Granite Real Estate Investment Trust (TSX:GRT.UN)
Canada
· Delayed Price · Currency is CAD 86.07
-0.27 (-0.31%)
At close: Mar 9, 2026
TSX:GRT.UN Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Rental Revenue | 617.89 | 568.64 | 521.25 | 455.58 | 393.49 | Upgrade
|
| Total Revenue | 617.89 | 568.64 | 521.25 | 455.58 | 393.49 | Upgrade
|
| Revenue Growth (YoY | 8.66% | 9.09% | 14.41% | 15.78% | 15.66% | Upgrade
|
| Property Expenses | 109.24 | 97.15 | 86.01 | 75.22 | 60.81 | Upgrade
|
| Selling, General & Administrative | 45.85 | 35.44 | 41.29 | 29.47 | 37.77 | Upgrade
|
| Depreciation & Amortization | 1.19 | 1.29 | 1.27 | 1.6 | 1.32 | Upgrade
|
| Other Operating Expenses | - | - | - | - | 0.63 | Upgrade
|
| Total Operating Expenses | 156.28 | 133.88 | 128.58 | 106.28 | 100.53 | Upgrade
|
| Operating Income | 461.61 | 434.76 | 392.67 | 349.3 | 292.96 | Upgrade
|
| Interest Expense | -96.83 | -82.75 | -99.09 | -37.16 | -41.85 | Upgrade
|
| Interest & Investment Income | 3.13 | 7.07 | 7.71 | 1.63 | 3.11 | Upgrade
|
| Currency Exchange Gain (Loss) | -0.84 | -14.41 | -1.03 | 1.22 | 5.11 | Upgrade
|
| Other Non-Operating Income | 1.04 | -1.98 | 3.08 | -2.43 | -2.63 | Upgrade
|
| EBT Excluding Unusual Items | 368.11 | 342.69 | 303.34 | 312.55 | 256.7 | Upgrade
|
| Gain (Loss) on Sale of Assets | -1.98 | - | -1.51 | -0.67 | -0.76 | Upgrade
|
| Asset Writedown | -5.64 | 53.04 | -172.68 | -219.73 | 1,299 | Upgrade
|
| Other Unusual Items | 0.81 | -2.98 | -0.15 | - | -3.96 | Upgrade
|
| Pretax Income | 361.3 | 392.76 | 129.01 | 92.16 | 1,551 | Upgrade
|
| Income Tax Expense | 18.5 | 30.87 | -9.49 | -63.67 | 240.57 | Upgrade
|
| Earnings From Continuing Operations | 342.81 | 361.88 | 138.5 | 155.82 | 1,310 | Upgrade
|
| Minority Interest in Earnings | -0.47 | -1.27 | -1.83 | -0.05 | -0.34 | Upgrade
|
| Net Income | 342.34 | 360.61 | 136.66 | 155.77 | 1,310 | Upgrade
|
| Net Income to Common | 342.34 | 360.61 | 136.66 | 155.77 | 1,310 | Upgrade
|
| Net Income Growth | -5.07% | 163.87% | -12.27% | -88.11% | 204.78% | Upgrade
|
| Basic Shares Outstanding | 61 | 63 | 63 | 64 | 66 | Upgrade
|
| Diluted Shares Outstanding | 61 | 63 | 63 | 64 | 66 | Upgrade
|
| Shares Change (YoY) | -3.39% | -1.00% | -0.55% | -3.02% | 6.49% | Upgrade
|
| EPS (Basic) | 5.65 | 5.75 | 2.16 | 2.45 | 19.94 | Upgrade
|
| EPS (Diluted) | 5.65 | 5.75 | 2.16 | 2.45 | 19.94 | Upgrade
|
| EPS Growth | -1.74% | 166.52% | -11.78% | -87.74% | 186.19% | Upgrade
|
| Dividend Per Share | 3.412 | 3.320 | 3.209 | 3.123 | 3.008 | Upgrade
|
| Dividend Growth | 2.77% | 3.47% | 2.74% | 3.82% | 3.01% | Upgrade
|
| Operating Margin | 74.71% | 76.46% | 75.33% | 76.67% | 74.45% | Upgrade
|
| Profit Margin | 55.41% | 63.42% | 26.22% | 34.19% | 332.90% | Upgrade
|
| EBITDA | 462.8 | 436.05 | 393.95 | 350.89 | 294.28 | Upgrade
|
| EBITDA Margin | 74.90% | 76.68% | 75.58% | 77.02% | 74.79% | Upgrade
|
| D&A For Ebitda | 1.19 | 1.29 | 1.27 | 1.6 | 1.32 | Upgrade
|
| EBIT | 461.61 | 434.76 | 392.67 | 349.3 | 292.96 | Upgrade
|
| EBIT Margin | 74.71% | 76.46% | 75.33% | 76.67% | 74.45% | Upgrade
|
| Funds From Operations (FFO) | 363 | 343.9 | 317.6 | 289.3 | 251.3 | Upgrade
|
| FFO Per Share | 5.91 | 5.44 | 4.97 | 4.43 | 3.93 | Upgrade
|
| Adjusted Funds From Operations (AFFO) | 319.8 | 307.1 | 287.4 | 264.2 | 235.2 | Upgrade
|
| AFFO Per Share | 5.21 | 4.86 | 4.50 | 4.05 | 3.68 | Upgrade
|
| FFO Payout Ratio | 57.34% | 60.44% | 64.20% | 69.92% | 76.04% | Upgrade
|
| Effective Tax Rate | 5.12% | 7.86% | - | - | 15.51% | Upgrade
|
| Revenue as Reported | 618.7 | 569.14 | 521.25 | - | - | Upgrade
|
Source: S&P Capital IQ. Real Estate template. Financial Sources.