GRANITE REAL ESTATE INVESTME (GRP.U) Stock Fundamental Analysis
NYSE:GRP.U - New York Stock Exchange, Inc. - CA3874372053 - REIT - Currency: USD
We assign a fundamental rating of 6 out of 10 to GRP.U. GRP.U was compared to 130 industry peers in the Diversified REITs industry. GRP.U has an excellent profitability rating, but there are some minor concerns on its financial health. GRP.U has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
GRP.U had positive earnings in the past year.
In the past year GRP.U had a positive cash flow from operations.
In the past 5 years GRP.U has always been profitable.
Each year in the past 5 years GRP.U had a positive operating cash flow.
1.2 Ratios
GRP.U has a Return On Assets of 3.27%. This is amongst the best in the industry. GRP.U outperforms 81.54% of its industry peers.
Looking at the Return On Equity, with a value of 5.57%, GRP.U is in the better half of the industry, outperforming 72.31% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.73%, GRP.U is in the better half of the industry, outperforming 70.77% of the companies in the same industry.
GRP.U had an Average Return On Invested Capital over the past 3 years of 3.46%. This is in line with the industry average of 3.17%.
The 3 year average ROIC (3.46%) for GRP.U is below the current ROIC(3.73%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.27% | ||
| ROE | 5.57% | ||
| ROIC | 3.73% |
ROA(3y)2.31%
ROA(5y)5.72%
ROE(3y)3.91%
ROE(5y)9.46%
ROIC(3y)3.46%
ROIC(5y)3.27%
1.3 Margins
With an excellent Profit Margin value of 53.92%, GRP.U belongs to the best of the industry, outperforming 98.46% of the companies in the same industry.
In the last couple of years the Profit Margin of GRP.U has declined.
GRP.U has a better Operating Margin (76.49%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of GRP.U has remained more or less at the same level.
Looking at the Gross Margin, with a value of 82.61%, GRP.U belongs to the top of the industry, outperforming 83.08% of the companies in the same industry.
In the last couple of years the Gross Margin of GRP.U has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 76.49% | ||
| PM (TTM) | 53.92% | ||
| GM | 82.61% |
OM growth 3Y0.91%
OM growth 5Y0.32%
PM growth 3Y-42.48%
PM growth 5Y-14.61%
GM growth 3Y-0.64%
GM growth 5Y-0.97%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GRP.U is destroying value.
GRP.U has less shares outstanding than it did 1 year ago.
The number of shares outstanding for GRP.U has been increased compared to 5 years ago.
The debt/assets ratio for GRP.U has been reduced compared to a year ago.
2.2 Solvency
GRP.U has an Altman-Z score of 1.14. This is a bad value and indicates that GRP.U is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.14, GRP.U is doing good in the industry, outperforming 80.00% of the companies in the same industry.
GRP.U has a debt to FCF ratio of 8.60. This is a slightly negative value and a sign of low solvency as GRP.U would need 8.60 years to pay back of all of its debts.
GRP.U has a Debt to FCF ratio of 8.60. This is amongst the best in the industry. GRP.U outperforms 94.62% of its industry peers.
GRP.U has a Debt/Equity ratio of 0.55. This is a neutral value indicating GRP.U is somewhat dependend on debt financing.
GRP.U has a better Debt to Equity ratio (0.55) than 86.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 8.6 | ||
| Altman-Z | 1.14 |
ROIC/WACC0.67
WACC5.53%
2.3 Liquidity
GRP.U has a Current Ratio of 0.93. This is a bad value and indicates that GRP.U is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GRP.U (0.93) is comparable to the rest of the industry.
GRP.U has a Quick Ratio of 0.93. This is a bad value and indicates that GRP.U is not financially healthy enough and could expect problems in meeting its short term obligations.
GRP.U has a Quick ratio (0.93) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.27% over the past year.
GRP.U shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.06% yearly.
Looking at the last year, GRP.U shows a quite strong growth in Revenue. The Revenue has grown by 10.23% in the last year.
GRP.U shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.77% yearly.
EPS 1Y (TTM)10.27%
EPS 3Y-34.68%
EPS 5Y-6.06%
EPS Q2Q%2.94%
Revenue 1Y (TTM)10.23%
Revenue growth 3Y13.09%
Revenue growth 5Y15.77%
Sales Q2Q%5.43%
3.2 Future
The Earnings Per Share is expected to grow by 5.99% on average over the next years.
Based on estimates for the next years, GRP.U will show a small growth in Revenue. The Revenue will grow by 7.81% on average per year.
EPS Next Y5.04%
EPS Next 2Y5.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.79%
Revenue Next 2Y6.52%
Revenue Next 3Y7.81%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.21, the valuation of GRP.U can be described as correct.
Based on the Price/Earnings ratio, GRP.U is valued cheaper than 90.77% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.93. GRP.U is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 11.83 indicates a reasonable valuation of GRP.U.
GRP.U's Price/Forward Earnings ratio is rather cheap when compared to the industry. GRP.U is cheaper than 97.69% of the companies in the same industry.
GRP.U's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.21 | ||
| Fwd PE | 11.83 |
4.2 Price Multiples
67.69% of the companies in the same industry are cheaper than GRP.U, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GRP.U indicates a rather cheap valuation: GRP.U is cheaper than 89.23% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.33 | ||
| EV/EBITDA | 16.56 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of GRP.U may justify a higher PE ratio.
PEG (NY)2.62
PEG (5Y)N/A
EPS Next 2Y5.99%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.94%, GRP.U has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.46, GRP.U is paying slightly less dividend.
GRP.U's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
5.2 History
The dividend of GRP.U has a limited annual growth rate of 1.78%.
GRP.U has paid a dividend for at least 10 years, which is a reliable track record.
GRP.U has decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.78%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
66.16% of the earnings are spent on dividend by GRP.U. This is not a sustainable payout ratio.
The dividend of GRP.U is growing, but earnings are growing more, so the dividend growth is sustainable.
DP66.16%
EPS Next 2Y5.99%
EPS Next 3YN/A
NYSE:GRP.U (7/29/2025, 4:15:00 PM)
53.62
+0.33 (+0.62%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners75.13%
Inst Owner Change-0.11%
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap3.27B
Analysts83.08
Price Target60.97 (13.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
Yearly Dividend2.41
Dividend Growth(5Y)1.78%
DP66.16%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-1.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.21 | ||
| Fwd PE | 11.83 | ||
| P/S | 7.66 | ||
| P/FCF | 12.33 | ||
| P/OCF | 12.33 | ||
| P/B | 0.79 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 16.56 |
EPS(TTM)4.06
EY7.57%
EPS(NY)4.53
Fwd EY8.46%
FCF(TTM)4.35
FCFY8.11%
OCF(TTM)4.35
OCFY8.11%
SpS7
BVpS67.8
TBVpS67.8
PEG (NY)2.62
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.27% | ||
| ROE | 5.57% | ||
| ROCE | 4.72% | ||
| ROIC | 3.73% | ||
| ROICexc | 3.78% | ||
| ROICexgc | 3.78% | ||
| OM | 76.49% | ||
| PM (TTM) | 53.92% | ||
| GM | 82.61% | ||
| FCFM | 62.15% |
ROA(3y)2.31%
ROA(5y)5.72%
ROE(3y)3.91%
ROE(5y)9.46%
ROIC(3y)3.46%
ROIC(5y)3.27%
ROICexc(3y)3.51%
ROICexc(5y)3.43%
ROICexgc(3y)3.51%
ROICexgc(5y)3.43%
ROCE(3y)4.38%
ROCE(5y)4.14%
ROICexcg growth 3Y8.35%
ROICexcg growth 5Y-0.02%
ROICexc growth 3Y8.35%
ROICexc growth 5Y-0.02%
OM growth 3Y0.91%
OM growth 5Y0.32%
PM growth 3Y-42.48%
PM growth 5Y-14.61%
GM growth 3Y-0.64%
GM growth 5Y-0.97%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 8.6 | ||
| Debt/EBITDA | 6.97 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 5.99 | ||
| Cash Conversion | 81.03% | ||
| Profit Quality | 115.27% | ||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 1.14 |
F-Score6
WACC5.53%
ROIC/WACC0.67
Cap/Depr(3y)27.37%
Cap/Depr(5y)53.98%
Cap/Sales(3y)0.08%
Cap/Sales(5y)0.18%
Profit Quality(3y)166.81%
Profit Quality(5y)115.37%
High Growth Momentum
Growth
EPS 1Y (TTM)10.27%
EPS 3Y-34.68%
EPS 5Y-6.06%
EPS Q2Q%2.94%
EPS Next Y5.04%
EPS Next 2Y5.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.23%
Revenue growth 3Y13.09%
Revenue growth 5Y15.77%
Sales Q2Q%5.43%
Revenue Next Year7.79%
Revenue Next 2Y6.52%
Revenue Next 3Y7.81%
Revenue Next 5YN/A
EBIT growth 1Y10.48%
EBIT growth 3Y14.12%
EBIT growth 5Y16.14%
EBIT Next Year47.78%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.22%
FCF growth 3Y8.95%
FCF growth 5Y13.06%
OCF growth 1Y24.94%
OCF growth 3Y8.88%
OCF growth 5Y13.05%