GRANITE REAL ESTATE INVESTME (GRP.U) Stock Fundamental Analysis
USA - NYSE:GRP.U - CA3874372053 - REIT
55.78 USD
+0.48 (+0.88%)
GRP.U gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. GRP.U scores excellent points on both the profitability and health parts. This is a solid base for a good stock. GRP.U has a correct valuation and a medium growth rate. These ratings would make GRP.U suitable 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.
In the past 5 years GRP.U has always been profitable.
GRP.U had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GRP.U's Return On Assets of 3.53% is amongst the best of the industry. GRP.U outperforms 82.95% of its industry peers.
Looking at the Return On Equity, with a value of 6.20%, GRP.U is in the better half of the industry, outperforming 73.64% of the companies in the same industry.
The Return On Invested Capital of GRP.U (3.82%) is better than 72.09% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GRP.U 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 96.90% of its industry peers.
GRP.U's Profit Margin has declined in the last couple of years.
The Operating Margin of GRP.U (75.92%) is better than 100.00% of its industry peers.
GRP.U's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 82.47%, GRP.U belongs to the top of the industry, outperforming 82.95% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GRP.U is destroying value.
Compared to 1 year ago, GRP.U has less shares outstanding
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 1.21, we must say that GRP.U is in the distress zone and has some risk of bankruptcy.
GRP.U has a better Altman-Z score (1.21) than 84.50% 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.
The Debt to FCF ratio of GRP.U (8.93) is better than 89.92% of its industry peers.
GRP.U has a Debt/Equity ratio of 0.60. This is a neutral value indicating GRP.U is somewhat dependend on debt financing.
GRP.U has a better Debt to Equity ratio (0.60) than 86.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 8.93 | ||
| Altman-Z | 1.21 |
ROIC/WACC0.68
WACC5.64%
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.
GRP.U has a better Current ratio (2.81) than 89.15% 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 89.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.81 | ||
| Quick Ratio | 2.81 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.19% 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.
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.
The Revenue is expected to grow by 6.06% on average over the next years.
EPS Next Y-4.81%
EPS Next 2Y7.36%
EPS Next 3Y6.48%
EPS Next 5YN/A
Revenue Next Year7.93%
Revenue Next 2Y6.08%
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
Based on the Price/Earnings ratio of 13.77, the valuation of GRP.U can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of GRP.U indicates a rather cheap valuation: GRP.U is cheaper than 93.02% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.67, GRP.U is valued rather cheaply.
The Price/Forward Earnings ratio is 12.17, which indicates a correct valuation of GRP.U.
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 98.45% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of GRP.U to the average of the S&P500 Index (23.13), we can say GRP.U is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 12.17 |
4.2 Price Multiples
72.09% 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 87.60% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.1 | ||
| EV/EBITDA | 17.24 |
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
GRP.U has a Yearly Dividend Yield of 3.94%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.41, 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 2.41.
| 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.
The dividend of GRP.U is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.44%
EPS Next 2Y7.36%
EPS Next 3Y6.48%
NYSE:GRP.U (9/30/2025, 9:36:16 AM)
55.78
+0.48 (+0.88%)
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-1.96%
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap3.38B
Analysts83.08
Price Target64.09 (14.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
Yearly Dividend2.36
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)5.93%
PT rev (3m)5.12%
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)-0.24%
Revenue NY rev (3m)0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 12.17 | ||
| P/S | 7.93 | ||
| P/FCF | 13.1 | ||
| P/OCF | 13.09 | ||
| P/B | 0.87 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 17.24 |
EPS(TTM)4.05
EY7.26%
EPS(NY)4.58
Fwd EY8.21%
FCF(TTM)4.26
FCFY7.64%
OCF(TTM)4.26
OCFY7.64%
SpS7.03
BVpS63.88
TBVpS63.88
PEG (NY)N/A
PEG (5Y)N/A
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%
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-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 | 1.21 |
F-Score7
WACC5.64%
ROIC/WACC0.68
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 Year7.93%
Revenue Next 2Y6.08%
Revenue Next 3Y6.06%
Revenue Next 5YN/A
EBIT growth 1Y8.62%
EBIT growth 3Y14.12%
EBIT growth 5Y16.14%
EBIT Next Year50.43%
EBIT Next 3Y18.81%
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%