GRANITE REAL ESTATE INVESTME (GRP.U) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GRP.U - CA3874372053 - REIT
53.93 USD
+0.29 (+0.54%)
Overall GRP.U gets a fundamental rating of 6 out of 10. We evaluated GRP.U against 128 industry peers in the Diversified REITs industry. While GRP.U belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. GRP.U has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year GRP.U was profitable.
In the past year GRP.U had a positive cash flow from operations.
In the past 5 years GRP.U has always been profitable.
In the past 5 years GRP.U always reported a positive cash flow from operatings.
1.2 Ratios
GRP.U has a better Return On Assets (3.02%) than 74.22% of its industry peers.
With a decent Return On Equity value of 5.28%, GRP.U is doing good in the industry, outperforming 68.75% of the companies in the same industry.
The Return On Invested Capital of GRP.U (3.86%) is better than 72.66% 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 3.06%.
The last Return On Invested Capital (3.86%) for GRP.U is above the 3 year average (3.46%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.02% | ||
| ROE | 5.28% | ||
| ROIC | 3.86% |
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 better Profit Margin (48.08%) than 97.66% of its industry peers.
In the last couple of years the Profit Margin of GRP.U has declined.
Looking at the Operating Margin, with a value of 75.49%, GRP.U belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of GRP.U has remained more or less at the same level.
With an excellent Gross Margin value of 82.21%, GRP.U belongs to the best of the industry, outperforming 82.03% of the companies in the same industry.
GRP.U's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 75.49% | ||
| PM (TTM) | 48.08% | ||
| GM | 82.21% |
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.
Compared to 5 years ago, GRP.U has more shares outstanding
Compared to 1 year ago, GRP.U has an improved debt to assets ratio.
2.2 Solvency
GRP.U has an Altman-Z score of 1.19. This is a bad value and indicates that GRP.U is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.19, GRP.U belongs to the best of the industry, outperforming 82.81% of the companies in the same industry.
GRP.U has a debt to FCF ratio of 8.52. This is a slightly negative value and a sign of low solvency as GRP.U would need 8.52 years to pay back of all of its debts.
GRP.U has a Debt to FCF ratio of 8.52. This is amongst the best in the industry. GRP.U outperforms 93.75% of its industry peers.
GRP.U has a Debt/Equity ratio of 0.56. This is a neutral value indicating GRP.U is somewhat dependend on debt financing.
GRP.U has a Debt to Equity ratio of 0.56. This is amongst the best in the industry. GRP.U outperforms 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 8.52 | ||
| Altman-Z | 1.19 |
ROIC/WACC0.75
WACC5.17%
2.3 Liquidity
GRP.U has a Current Ratio of 1.82. This is a normal value and indicates that GRP.U is financially healthy and should not expect problems in meeting its short term obligations.
GRP.U has a better Current ratio (1.82) than 77.34% of its industry peers.
A Quick Ratio of 1.82 indicates that GRP.U should not have too much problems paying its short term obligations.
GRP.U has a Quick ratio of 1.82. This is in the better half of the industry: GRP.U outperforms 77.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.82 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.59% over the past year.
The Earnings Per Share has been decreasing by -6.06% on average over the past years.
GRP.U shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.81%.
The Revenue has been growing by 15.77% on average over the past years. This is quite good.
EPS 1Y (TTM)9.59%
EPS 3Y-34.68%
EPS 5Y-6.06%
EPS Q2Q%10.34%
Revenue 1Y (TTM)9.81%
Revenue growth 3Y13.09%
Revenue growth 5Y15.77%
Sales Q2Q%8.04%
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 Year7.88%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GRP.U is valuated correctly with a Price/Earnings ratio of 13.15.
Compared to the rest of the industry, the Price/Earnings ratio of GRP.U indicates a rather cheap valuation: GRP.U is cheaper than 93.75% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.98, GRP.U is valued a bit cheaper.
With a Price/Forward Earnings ratio of 11.92, the valuation of GRP.U can be described as very reasonable.
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 98.44% 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 (35.79), we can say GRP.U is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.15 | ||
| Fwd PE | 11.92 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GRP.U is valued a bit more expensive than 67.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GRP.U is valued cheaper than 86.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.28 | ||
| EV/EBITDA | 16.72 |
4.3 Compensation for Growth
The decent 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
GRP.U has a Yearly Dividend Yield of 3.94%.
Compared to an average industry Dividend Yield of 6.59, 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.
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
71.73% 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.
DP71.73%
EPS Next 2Y7.36%
EPS Next 3Y6.48%
NYSE:GRP.U (11/25/2025, 8:04:00 PM)
53.93
+0.29 (+0.54%)
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-2.27%
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap3.27B
Revenue(TTM)604.98M
Net Income(TTM)290.86M
Analysts83.08
Price Target64.12 (18.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
Yearly Dividend2.34
Dividend Growth(5Y)1.78%
DP71.73%
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)0.57%
PT rev (3m)5.98%
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)-0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.15 | ||
| Fwd PE | 11.92 | ||
| P/S | 7.62 | ||
| P/FCF | 12.28 | ||
| P/OCF | 12.27 | ||
| P/B | 0.84 | ||
| P/tB | 0.84 | ||
| EV/EBITDA | 16.72 |
EPS(TTM)4.1
EY7.6%
EPS(NY)4.52
Fwd EY8.39%
FCF(TTM)4.39
FCFY8.15%
OCF(TTM)4.39
OCFY8.15%
SpS7.08
BVpS64.4
TBVpS64.4
PEG (NY)N/A
PEG (5Y)N/A
Graham Number77.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.02% | ||
| ROE | 5.28% | ||
| ROCE | 4.89% | ||
| ROIC | 3.86% | ||
| ROICexc | 3.91% | ||
| ROICexgc | 3.91% | ||
| OM | 75.49% | ||
| PM (TTM) | 48.08% | ||
| GM | 82.21% | ||
| FCFM | 62.09% |
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-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 8.52 | ||
| Debt/EBITDA | 6.77 | ||
| Cap/Depr | 7.49% | ||
| Cap/Sales | 0.02% | ||
| Interest Coverage | 5.84 | ||
| Cash Conversion | 82.05% | ||
| Profit Quality | 129.14% | ||
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.82 | ||
| Altman-Z | 1.19 |
F-Score6
WACC5.17%
ROIC/WACC0.75
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)9.59%
EPS 3Y-34.68%
EPS 5Y-6.06%
EPS Q2Q%10.34%
EPS Next Y-4.81%
EPS Next 2Y7.36%
EPS Next 3Y6.48%
EPS Next 5YN/A
Revenue 1Y (TTM)9.81%
Revenue growth 3Y13.09%
Revenue growth 5Y15.77%
Sales Q2Q%8.04%
Revenue Next Year7.88%
Revenue Next 2Y5.79%
Revenue Next 3Y6.06%
Revenue Next 5YN/A
EBIT growth 1Y8.36%
EBIT growth 3Y14.12%
EBIT growth 5Y16.14%
EBIT Next Year52.37%
EBIT Next 3Y19.32%
EBIT Next 5YN/A
FCF growth 1Y24.21%
FCF growth 3Y8.95%
FCF growth 5Y13.06%
OCF growth 1Y24.16%
OCF growth 3Y8.88%
OCF growth 5Y13.05%
GRANITE REAL ESTATE INVESTME / GRP.U FAQ
What is the fundamental rating for GRP.U stock?
ChartMill assigns a fundamental rating of 6 / 10 to GRP.U.
What is the valuation status for GRP.U stock?
ChartMill assigns a valuation rating of 6 / 10 to GRANITE REAL ESTATE INVESTME (GRP.U). This can be considered as Fairly Valued.
How profitable is GRANITE REAL ESTATE INVESTME (GRP.U) stock?
GRANITE REAL ESTATE INVESTME (GRP.U) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for GRP.U stock?
The Price/Earnings (PE) ratio for GRANITE REAL ESTATE INVESTME (GRP.U) is 13.15 and the Price/Book (PB) ratio is 0.84.
What is the earnings growth outlook for GRANITE REAL ESTATE INVESTME?
The Earnings per Share (EPS) of GRANITE REAL ESTATE INVESTME (GRP.U) is expected to decline by -4.81% in the next year.