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How does GRT-UN.TO make money? Does GRT-UN.TO have pricing power? What's the Earnings Whisper? Will GRT-UN.TO profit more as the business scales? What is GRT-UN.TO's management track record? Is GRT-UN.TO's current price justified?

Granite Real Estate Investment Trust

CAD 85.18 +$2.98 (+3.63%)

TSX · 11 Sep 2026 20:00 UTC

Previous Close

CAD 84.68

Day Range

CAD 84.58CAD 85.74

Year Range

CAD 75CAD 101.5

Market Cap

5.17B

AVG Volume

84.08K

Trailing/Forward PE

14.2/12.77

PEG ratio

1.03

Dividend Yield

4.12%

Next Earnings Date

2026-11-04

Primary Exchange

Toronto Stock Exchange

Revenue (CAD) · TTM

GRT-UN.TO Revenue (CAD) · TTM by quarter
Period	Revenue (CAD) · TTM
26 Q2	645.7M
26 Q1	629.87M
25 Q4	618.7M
25 Q3	604.98M
25 Q2	593.87M
25 Q1	584.86M
24 Q4	569.14M
24 Q3	550.94M
24 Q2	540.51M
24 Q1	530.59M

Net Income (CAD) · TTM

GRT-UN.TO Net Income (CAD) · TTM by quarter
Period	Net Income (CAD) · TTM
26 Q2	364.76M
26 Q1	389.74M
25 Q4	342.34M
25 Q3	290.62M
25 Q2	334.19M
25 Q1	315.36M
24 Q4	360.61M
24 Q3	308.17M
24 Q2	229.71M
24 Q1	216.01M

Operating Income (CAD) · TTM

GRT-UN.TO Operating Income (CAD) · TTM by quarter
Period	Operating Income (CAD) · TTM
26 Q2	471.78M
26 Q1	469.25M
25 Q4	463.83M
25 Q3	457.19M
25 Q2	450.88M
25 Q1	447.7M
24 Q4	433.39M
24 Q3	422.97M
24 Q2	416.35M
24 Q1	404.8M

EBITDA (CAD) · TTM

GRT-UN.TO EBITDA (CAD) · TTM by quarter
Period	EBITDA (CAD) · TTM
26 Q2	488.42M
26 Q1	513.85M
25 Q4	456.29M
25 Q3	388.41M
25 Q2	456.33M
25 Q1	433.29M
24 Q4	467.09M
24 Q3	458.59M
24 Q2	413.42M
24 Q1	406.04M

Cash Flows (CAD) · TTM

GRT-UN.TO Cash Flows (CAD) · TTM by quarter
Period	Cash Flows (CAD) · TTM
26 Q2	380.92M
26 Q1	376.57M
25 Q4	387.92M
25 Q3	374.81M
25 Q2	359.52M
25 Q1	363.48M
24 Q4	338.01M
24 Q3	342.73M
24 Q2	321.33M
24 Q1	312.37M

EPS (CAD) · TTM

GRT-UN.TO EPS (CAD) · TTM by quarter
Period	EPS (CAD) · TTM
26 Q2	5.97
26 Q1	6.38
25 Q4	5.58
25 Q3	4.69
25 Q2	5.35
25 Q1	5.01
24 Q4	5.71
24 Q3	4.87
24 Q2	3.62
24 Q1	3.39

Expenses (CAD) · TTM

GRT-UN.TO Expenses (CAD) · TTM by quarter
Period	Expenses (CAD) · TTM
26 Q2	39.12M
26 Q1	49M
25 Q4	154.24M
25 Q3	148.23M
25 Q2	146.58M
25 Q1	144.03M
24 Q4	36.46M
24 Q3	38.64M
24 Q2	34.2M
24 Q1	35.48M

Shares Outstanding (CAD) · TTM

GRT-UN.TO Shares Outstanding (CAD) · TTM by quarter
Period	Shares Outstanding (CAD) · TTM
26 Q2	-7.31M
26 Q1	71.93M
25 Q4	136.88M
25 Q3	143.71M
25 Q2	183.1M
25 Q1	148.74M
24 Q4	84.67M
24 Q3	107.63M
24 Q2	67.84M
24 Q1	22.18M

Dividends (CAD)

GRT-UN.TO Dividends (CAD) by quarter
Period	Dividends (CAD)
Aug 26	0.3
Jul 26	0.3
Jun 26	0.3
May 26	0.3
Apr 26	0.3
Mar 26	0.3
Feb 26	0.3
Jan 26	0.3
Dec 25	0.3
Nov 25	0.28

PE Ratio

GRT-UN.TO PE Ratio by quarter
Period	PE Ratio
Sep 26	13.25
Sep 26	13.78
Aug 26	13.83
Aug 26	13.83
Aug 26	14.18
Aug 26	14.32
Jul 26	14.97
Jul 26	15.2
Jul 26	15.5
Jul 26	14.96
Jul 26	15.13
Jun 26	17.07
Jun 26	16.62
Jun 26	16.72
Jun 26	17.16
May 26	17.06
May 26	17
May 26	16.28
May 26	16.55
May 26	16.5
Apr 26	16.13
Apr 26	16.24
Apr 26	15.8
Apr 26	15.07
Mar 26	17.21
Mar 26	16.81
Mar 26	18.19
Mar 26	18.12
Feb 26	19.3
Feb 26	18.48
Feb 26	18.62
Feb 26	18.59
Jan 26	18.44
Jan 26	18.65
Jan 26	19.07
Jan 26	18.07
Jan 26	17.25
Dec 25	16.96
Dec 25	17.04
Dec 25	16.32
Dec 25	15.99
Nov 25	16.08
Nov 25	16.05
Nov 25	16.18
Nov 25	16.26
Oct 25	14.39
Oct 25	14.6
Oct 25	14.71
Oct 25	13.91
Oct 25	14.43
Sep 25	15.29
Sep 25	15.11
Sep 25	15.4
Sep 25	15.55
Aug 25	15.46
Aug 25	16.17
Aug 25	15.66
Aug 25	15.11
Aug 25	14.59
Jul 25	14.53
Jul 25	14.25
Jul 25	14.14
Jul 25	14.02
Jun 25	12.02
Jun 25	12
Jun 25	12.24
Jun 25	12.27
May 25	12.22
May 25	11.69
May 25	11.73
May 25	11.29
May 25	11.05
Apr 25	10.97
Apr 25	10.99
Apr 25	10.23
Apr 25	10.76
Mar 25	13.63
Mar 25	13.78
Mar 25	13.86
Mar 25	13.95
Feb 25	13.54
Feb 25	13.83
Feb 25	13.84
Feb 25	14.13
Jan 25	14.28
Jan 25	14.31
Jan 25	13.86
Jan 25	13.9
Jan 25	14.43
Dec 24	19.12
Dec 24	19.58
Dec 24	19.94
Dec 24	20.17
Nov 24	20.84
Nov 24	20.28
Nov 24	20.67
Nov 24	20.86
Nov 24	20.44
Oct 24	20.96
Oct 24	21.11

Free Cash Flow Yield

GRT-UN.TO Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	7.29%
Sep 26	7.01%
Aug 26	6.99%
Aug 26	6.99%
Aug 26	6.81%
Aug 26	6.75%
Jul 26	6.45%
Jul 26	6.36%
Jul 26	6.23%
Jul 26	6.46%
Jul 26	6.39%
Jun 26	6.64%
Jun 26	6.82%
Jun 26	6.78%
Jun 26	6.6%
May 26	6.64%
May 26	6.67%
May 26	6.96%
May 26	6.85%
May 26	6.87%
Apr 26	7.02%
Apr 26	6.98%
Apr 26	7.17%
Apr 26	7.52%
Mar 26	7.5%
Mar 26	7.67%
Mar 26	7.09%
Mar 26	7.12%
Feb 26	6.68%
Feb 26	6.98%
Feb 26	6.93%
Feb 26	6.94%
Jan 26	6.99%
Jan 26	6.91%
Jan 26	6.76%
Jan 26	7.14%
Jan 26	7.48%
Dec 25	7.61%
Dec 25	7.57%
Dec 25	7.9%
Dec 25	8.06%
Nov 25	8.02%
Nov 25	8.04%
Nov 25	7.97%
Nov 25	7.93%
Oct 25	7.48%
Oct 25	7.37%
Oct 25	7.31%
Oct 25	7.73%
Oct 25	7.46%
Sep 25	7.54%
Sep 25	7.63%
Sep 25	7.49%
Sep 25	7.41%
Aug 25	7.46%
Aug 25	7.13%
Aug 25	7.36%
Aug 25	7.63%
Aug 25	7.9%
Jul 25	7.93%
Jul 25	8.09%
Jul 25	8.15%
Jul 25	8.22%
Jun 25	7.8%
Jun 25	7.81%
Jun 25	7.66%
Jun 25	7.64%
May 25	7.67%
May 25	8.02%
May 25	7.99%
May 25	8.3%
May 25	8.48%
Apr 25	8.54%
Apr 25	8.53%
Apr 25	9.16%
Apr 25	8.71%
Mar 25	8.16%
Mar 25	8.07%
Mar 25	8.03%
Mar 25	7.97%
Feb 25	8.21%
Feb 25	8.04%
Feb 25	8.04%
Feb 25	7.87%
Jan 25	7.79%
Jan 25	7.77%
Jan 25	8.02%
Jan 25	8%
Jan 25	7.71%
Dec 24	7.32%
Dec 24	7.14%
Dec 24	7.01%
Dec 24	6.93%
Nov 24	6.71%
Nov 24	6.9%
Nov 24	6.77%
Nov 24	6.71%
Nov 24	6.84%
Oct 24	6.67%
Oct 24	6.63%

Price to Sales

GRT-UN.TO Price to Sales by quarter
Period	Price to Sales
Sep 26	8.2
Sep 26	8.53
Aug 26	8.56
Aug 26	8.56
Aug 26	8.77
Aug 26	8.86
Jul 26	9.26
Jul 26	9.4
Jul 26	9.59
Jul 26	9.25
Jul 26	9.36
Jun 26	9.44
Jun 26	9.2
Jun 26	9.25
Jun 26	9.5
May 26	9.44
May 26	9.41
May 26	9.01
May 26	9.16
May 26	9.13
Apr 26	8.93
Apr 26	8.99
Apr 26	8.74
Apr 26	8.34
Mar 26	8.27
Mar 26	8.08
Mar 26	8.74
Mar 26	8.71
Feb 26	9.27
Feb 26	8.88
Feb 26	8.94
Feb 26	8.93
Jan 26	8.86
Jan 26	8.96
Jan 26	9.16
Jan 26	8.68
Jan 26	8.29
Dec 25	8.15
Dec 25	8.18
Dec 25	7.84
Dec 25	7.68
Nov 25	7.72
Nov 25	7.71
Nov 25	7.77
Nov 25	7.81
Oct 25	8.1
Oct 25	8.22
Oct 25	8.28
Oct 25	7.83
Oct 25	8.12
Sep 25	8.25
Sep 25	8.15
Sep 25	8.3
Sep 25	8.39
Aug 25	8.33
Aug 25	8.72
Aug 25	8.44
Aug 25	8.15
Aug 25	7.87
Jul 25	7.83
Jul 25	7.68
Jul 25	7.62
Jul 25	7.56
Jun 25	7.62
Jun 25	7.6
Jun 25	7.75
Jun 25	7.78
May 25	7.74
May 25	7.41
May 25	7.44
May 25	7.16
May 25	7
Apr 25	6.95
Apr 25	6.96
Apr 25	6.48
Apr 25	6.82
Mar 25	7.62
Mar 25	7.71
Mar 25	7.75
Mar 25	7.8
Feb 25	7.57
Feb 25	7.73
Feb 25	7.74
Feb 25	7.91
Jan 25	7.99
Jan 25	8
Jan 25	7.75
Jan 25	7.78
Jan 25	8.07
Dec 24	8.13
Dec 24	8.32
Dec 24	8.48
Dec 24	8.57
Nov 24	8.86
Nov 24	8.62
Nov 24	8.78
Nov 24	8.86
Nov 24	8.69
Oct 24	8.91
Oct 24	8.97

EV/EBITDA

GRT-UN.TO EV/EBITDA by quarter
Period	EV/EBITDA
Sep 26	15.92
Sep 26	16.32
Aug 26	16.35
Aug 26	16.35
Aug 26	16.62
Aug 26	16.72
Jul 26	17.22
Jul 26	17.39
Jul 26	17.62
Jul 26	17.21
Jul 26	17.34
Jun 26	19.83
Jun 26	19.49
Jun 26	19.57
Jun 26	19.9
May 26	19.82
May 26	19.78
May 26	19.24
May 26	19.44
May 26	19.4
Apr 26	19.13
Apr 26	19.21
Apr 26	18.88
Apr 26	18.33
Mar 26	21.15
Mar 26	20.85
Mar 26	21.88
Mar 26	21.83
Feb 26	22.72
Feb 26	22.1
Feb 26	22.2
Feb 26	22.18
Jan 26	22.07
Jan 26	22.23
Jan 26	22.54
Jan 26	21.79
Jan 26	21.18
Dec 25	20.96
Dec 25	21.02
Dec 25	20.48
Dec 25	20.24
Nov 25	20.3
Nov 25	20.28
Nov 25	20.38
Nov 25	20.44
Oct 25	17.39
Oct 25	17.54
Oct 25	17.62
Oct 25	17.03
Oct 25	17.41
Sep 25	18.06
Sep 25	17.93
Sep 25	18.14
Sep 25	18.25
Aug 25	18.18
Aug 25	18.7
Aug 25	18.33
Aug 25	17.93
Aug 25	17.55
Jul 25	17.5
Jul 25	17.3
Jul 25	17.22
Jul 25	17.14
Jun 25	15.67
Jun 25	15.66
Jun 25	15.84
Jun 25	15.87
May 25	15.83
May 25	15.42
May 25	15.45
May 25	15.11
May 25	14.93
Apr 25	14.86
Apr 25	14.88
Apr 25	14.3
Apr 25	14.7
Mar 25	15.68
Mar 25	15.78
Mar 25	15.83
Mar 25	15.89
Feb 25	15.62
Feb 25	15.81
Feb 25	15.82
Feb 25	16.02
Jan 25	16.12
Jan 25	16.14
Jan 25	15.83
Jan 25	15.86
Jan 25	16.22
Dec 24	17.95
Dec 24	18.21
Dec 24	18.41
Dec 24	18.54
Nov 24	18.91
Nov 24	18.59
Nov 24	18.81
Nov 24	18.92
Nov 24	18.69
Oct 24	18.97
Oct 24	19.06

Price/Operating Cashflow

GRT-UN.TO Price/Operating Cashflow by quarter
Period	Price/Operating Cashflow
Sep 26	13.71
Sep 26	14.25
Aug 26	14.31
Aug 26	14.31
Aug 26	14.67
Aug 26	14.81
Jul 26	15.49
Jul 26	15.72
Jul 26	16.03
Jul 26	15.47
Jul 26	15.65
Jun 26	15.06
Jun 26	14.66
Jun 26	14.75
Jun 26	15.14
May 26	15.05
May 26	15
May 26	14.36
May 26	14.6
May 26	14.55
Apr 26	14.23
Apr 26	14.33
Apr 26	13.93
Apr 26	13.29
Mar 26	13.34
Mar 26	13.03
Mar 26	14.1
Mar 26	14.05
Feb 26	14.96
Feb 26	14.32
Feb 26	14.43
Feb 26	14.41
Jan 26	14.29
Jan 26	14.46
Jan 26	14.78
Jan 26	14
Jan 26	13.37
Dec 25	13.14
Dec 25	13.2
Dec 25	12.65
Dec 25	12.4
Nov 25	12.46
Nov 25	12.44
Nov 25	12.54
Nov 25	12.6
Oct 25	13.37
Oct 25	13.57
Oct 25	13.67
Oct 25	12.92
Oct 25	13.41
Sep 25	13.27
Sep 25	13.11
Sep 25	13.35
Sep 25	13.49
Aug 25	13.41
Aug 25	14.03
Aug 25	13.58
Aug 25	13.11
Aug 25	12.65
Jul 25	12.6
Jul 25	12.36
Jul 25	12.26
Jul 25	12.16
Jun 25	12.8
Jun 25	12.78
Jun 25	13.03
Jun 25	13.07
May 25	13.02
May 25	12.45
May 25	12.5
May 25	12.03
May 25	11.77
Apr 25	11.68
Apr 25	11.7
Apr 25	10.9
Apr 25	11.46
Mar 25	12.23
Mar 25	12.37
Mar 25	12.43
Mar 25	12.52
Feb 25	12.15
Feb 25	12.41
Feb 25	12.42
Feb 25	12.68
Jan 25	12.81
Jan 25	12.84
Jan 25	12.44
Jan 25	12.47
Jan 25	12.95
Dec 24	13.64
Dec 24	13.97
Dec 24	14.23
Dec 24	14.39
Nov 24	14.87
Nov 24	14.46
Nov 24	14.75
Nov 24	14.88
Nov 24	14.58
Oct 24	14.95
Oct 24	15.06

Price to Book

GRT-UN.TO Price to Book by quarter
Period	Price to Book
Sep 26	0.92
Sep 26	0.95
Aug 26	0.96
Aug 26	0.96
Aug 26	0.98
Aug 26	0.99
Jul 26	1.04
Jul 26	1.05
Jul 26	1.07
Jul 26	1.03
Jul 26	1.05
Jun 26	1.06
Jun 26	1.03
Jun 26	1.04
Jun 26	1.06
May 26	1.06
May 26	1.05
May 26	1.01
May 26	1.03
May 26	1.02
Apr 26	1
Apr 26	1.01
Apr 26	0.98
Apr 26	0.94
Mar 26	0.91
Mar 26	0.89
Mar 26	0.96
Mar 26	0.95
Feb 26	1.02
Feb 26	0.97
Feb 26	0.98
Feb 26	0.98
Jan 26	0.97
Jan 26	0.98
Jan 26	1
Jan 26	0.95
Jan 26	0.91
Dec 25	0.89
Dec 25	0.9
Dec 25	0.86
Dec 25	0.84
Nov 25	0.85
Nov 25	0.85
Nov 25	0.85
Nov 25	0.86
Oct 25	0.89
Oct 25	0.9
Oct 25	0.91
Oct 25	0.86
Oct 25	0.89
Sep 25	0.85
Sep 25	0.84
Sep 25	0.86
Sep 25	0.86
Aug 25	0.86
Aug 25	0.9
Aug 25	0.87
Aug 25	0.84
Aug 25	0.81
Jul 25	0.81
Jul 25	0.79
Jul 25	0.79
Jul 25	0.78
Jun 25	0.76
Jun 25	0.75
Jun 25	0.77
Jun 25	0.77
May 25	0.77
May 25	0.73
May 25	0.74
May 25	0.71
May 25	0.69
Apr 25	0.69
Apr 25	0.69
Apr 25	0.64
Apr 25	0.68
Mar 25	0.77
Mar 25	0.78
Mar 25	0.78
Mar 25	0.79
Feb 25	0.77
Feb 25	0.78
Feb 25	0.78
Feb 25	0.8
Jan 25	0.81
Jan 25	0.81
Jan 25	0.78
Jan 25	0.79
Jan 25	0.82
Dec 24	0.81
Dec 24	0.83
Dec 24	0.84
Dec 24	0.85
Nov 24	0.88
Nov 24	0.86
Nov 24	0.87
Nov 24	0.88
Nov 24	0.86
Oct 24	0.89
Oct 24	0.89

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Granite Real Estate Investment Trust

Video analysis: GRT-UN.TO

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