GRANITE REAL ESTATE INVESTME (GRP.U) Stock Fundamental Analysis
USA - NYSE:GRP.U - CA3874372053 - REIT
56.98 USD
+0.2 (+0.35%)
Taking everything into account, GRP.U scores 7 out of 10 in our fundamental rating. GRP.U was compared to 127 industry peers in the Diversified REITs industry. Both the health and profitability get an excellent rating, making GRP.U a very profitable company, without any liquidiy or solvency issues. GRP.U has a decent growth rate and is not valued too expensively. These ratings could make GRP.U a good candidate for quality investing.
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.
GRP.U had positive earnings in each of the past 5 years.
Each year in the past 5 years GRP.U had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 3.53%, GRP.U belongs to the best of the industry, outperforming 82.68% of the companies in the same industry.
GRP.U's Return On Equity of 6.20% is fine compared to the rest of the industry. GRP.U outperforms 73.23% of its industry peers.
The Return On Invested Capital of GRP.U (3.82%) is better than 71.65% of its industry peers.
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 3.04%.
The last Return On Invested Capital (3.82%) for GRP.U is above the 3 year average (3.46%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.53% | ||
| ROE | 6.2% | ||
| ROIC | 3.82% |
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
GRP.U has a Profit Margin of 56.27%. This is amongst the best in the industry. GRP.U outperforms 96.85% of its industry peers.
GRP.U's Profit Margin has declined in the last couple of years.
GRP.U's Operating Margin of 75.92% is amongst the best of the industry. GRP.U outperforms 100.00% of its industry peers.
GRP.U's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 82.47%, GRP.U belongs to the best of the industry, outperforming 82.68% 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 | 75.92% | ||
| PM (TTM) | 56.27% | ||
| GM | 82.47% |
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
GRP.U has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
Compared to 1 year ago, GRP.U has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.24, we must say that GRP.U is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of GRP.U (1.24) is better than 84.25% of its industry peers.
GRP.U has a debt to FCF ratio of 8.93. This is a slightly negative value and a sign of low solvency as GRP.U would need 8.93 years to pay back of all of its debts.
GRP.U has a better Debt to FCF ratio (8.93) than 89.76% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that GRP.U is somewhat dependend on debt financing.
GRP.U's Debt to Equity ratio of 0.60 is amongst the best of the industry. GRP.U outperforms 85.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 8.93 | ||
| Altman-Z | 1.24 |
ROIC/WACC0.72
WACC5.29%
2.3 Liquidity
GRP.U has a Current Ratio of 2.81. This indicates that GRP.U is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of GRP.U (2.81) is better than 88.98% of its industry peers.
GRP.U has a Quick Ratio of 2.81. This indicates that GRP.U is financially healthy and has no problem in meeting its short term obligations.
GRP.U has a Quick ratio of 2.81. This is amongst the best in the industry. GRP.U outperforms 88.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.81 | ||
| Quick Ratio | 2.81 |
3. Growth
3.1 Past
GRP.U shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.19%, which is quite good.
GRP.U shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.06% yearly.
The Revenue has grown by 9.86% in the past year. This is quite good.
The Revenue has been growing by 15.77% on average over the past years. This is quite good.
EPS 1Y (TTM)9.19%
EPS 3Y-34.68%
EPS 5Y-6.06%
EPS Q2Q%5.12%
Revenue 1Y (TTM)9.86%
Revenue growth 3Y13.09%
Revenue growth 5Y15.77%
Sales Q2Q%5.17%
3.2 Future
GRP.U is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.48% yearly.
Based on estimates for the next years, GRP.U will show a small growth in Revenue. The Revenue will grow by 6.06% on average per year.
EPS Next Y-4.81%
EPS Next 2Y7.36%
EPS Next 3Y6.48%
EPS Next 5YN/A
Revenue Next Year7.88%
Revenue Next 2Y5.79%
Revenue Next 3Y6.06%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 14.17 indicates a correct valuation of GRP.U.
92.91% of the companies in the same industry are more expensive than GRP.U, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.57, GRP.U is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 12.52, the valuation of GRP.U can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GRP.U indicates a rather cheap valuation: GRP.U is cheaper than 98.43% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.09. GRP.U is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 12.52 |
4.2 Price Multiples
75.59% of the companies in the same industry are cheaper than GRP.U, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, GRP.U is valued cheaper than 85.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.47 | ||
| EV/EBITDA | 17.62 |
4.3 Compensation for Growth
GRP.U has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.36%
EPS Next 3Y6.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.94%, GRP.U has a reasonable but not impressive dividend return.
GRP.U's Dividend Yield is slightly below the industry average, which is at 6.21.
Compared to an average S&P500 Dividend Yield of 2.32, GRP.U pays a better dividend.
| 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 been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of GRP.U decreased in the last 3 years.
Dividend Growth(5Y)1.78%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
62.44% of the earnings are spent on dividend by GRP.U. This is not a sustainable payout ratio.
GRP.U's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.44%
EPS Next 2Y7.36%
EPS Next 3Y6.48%
NYSE:GRP.U (10/22/2025, 8:04:00 PM)
56.98
+0.2 (+0.35%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.65%
Inst Owner Change-0.01%
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap3.45B
Revenue(TTM)593.87M
Net Income(TTM)334.19M
Analysts83.08
Price Target63.76 (11.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
Yearly Dividend2.35
Dividend Growth(5Y)1.78%
DP62.44%
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)-0.52%
PT rev (3m)4.58%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-9.37%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 12.52 | ||
| P/S | 8.16 | ||
| P/FCF | 13.47 | ||
| P/OCF | 13.47 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 17.62 |
EPS(TTM)4.02
EY7.06%
EPS(NY)4.55
Fwd EY7.99%
FCF(TTM)4.23
FCFY7.42%
OCF(TTM)4.23
OCFY7.43%
SpS6.99
BVpS63.44
TBVpS63.44
PEG (NY)N/A
PEG (5Y)N/A
Graham Number75.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.53% | ||
| ROE | 6.2% | ||
| ROCE | 4.84% | ||
| ROIC | 3.82% | ||
| ROICexc | 3.86% | ||
| ROICexgc | 3.86% | ||
| OM | 75.92% | ||
| PM (TTM) | 56.27% | ||
| GM | 82.47% | ||
| FCFM | 60.55% |
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%
ROICexgc growth 3Y8.35%
ROICexgc 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-Score7
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 8.93 | ||
| Debt/EBITDA | 7.1 | ||
| Cap/Depr | 6.27% | ||
| Cap/Sales | 0.01% | ||
| Interest Coverage | 5.33 | ||
| Cash Conversion | 79.54% | ||
| Profit Quality | 107.59% | ||
| Current Ratio | 2.81 | ||
| Quick Ratio | 2.81 | ||
| Altman-Z | 1.24 |
F-Score7
WACC5.29%
ROIC/WACC0.72
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)9.19%
EPS 3Y-34.68%
EPS 5Y-6.06%
EPS Q2Q%5.12%
EPS Next Y-4.81%
EPS Next 2Y7.36%
EPS Next 3Y6.48%
EPS Next 5YN/A
Revenue 1Y (TTM)9.86%
Revenue growth 3Y13.09%
Revenue growth 5Y15.77%
Sales Q2Q%5.17%
Revenue Next Year7.88%
Revenue Next 2Y5.79%
Revenue Next 3Y6.06%
Revenue Next 5YN/A
EBIT growth 1Y8.62%
EBIT growth 3Y14.12%
EBIT growth 5Y16.14%
EBIT Next Year51.46%
EBIT Next 3Y19.08%
EBIT Next 5YN/A
FCF growth 1Y21.72%
FCF growth 3Y8.95%
FCF growth 5Y13.06%
OCF growth 1Y21.62%
OCF growth 3Y8.88%
OCF growth 5Y13.05%