (-0.75%)

Volume
1.51K
Average Volume
6.34K
Market Capitalization
$3.59B
P/E Ratio
24.74
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
Company Overview

NYSE

Kevan S. Gorrie

REIT - Industrial

Real Estate

GRP-UN

70

CA

USD

https://www.granitereit.com

647-925-7500

N/A

0001564538

Liquidity Metrics

0.61

1.82

1.82

0.45

0.76

Sales & Valuation

$569.14M

11.06

0.92

16.64

4.98

Profitability

$5.71

$360.61M

45.27%

45.05%

3.75%

2.15%

P/E Metrics

24.74

-6.72

-6.72

Analyst Price Target & Rating

N/A

0/5

2 Analysts

%

Financial Health Scores

0.96

7/9

$233.51M

$9.63B

$4.12B

$387.17M

Key Metrics (TTM)

$8.26B

18.07

29.94

1.82

3.75%

3.63%

4.07%

6.02%

$82.99

-591 days

Company Executives
Name Title
Jon Sorg Senior Vice President & Head of U.S.
Lawrence Clarfield Executive Vice President, General Counsel & Corporate Secretary
Lorne Kumer Executive Vice President & Head of Global Real Estate
Kevan S. Gorrie President, Chief Executive Officer & Trustee
Michael A. Ramparas Executive Vice President of Global Real Estate & Head of Investments
Witsard Schaper Senior Vice President & Head of Europe
Andrea Sanelli Manager of Legal & Investor Services
Keith Stephen Vice President of Sustainability & Environment
Kristy Boys Senior Vice President of Finance
Teresa Neto Chief Financial Officer
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About Granite Real Estate Investment Trust (NYSE:GRP-UN) Stock

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. ...

Granite REIT: Still Below NAV, Still Underappreciated

2026-06-28 05:00:57

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.

Granite REIT Declares Distribution for June 2026

2026-06-17 17:00:00

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.

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

2026-06-04 16:40:00

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.

Granite REIT Announces Renewal of Normal Course Issuer Bid

2026-05-22 07:00:00

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.

Granite REIT Declares Distribution for May 2026

2026-05-15 17:00:00

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.

Granite REIT Announces 2026 First Quarter Results

2026-05-06 17:00:00

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.

Frequently Asked Questions

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

Granite Real Estate Investment Trust(NYSE:GRP-UN) stock price is $59.19 in the last trading session. During the trading session, GRP-UN stock reached the peak price of $60.16 while $38.37 was the lowest point it dropped to. The percentage change in GRP-UN stock occurred in the recent session was --0.75% while the dollar amount for the price change in GRP-UN stock was -$0.45.

GRP-UN's industry and sector of operation?

The NYSE listed GRP-UN is part of REIT - Industrial industry that operates in the broader Real Estate sector.

Who are the executives of GRP-UN?

Jon Sorg | Senior Vice President & Head of U.S.
Lawrence Clarfield | Executive Vice President, General Counsel & Corporate Secretary
Lorne Kumer | Executive Vice President & Head of Global Real Estate
Kevan S. Gorrie | President, Chief Executive Officer & Trustee
Michael A. Ramparas | Executive Vice President of Global Real Estate & Head of Investments

How many employees does GRP-UN have?

Number of GRP-UN employees currently stands at 70. GRP-UN operates from Toronto-Dominion Centre, Toronto, ON M5K 1H1, CA.

Link for GRP-UN official website?

Official Website of GRP-UN is: https://www.granitereit.com

How do I contact GRP-UN?

GRP-UN could be contacted at phone #647-925-7500 and can also be accessed through its website. GRP-UN operates from Toronto-Dominion Centre, Toronto, ON M5K 1H1, CA.

How many shares of GRP-UN are traded daily?

The average number of GRP-UN shares traded daily for last 3 months was 6.34K.

What is the market cap of GRP-UN currently?

The market value of GRP-UN currently stands at $3.59B with its latest stock price at $59.19