Granite Real Estate Investment Trust
NYSE: GRTUF · REAL ESTATE · REIT - INDUSTRIAL
Updated 2026-06-05
Granite Real Estate Investment Trust (GRTUF) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2021 | $393.49M | $1.31B | 84.55% | 74.45% | 332.90% |
| 2022 | $455.58M | $155.77M | 83.49% | 76.67% | 34.19% |
| 2023 | $521.25M | $136.66M | 83.50% | 75.33% | 26.22% |
| 2024 | $569.14M | $360.61M | 82.93% | 76.48% | 63.36% |
| 2025 | $618.70M | $342.34M | 82.34% | 74.74% | 55.33% |
Frequently asked questions
What is Granite Real Estate Investment Trust's revenue?
Granite Real Estate Investment Trust's trailing twelve-month revenue is $629.87M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is GRTUF?
In its most recent fiscal year, GRTUF ran a gross margin of 82.34%, an operating margin of 74.74%, and a net margin of 55.33%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does GRTUF generate?
GRTUF produced $387.97M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.