- Understand $grp-un stock

$GRP-UN Market Cap: $5.097 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$435.3M

TTM

Gross Margin

83.67%

TTM

Net Earnings

$623.2M

TTM

Current Assets

$379.3M

Q3 2022

Current Liabilities

$180.9M

Q3 2022

Current Ratio

209.7%

Q3 2022

Total Assets

$9.561B

Q3 2022

Total Liabilities

$3.837B

Q3 2022

Book Value

$5.724B

Q3 2022

Cash

P/E

8.179

Nov 11, 2024 EST

Free Cash Flow

$266.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$393.5M	$340.2M	$273.7M	$247.5M	$244.7M	$223.4M	$216.3M	$207.4M	$189.9M	$181.1M	$180.9M	$179.1M	$243.8M	$822.3M	$841.9M	$827.1M	$830.2M	$1.048B	$1.108B	$983.1M	$853.5M	$655.7M
YoY Change	15.67%	24.3%	10.59%	1.14%	9.53%	3.28%	4.29%	9.22%	4.86%	0.11%	1.01%	-26.54%	-70.35%	-2.33%	1.79%	-0.37%	-20.75%	-5.43%	12.68%	15.18%	30.17%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$393.5M	$340.2M	$273.7M	$247.5M	$244.7M	$223.4M	$216.3M	$207.4M	$189.9M	$181.1M	$180.9M	$179.1M	$243.8M	$822.3M	$841.9M	$827.1M	$830.2M	$1.048B	$1.108B	$983.1M	$853.5M	$655.7M
Cost Of Revenue	$60.80M	$47.20M	$35.40M	$30.90M	$31.30M	$7.600M	$7.100M	$6.900M	$5.500M	$5.600M	$3.100M	$2.900M	$2.500M	$299.8M	$307.5M	$318.0M	$323.0M	$431.4M	$462.7M	$433.2M	$376.9M	$282.1M
Gross Profit	$332.7M	$293.0M	$238.3M	$216.5M	$213.3M	$215.8M	$209.2M	$200.5M	$184.4M	$175.5M	$177.8M	$176.2M	$241.3M	$522.5M	$534.4M	$509.1M	$507.2M	$616.2M	$645.1M	$549.9M	$476.6M	$373.6M
Gross Profit Margin	84.55%	86.13%	87.07%	87.47%	87.17%	96.6%	96.72%	96.67%	97.1%	96.91%	98.29%	98.38%	98.97%	63.54%	63.48%	61.55%	61.09%	58.82%	58.23%	55.94%	55.84%	56.98%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Selling, General & Admin	$39.10M	$32.20M	$31.40M	$29.40M	$26.10M	$28.00M	$28.30M	$28.10M	$27.10M	$31.00M	$46.70M	$44.70M	$55.20M	$91.30M	$102.1M	$98.80M	$101.1M	$124.8M	$110.8M	$79.00M	$60.20M	$44.30M
YoY Change	21.43%	2.55%	6.8%	12.64%	-6.79%	-1.06%	0.71%	3.69%	-12.58%	-33.62%	4.47%	-19.02%	-39.54%	-10.58%	3.34%	-2.27%	-18.99%	12.64%	40.25%	31.23%	35.89%
% of Gross Profit	11.75%	10.99%	13.18%	13.58%	12.24%	12.97%	13.53%	14.01%	14.7%	17.66%	26.27%	25.37%	22.88%	17.47%	19.11%	19.41%	19.93%	20.25%	17.18%	14.37%	12.63%	11.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.300M	$1.200M	$900.0K	$300.0K	$300.0K	$700.0K	$700.0K	$600.0K	$500.0K	$200.0K	$42.70M	$42.40M	$46.70M	$95.10M	$87.40M	$83.30M	$86.10M	$89.20M	$88.70M	$53.40M	$56.90M	$44.20M
YoY Change	8.33%	33.33%	200.0%	0.0%	-57.14%	0.0%	16.67%	20.0%	150.0%	-99.53%	0.71%	-9.21%	-50.89%	8.81%	4.92%	-3.25%	-3.48%	0.56%	66.1%	-6.15%	28.73%
% of Gross Profit	0.39%	0.41%	0.38%	0.14%	0.14%	0.32%	0.33%	0.3%	0.27%	0.11%	24.02%	24.06%	19.35%	18.2%	16.35%	16.36%	16.98%	14.48%	13.75%	9.71%	11.94%	11.83%
Operating Expenses	$39.70M	$33.30M	$32.30M	$29.70M	$32.40M	$28.70M	$29.00M	$28.70M	$27.70M	$31.20M	$89.40M	$87.10M	$102.0M	$473.5M	$478.8M	$460.3M	$482.0M	$618.5M	$575.3M	$453.6M	$382.7M	$313.9M
YoY Change	19.22%	3.1%	8.75%	-8.33%	12.89%	-1.03%	1.05%	3.61%	-11.22%	-65.1%	2.64%	-14.61%	-78.46%	-1.11%	4.02%	-4.5%	-22.07%	7.51%	26.83%	18.53%	21.92%
Operating Profit	$293.0M	$259.7M	$206.0M	$186.8M	$180.9M	$187.1M	$180.2M	$171.8M	$156.7M	$144.3M	$88.40M	$89.10M	$139.3M	$49.00M	$55.60M	$48.80M	$25.20M	-$2.300M	$69.80M	$96.30M	$93.90M	$59.70M
YoY Change	12.82%	26.07%	10.28%	3.26%	-3.31%	3.83%	4.89%	9.64%	8.59%	63.24%	-0.79%	-36.04%	184.29%	-11.87%	13.93%	93.65%	-1195.65%	-103.3%	-27.52%	2.56%	57.29%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Interest Expense	$1.262B	$239.3M	$221.6M	$336.9M	$190.9M	$153.2M	$51.50M	-$70.90M	-$37.40M	$17.30M	-$15.50M	-$18.80M	-$16.10M	-$48.10M	-$41.70M	-$47.00M	-$45.50M	-$30.00M	-$53.60M	-$52.80M	-$43.20M	-$41.50M
YoY Change	427.33%	7.99%	-34.22%	76.48%	24.61%	197.48%	-172.64%	89.57%	-316.18%	-211.61%	-17.55%	16.77%	-66.53%	15.35%	-11.28%	3.3%	51.67%	-44.03%	1.52%	22.22%	4.1%
% of Operating Profit	430.68%	92.14%	107.57%	180.35%	105.53%	81.88%	28.58%	-41.27%	-23.87%	11.99%	-17.53%	-21.1%	-11.56%	-98.16%	-75.0%	-96.31%	-180.56%		-76.79%	-54.83%	-46.01%	-69.51%
Other Income/Expense, Net		$0.00	-$2.700M	$2.300M	$0.00	-$11.90M	$0.00	-$28.60M	$0.00		$0.00	$20.40M	-$53.20M	$0.00	$0.00
YoY Change		-100.0%	-217.39%		-100.0%		-100.0%				-100.0%	-138.35%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Pretax Income	$1.551B	$499.0M	$424.9M	$518.0M	$371.2M	$328.3M	$231.7M	$72.20M	$110.3M	$161.6M	$53.60M	$102.8M	-$47.40M	-$128.0M	$10.30M	$136.8M	-$7.800M	-$53.00M	-$172.7M	$23.30M	$84.10M	$34.00M
YoY Change	210.78%	17.44%	-17.97%	39.55%	13.07%	41.69%	220.91%	-34.54%	-31.75%	201.49%	-47.86%	-316.88%	-62.97%	-1342.72%	-92.47%	-1853.85%	-85.28%	-69.31%	-841.2%	-72.29%	147.35%
Income Tax	$240.6M	$69.10M	$42.70M	$52.70M	$13.40M	$47.60M	$36.20M	$8.500M	-$33.10M	$11.70M	-$4.400M	$34.40M	$2.300M	-$20.20M	$14.50M	$26.90M	$22.20M	$16.60M	-$64.10M	$15.00M	$28.60M	$10.90M
% Of Pretax Income	15.51%	13.85%	10.05%	10.17%	3.61%	14.5%	15.62%	11.77%	-30.01%	7.24%	-8.21%	33.46%			140.78%	19.66%				64.38%	34.01%	32.06%
Net Earnings	$1.310B	$429.8M	$382.1M	$465.2M	$357.7M	$279.3M	$193.3M	$70.20M	$145.0M	$149.8M	$152.4M	-$52.90M	-$48.20M	-$13.10M	$34.40M	$67.90M	$7.900M	-$11.10M	-$45.30M	$16.60M	$51.40M	$25.40M
YoY Change	204.77%	12.48%	-17.86%	30.05%	28.07%	44.49%	175.36%	-51.59%	-3.2%	-1.71%	-388.09%	9.75%	267.94%	-138.08%	-49.34%	759.49%	-171.17%	-75.5%	-372.89%	-67.7%	102.36%
Net Earnings / Revenue	332.88%	126.34%	139.61%	187.96%	146.18%	125.02%	89.37%	33.85%	76.36%	82.72%	84.25%	-29.54%	-19.77%	-1.59%	4.09%	8.21%	0.95%	-1.06%	-4.09%	1.69%	6.02%	3.87%
Basic Earnings Per Share
Diluted Earnings Per Share	$20.47M	$7.224M	$7.798M	$10.14M	$7.594M	$5.930M	$4.113M	$1.516M	$3.139M	$3.249M	$3.299M	-$1.153M	-$1.050M	-$285.4K	$727.3K	$1.429M	$166.3K	-$234.2K	-$957.7K	$353.2K	$1.094M	$540.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Cash & Short-Term Investments	$402.5M	$831.3M	$298.7M	$658.2M	$69.00M	$246.2M	$119.2M	$116.2M	$95.50M	$51.10M	$56.90M	$66.50M	$142.2M	$176.1M	$145.1M	$279.2M	$183.0M	$347.7M	$168.4M	$149.2M	$70.30M
YoY Change	-51.58%	178.31%	-54.62%	853.91%	-71.97%	106.54%	2.58%	21.68%	86.89%	-10.19%	-14.44%	-53.23%	-19.25%	21.36%	-48.03%	52.57%	-47.37%	106.47%	12.87%	112.23%
Cash & Equivalents								$116.2M	$95.50M	$51.10M	$56.90M	$66.50M	$142.2M	$176.1M	$145.1M	$279.2M	$183.0M	$347.7M	$168.4M	$149.2M	$70.30M
Short-Term Investments	$600.0K	$50.30M	$50.20M	$123.3M	$13.40M	$136.8M	$54.70M
Other Short-Term Assets	$71.80M	$6.900M	$3.400M	$47.20M	$394.0M	$3.000M	$2.600M	$6.700M	$5.800M	$1.200M	$600.0K	$6.300M	$1.600M	$50.40M	$75.80M	$83.10M	$62.70M	$56.80M	$49.50M	$42.10M	$37.80M
YoY Change	940.58%	102.94%	-92.8%	-88.02%	13033.33%	15.38%	-61.19%	15.52%	383.33%	100.0%	-90.48%	293.75%	-96.83%	-33.51%	-8.78%	32.54%	10.39%	14.75%	17.58%	11.38%
Inventory													$0.00
Prepaid Expenses
Receivables	$10.80M	$6.700M	$7.800M	$4.300M	$2.300M	$1.100M	$3.800M	$2.200M	$2.500M	$3.700M	$6.600M	$8.500M	$1.900M	$41.30M	$39.80M	$46.40M	$53.70M	$70.80M	$66.40M	$700.3M	$519.1M
Other Receivables	$1.400M	$1.000M	$12.00M	$200.0K	$200.0K	$300.0K	$3.200M	$1.000M	$900.0K	$5.200M	$6.300M	$1.400M	$1.800M	$2.300M	$1.600M	$2.200M	$4.400M	$4.900M	$2.400M	$3.600M	$0.00
Total Short-Term Assets	$486.5M	$845.8M	$321.8M	$710.0M	$465.5M	$250.7M	$128.8M	$126.1M	$104.7M	$61.20M	$70.50M	$82.80M	$147.4M	$270.0M	$262.4M	$410.9M	$303.8M	$480.2M	$286.7M	$895.2M	$627.2M
YoY Change	-42.48%	162.83%	-54.68%	52.52%	85.68%	94.64%	2.14%	20.44%	71.08%	-13.19%	-14.86%	-43.83%	-45.41%	2.9%	-36.14%	35.25%	-36.73%	67.49%	-67.97%	42.73%
Property, Plant & Equipment	$2.500M	$3.300M	$2.100M	$800.0K	$1.000M	$800.0K	$1.200M	$1.700M	$1.900M	$1.800M	$1.155B	$1.171B	$1.462B	$2.549B	$2.302B	$2.558B	$2.621B	$2.738B	$2.720B	$2.170B	$1.693B
YoY Change	-24.24%	57.14%	162.5%	-20.0%	25.0%	-33.33%	-29.41%	-10.53%	5.56%	-99.84%	-1.34%	-19.94%	-42.64%	10.71%	-10.0%	-2.39%	-4.27%	0.63%	25.39%	28.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$7.971B	$5.856B	$4.458B	$3.425B	$2.734B	$2.653B	$2.592B	$2.310B	$2.352B	$1.944B			$0.00	$34.90M
YoY Change	36.13%	31.35%	30.16%	25.29%	3.03%	2.34%	12.21%	-1.76%	21.0%				-100.0%
Other Assets	$95.70M	$42.40M	$22.10M	$53.00M	$6.400M	$6.600M	$8.800M	$9.000M	$9.600M	$200.0K	$17.20M	$675.6M	-$69.20M	-$175.1M	$223.0M	$188.3M	$285.4M	$309.9M	$99.80M	$579.7M	$314.5M
YoY Change	125.71%	91.86%	-58.3%	728.13%	-3.03%	-25.0%	-2.22%	-6.25%	4700.0%	-98.84%	-97.45%	-1076.3%	-60.48%	-178.52%	18.43%	-34.02%	-7.91%	210.52%	-82.78%	84.32%
Total Long-Term Assets	$8.080B	$5.902B	$4.482B	$3.479B	$2.741B	$2.661B	$2.603B	$2.322B	$2.364B	$1.946B	$1.175B	$1.855B	$1.870B	$2.825B	$2.635B	$2.874B	$3.034B	$3.180B	$3.126B	$2.749B	$2.008B
YoY Change	36.91%	31.67%	28.84%	26.92%	3.01%	2.22%	12.12%	-1.79%	21.48%	65.62%	-36.65%	-0.83%	-33.8%	7.21%	-8.33%	-5.26%	-4.58%	1.7%	13.72%	36.93%
Total Assets	$8.567B	$6.748B	$4.804B	$4.189B	$3.206B	$2.912B	$2.732B	$2.448B	$2.469B	$2.007B	$1.245B	$1.937B	$2.018B	$3.095B	$2.897B	$3.285B	$3.338B	$3.660B	$3.413B	$3.644B	$2.635B
YoY Change
Accounts Payable	$5.400M	$9.900M	$6.800M	$5.400M	$5.700M	$5.700M	$4.600M	$4.600M	$5.800M	$5.600M	$4.500M	$6.800M									$121.0M
YoY Change	-45.45%	45.59%	25.93%	-5.26%	0.0%	23.91%	0.0%	-20.69%	3.57%	24.44%	-33.82%
Accrued Expenses	$99.50M	$51.30M	$43.30M	$36.60M	$37.70M	$25.80M	$34.40M	$32.00M	$27.40M	$20.40M	$9.900M	$17.20M									$49.90M
YoY Change	93.96%	18.48%	18.31%	-2.92%	46.12%	-25.0%	7.5%	16.79%	34.31%	106.06%	-42.44%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$32.60M	$0.00	$19.40M	$62.60M	$53.20M	$0.00	$0.00	$13.00M	$0.00	$48.00M	$39.10M	$7.600M	$35.20M	$0.00	$0.00	$0.00	$0.00
YoY Change				-100.0%		-100.0%	-69.01%	17.67%			-100.0%		-100.0%	22.76%	414.47%	-78.41%
Long-Term Debt Due	$500.0K	$250.7M	$600.0K			$0.00	$20.90M	$800.0K				$2.200M	$200.0K	$191.3M	$11.10M	$100.3M	$38.00M	$16.50M	$76.00M
YoY Change	-99.8%	41683.33%				-100.0%	2512.5%					1000.0%	-99.9%	1623.42%	-88.93%	163.95%	130.3%	-78.29%
Total Short-Term Liabilities	$164.4M	$373.9M	$85.10M	$84.60M	$115.7M	$58.50M	$103.2M	$128.9M	$106.8M	$42.40M	$38.70M	$116.5M	$39.80M	$411.1M	$257.3M	$309.1M	$310.0M	$266.1M	$271.0M	$213.4M	$187.2M
YoY Change	-56.03%	339.37%	0.59%	-26.88%	97.78%	-43.31%	-19.94%	20.69%	151.89%	9.56%	-66.78%	192.71%	-90.32%	59.77%	-16.76%	-0.29%	16.5%	-1.81%	26.99%	14.0%
Long-Term Debt	$2.458B	$1.961B	$1.219B	$1.198B	$647.3M	$646.8M	$523.8M	$512.3M	$507.7M	$263.6M	$263.2M	$263.4M	$266.1M	$465.6M	$583.8M	$631.6M	$679.2M	$802.0M	$446.1M	$403.3M	$147.4M
YoY Change	25.31%	60.83%	1.75%	85.14%	0.08%	23.48%	2.24%	0.91%	92.6%	0.15%	-0.08%	-1.01%	-42.85%	-20.25%	-7.57%	-7.01%	-15.31%	79.78%	10.61%	173.61%
Other Long-Term Liabilities	$18.60M	$97.30M	$30.40M	$104.8M	$61.50M	$18.40M	$38.10M	$14.60M	$11.00M	$0.00	$4.000M	$33.00M	$0.00	$87.30M	$33.40M	$19.80M	$95.50M	$113.1M			$100.0K
YoY Change	-80.88%	220.07%	-70.99%	70.41%	234.24%	-51.71%	160.96%	32.73%		-100.0%	-87.88%		-100.0%	161.38%	68.69%	-79.27%	-15.56%
Total Long-Term Liabilities	$2.476B	$2.059B	$1.250B	$1.303B	$708.8M	$665.2M	$561.9M	$526.9M	$518.7M	$263.6M	$267.2M	$296.4M	$266.1M	$552.9M	$617.2M	$651.4M	$774.7M	$915.1M	$446.1M	$403.3M	$147.5M
YoY Change	20.29%	64.71%	-4.1%	83.86%	6.55%	18.38%	6.64%	1.58%	96.78%	-1.35%	-9.85%	11.39%	-51.87%	-10.42%	-5.25%	-15.92%	-15.34%	105.13%	10.61%	173.42%
Total Liabilities	$3.248B	$2.827B	$1.658B	$1.693B	$1.070B	$963.4M	$882.8M	$817.8M	$797.4M	$492.3M	$336.2M	$450.6M	$345.6M	$1.122B	$1.168B	$1.331B	$1.495B	$1.639B	$1.297B	$1.393B	$770.9M
YoY Change	14.88%	70.55%	-2.09%	58.27%	11.04%	9.13%	7.95%	2.56%	61.97%	46.43%	-25.39%	30.38%	-69.19%	-3.96%	-12.26%	-10.95%	-8.77%	26.36%	-6.88%	80.65%

Ownership

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Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.0969 Billion

About

Granite Real Estate Investment Trust engages in the development, management, rental, and ownership of industrial, warehouse, and logistic properties. The company is headquartered in Toronto, Ontario and currently employs 58 full-time employees. The company went IPO on 2003-08-20. The Trust is engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. The Trust owns approximately 134 investment properties in five countries having approximately 55.9 million square feet of gross leasable area. The Trust's investment properties consist of income-producing properties, properties under development and land held for development. The income producing properties consist primarily of logistics, e-commerce and distribution warehouse, light industrial and heavy industrial manufacturing properties. The Trust has acquired approximately 19 income-producing industrial properties in Canada, the United States, the Netherlands, and Germany, four properties under development in the United States, and a parcel of development land in Canada.

Industry: Real Estate Investment Trusts Peers: