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Granite REIT

TOR:GRT.UN · CA3874372053
Real Estate Management & DevelopmentMedium

360

75
Profit price56
Owner Earnings Yield62
Dividend Yield65
Price/Sales13
EV / Gross Profit39
Price/Book72
Return on Capital63
Cash Return on Capital51
Return on Equity51
EBIT Margin80
Gross Profitability39
Cash Conversion42
Accruals54
Owner Earnings Margin62
Sales growth67
Profit Growth64
Long-Term EPS Growth92
Owner Earnings Growth83
Reinvestment74
Price momentum75
Debt load67
Refinancing21
Debt Payback61
Liquidity84
Analyst ratings92
Opinion Changes50
Price Target Upside48
Market mood71
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Granite REIT clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryCanada
IndustryReal Estate Management & Development
SizeMedium
TypePublic Company
ExchangeTSX
Founded2003
Websitegranitereit.com
ISINCA3874372053
Last UpdateApr 2, 2026
Indices
TSX Composite (Canada)
Themes
Real Estate Technology

Description

Granite Real Estate Investment Trust owns and manages industrial, warehouse and logistics properties in North America and Europe. As of December 31, 2016, the company’s real estate portfolio included 92 income-producing properties representing appro…

Analysis

Middle-of-the-road

Granite Real Estate Investment Trust sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 14.4×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 2% a year, against analyst forecasts of 8%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
89
2023202420252026

All-time high

97

Jan 2023

All-time low

82

Jan 2024

Average rank

92

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
13
46
37
26
Price/Earnings
57
66
56
55
Price/Book
72
76
83
60
Dividend Yield
65
56
54
51
Value (overall)
53
61
57
56

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
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