GRANITE REAL ESTATE INVESTME (GRP.U) Stock Fundamental Analysis
USA - NYSE:GRP.U - CA3874372053 - REIT
56.98 USD
+0.2 (+0.35%)
GRP.U gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 127 industry peers in the Diversified REITs industry. GRP.U gets an excellent profitability rating and is at the same time showing great financial health properties. GRP.U is not valued too expensively and it also shows a decent 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.
Each year in the past 5 years GRP.U has been profitable.
Each year in the past 5 years GRP.U had a positive operating cash flow.
1.2 Ratios
GRP.U's Return On Assets of 3.53% is amongst the best of the industry. GRP.U outperforms 82.68% of its industry peers.
GRP.U has a better Return On Equity (6.20%) than 73.23% of its industry peers.
GRP.U has a Return On Invested Capital of 3.82%. This is in the better half of the industry: GRP.U outperforms 71.65% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital 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's Profit Margin of 56.27% is amongst the best of 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 has a better Operating Margin (75.92%) 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 82.47%, GRP.U belongs to the top 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
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
GRP.U has more shares outstanding than it did 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 1.24. This is a bad value and indicates that GRP.U is not financially healthy and even has some risk of bankruptcy.
GRP.U has a Altman-Z score of 1.24. This is amongst the best in the industry. GRP.U outperforms 84.25% of its industry peers.
The Debt to FCF ratio of GRP.U is 8.93, which is on the high side as it means it would take GRP.U, 8.93 years of fcf income to pay off all of its debts.
GRP.U's Debt to FCF ratio of 8.93 is amongst the best of the industry. GRP.U outperforms 89.76% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that GRP.U is somewhat dependend on debt financing.
The Debt to Equity ratio of GRP.U (0.60) is better than 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
A Current Ratio of 2.81 indicates that GRP.U has no problem at all paying its short term obligations.
The Current ratio of GRP.U (2.81) is better than 88.98% of its industry peers.
A Quick Ratio of 2.81 indicates that GRP.U has no problem at all paying its short term obligations.
The Quick ratio of GRP.U (2.81) is better than 88.98% 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.
Looking at the last year, GRP.U shows a quite strong growth in Revenue. The Revenue has grown by 9.86% 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)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
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
With a Price/Earnings ratio of 14.17, GRP.U is valued correctly.
Based on the Price/Earnings ratio, GRP.U is valued cheaply inside the industry as 92.13% of the companies are valued more expensively.
GRP.U's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.57.
A Price/Forward Earnings ratio of 12.54 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 98.43% of the companies listed in the same industry.
GRP.U is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.09, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 12.54 |
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.
85.83% of the companies in the same industry are more expensive than GRP.U, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.48 | ||
| EV/EBITDA | 17.6 |
4.3 Compensation for Growth
The excellent profitability rating of GRP.U 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.
Compared to an average industry Dividend Yield of 6.21, 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.
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
GRP.U pays out 62.44% of its income as dividend. 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 (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 | 12.54 | ||
| P/S | 8.16 | ||
| P/FCF | 13.48 | ||
| P/OCF | 13.48 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 17.6 |
EPS(TTM)4.02
EY7.06%
EPS(NY)4.55
Fwd EY7.98%
FCF(TTM)4.23
FCFY7.42%
OCF(TTM)4.23
OCFY7.42%
SpS6.98
BVpS63.37
TBVpS63.37
PEG (NY)N/A
PEG (5Y)N/A
Graham Number75.71
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 Year51.63%
EBIT Next 3Y19.13%
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%