Equities Analysts Issue Forecasts for GRP.U FY2025 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U) – National Bank Financial decreased their FY2025 EPS estimates for shares of Granite Real Estate Inc. Staple in a report issued on Thursday, January 23rd. National Bank Financial analyst M. Kornack now expects that the company will post earnings of $4.11 per share for the year, down from their prior estimate of $4.17. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.81 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple’s FY2026 earnings at $4.45 EPS.

Granite Real Estate Inc. Staple (NYSE:GRP.U) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.31. Granite Real Estate Inc. Staple had a net margin of 55.97% and a return on equity of 5.71%. The company had revenue of $104.02 million during the quarter. During the same period last year, the business earned $0.92 earnings per share.

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 16th.

Granite Real Estate Inc. Staple Stock Performance

Granite Real Estate Inc. Staple stock opened at $48.99 on Monday. Granite Real Estate Inc. Staple has a twelve month low of $46.75 and a twelve month high of $65.63. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.07 billion and a P/E ratio of 13.68. The stock’s 50 day moving average is $50.26 and its 200 day moving average is $53.74.

Granite Real Estate Inc. Staple Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.1967 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Friday, January 31st. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 49.72%.

Granite Real Estate Inc. Staple Company Profile

Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing.