GRTU
Granite Real Estate Investment Trust
NYSE: GRTUF · REAL ESTATE · REIT - INDUSTRIAL
$67.50
+2.20% today
Updated 2026-04-29
Market cap
$4.04B
P/E ratio
16.13
P/S ratio
6.53x
EPS (TTM)
$4.13
Dividend yield
5.09%
52W range
$43 – $71
Volume
0.0M
Granite Real Estate Investment Trust (GRTUF) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $393.49M | $455.58M | $521.25M | $569.14M | $618.70M |
| Revenue growth (YoY) | — | +15.8% | +14.4% | +9.2% | +8.7% |
| Cost of revenue | $60.81M | $75.22M | $86.01M | $97.15M | $109.24M |
| Gross profit | $332.68M | $380.36M | $435.24M | $471.99M | $509.46M |
| Gross margin | 84.5% | 83.5% | 83.5% | 82.9% | 82.3% |
| R&D | — | — | — | — | — |
| SG&A | $37.77M | $28.60M | $40.30M | $36.34M | $45.46M |
| Operating income | $292.96M | $349.30M | $392.67M | $435.26M | $462.42M |
| Operating margin | 74.5% | 76.7% | 75.3% | 76.5% | 74.7% |
| EBITDA | — | — | — | — | — |
| EBITDA margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| EBIT | — | — | — | — | — |
| Interest expense | $39.39M | $45.18M | $72.86M | $86.44M | $90.68M |
| Income tax | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.31B | $155.77M | $136.66M | $360.61M | $342.34M |
| Net income growth (YoY) | — | -88.1% | -12.3% | +163.9% | -5.1% |
| Profit margin | 332.9% | 34.2% | 26.2% | 63.4% | 55.3% |