GRANITE REAL ESTATE INVESTME (GRP.U) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GRP.U - CA3874372053 - REIT
59.22 USD
+0.25 (+0.42%)
Overall GRP.U gets a fundamental rating of 6 out of 10. We evaluated GRP.U against 127 industry peers in the Diversified REITs industry. While GRP.U has a great profitability rating, 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.
GRP.U had a positive operating cash flow in the past year.
Each year in the past 5 years GRP.U has been profitable.
GRP.U had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GRP.U has a better Return On Assets (3.02%) than 70.08% of its industry peers.
With a decent Return On Equity value of 5.28%, GRP.U is doing good in the industry, outperforming 65.35% of the companies in the same industry.
With a decent Return On Invested Capital value of 3.86%, GRP.U is doing good in the industry, outperforming 72.44% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years 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 Profit Margin of 48.08%. This is amongst the best in the industry. GRP.U outperforms 97.64% of its industry peers.
GRP.U's Profit Margin has declined in the last couple of years.
GRP.U has a Operating Margin of 75.49%. This is amongst the best in the industry. GRP.U outperforms 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.
GRP.U has a better Gross Margin (82.21%) than 82.68% of its industry peers.
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 | 75.49% | ||
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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 1.23. 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 better Altman-Z score (1.23) than 83.46% of its industry peers.
The Debt to FCF ratio of GRP.U is 8.52, which is on the high side as it means it would take GRP.U, 8.52 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.52, GRP.U belongs to the top of the industry, outperforming 93.70% of the companies in the same industry.
GRP.U has a Debt/Equity ratio of 0.56. This is a neutral value indicating GRP.U is somewhat dependend on debt financing.
The Debt to Equity ratio of GRP.U (0.56) is better than 87.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 8.52 | ||
| Altman-Z | 1.23 |
ROIC/WACC0.73
WACC5.29%
2.3 Liquidity
A Current Ratio of 1.82 indicates that GRP.U should not have too much problems paying its short term obligations.
GRP.U has a Current ratio of 1.82. This is in the better half of the industry: GRP.U outperforms 77.95% 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 77.95% 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.
Measured over the past years, GRP.U shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.06% on average per year.
The Revenue has grown by 9.81% in the past year. This is quite good.
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)9.59%
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
The Earnings Per Share is expected to grow by 6.59% on average over the next years.
GRP.U is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.62% yearly.
EPS Next Y-11.01%
EPS Next 2Y7.53%
EPS Next 3Y6.59%
EPS Next 5YN/A
Revenue Next Year8.37%
Revenue Next 2Y6.36%
Revenue Next 3Y5.62%
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
A Price/Earnings ratio of 14.00 indicates a correct valuation of GRP.U.
Based on the Price/Earnings ratio, GRP.U is valued cheaply inside the industry as 88.19% of the companies are valued more expensively.
GRP.U is valuated rather cheaply when we compare the Price/Earnings ratio to 26.84, which is the current average of the S&P500 Index.
GRP.U is valuated correctly with a Price/Forward Earnings ratio of 12.66.
Based on the Price/Forward Earnings ratio, GRP.U is valued cheaply inside the industry as 96.85% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.40. GRP.U is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14 | ||
| Fwd PE | 12.66 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GRP.U is valued a bit more expensive than the industry average as 70.08% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, GRP.U is valued cheaper than 85.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.08 | ||
| EV/EBITDA | 17.37 |
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 2Y7.53%
EPS Next 3Y6.59%
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 6.43.
GRP.U's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| 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
GRP.U pays out 71.73% 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.
DP71.73%
EPS Next 2Y7.53%
EPS Next 3Y6.59%
NYSE:GRP.U (12/29/2025, 8:04:00 PM)
59.22
+0.25 (+0.42%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners74.59%
Inst Owner Change-2.27%
Ins Owners0.68%
Ins Owner ChangeN/A
Market Cap3.59B
Revenue(TTM)604.98M
Net Income(TTM)290.86M
Analysts83.08
Price Target66.63 (12.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.94% |
Yearly Dividend2.41
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)3.91%
PT rev (3m)3.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.51%
EPS NY rev (3m)-6.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.45%
Revenue NY rev (3m)0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14 | ||
| Fwd PE | 12.66 | ||
| P/S | 8.12 | ||
| P/FCF | 13.08 | ||
| P/OCF | 13.07 | ||
| P/B | 0.89 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | 17.37 |
EPS(TTM)4.23
EY7.14%
EPS(NY)4.68
Fwd EY7.9%
FCF(TTM)4.53
FCFY7.65%
OCF(TTM)4.53
OCFY7.65%
SpS7.29
BVpS66.39
TBVpS66.39
PEG (NY)N/A
PEG (5Y)N/A
Graham Number79.49
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 | 1.23 |
F-Score6
WACC5.29%
ROIC/WACC0.73
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-11.01%
EPS Next 2Y7.53%
EPS Next 3Y6.59%
EPS Next 5YN/A
Revenue 1Y (TTM)9.81%
Revenue growth 3Y13.09%
Revenue growth 5Y15.77%
Sales Q2Q%8.04%
Revenue Next Year8.37%
Revenue Next 2Y6.36%
Revenue Next 3Y5.62%
Revenue Next 5YN/A
EBIT growth 1Y8.36%
EBIT growth 3Y14.12%
EBIT growth 5Y16.14%
EBIT Next Year47.57%
EBIT Next 3Y18.22%
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 5 / 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 14 and the Price/Book (PB) ratio is 0.89.
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 -11.01% in the next year.