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TSX/GRT.UN (TSX/GRT.UN)

Toronto Stock Exchange: TSX/GRT.UN · CAD

CA$84.6

+0.30 (+0.4%)· Recorded snapshot

Market cap	5.3B
Revenue (ttm)	644.4M
Net income (ttm)	364.8M
EPS (ttm)	CA$5.95
Shares out	62.1M
P/E (trailing)	14.2x
P/E (forward)	13.5x
Dividend	CA$3.55 (4.20%)
Volume	41,495
Beta	1.08

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-11-04
Employees	70
Employees change	1
Employees growth	1.45%
Enterprise value	CAD 8.4B
Exchange	Toronto Stock Exchange
Financial currency	CAD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2003
Industry	REIT - Industrial
Is primary listing	Yes
ISIN number	CA3874372053
Last earnings date	2026-08-05
Last refreshed	2026-10-29
Market cap	CAD 5.3B
Next earnings date	2026-11-04
Price	CAD 84.60
Price currency	CAD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-29
Symbol	tsx/GRT.UN
Website	https://www.granitereit.com

Metric

Value

Amount currency

CAD

Country

Canada

Country code

Earnings date

2026-11-04

Employees

Employees change

Employees growth

1.45%

Enterprise value

CAD 8.4B

Exchange

Toronto Stock Exchange

Financial currency

CAD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

2003

Industry

REIT - Industrial

Is primary listing

Yes

ISIN number

CA3874372053

Last earnings date

2026-08-05

Last refreshed

2026-10-29

Market cap

CAD 5.3B

Next earnings date

2026-11-04

Price

CAD 84.60

Price currency

CAD

Sector

Real Estate

SIC code

6798

Stock price date

2026-10-29

Symbol

tsx/GRT.UN

Website

https://www.granitereit.com

Metric	Value
Earnings yield	7.03%
EV/Earnings	22.91x
EV/EBIT	17.76x
EV/EBITDA	17.72x
EV/FCF	21.94x
EV/Sales	12.97x
FCF / EV yield	4.56%
FCF yield	7.28%
Forward P/E	13.46x
Graham number	112.20835
Graham upside	32.89%
Industry P/E	15.81x
Lynch fair value	CAD 29.73
Lynch upside	-64.8%
P/(FCF - SBC) ratio	14.53x
P/(OCF - SBC) ratio	14.52x
P/B ratio	0.9x
P/E ratio	14.23x
P/FCF ratio	13.74x
P/FFO ratio	13.62x
P/OCF ratio	13.73x
P/S ratio	8.12x
PEG ratio	2.19x
Price / tangible book value	0.91x
Price/EBITDA ratio	11.1x
Sector forward P/E	14.25x
Sector P/E	45.96x

Metric

Value

Earnings yield

7.03%

EV/Earnings

22.91x

EV/EBIT

17.76x

EV/EBITDA

17.72x

EV/FCF

21.94x

EV/Sales

12.97x

FCF / EV yield

4.56%

FCF yield

7.28%

Forward P/E

13.46x

Graham number

112.20835

Graham upside

32.89%

Industry P/E

15.81x

Lynch fair value

CAD 29.73

Lynch upside

-64.8%

P/(FCF - SBC) ratio

14.53x

P/(OCF - SBC) ratio

14.52x

P/B ratio

0.9x

P/E ratio

14.23x

P/FCF ratio

13.74x

P/FFO ratio

13.62x

P/OCF ratio

13.73x

P/S ratio

8.12x

PEG ratio

2.19x

Price / tangible book value

0.91x

Price/EBITDA ratio

11.1x

Sector forward P/E

14.25x

Sector P/E

45.96x

Metric	Value
EBIT margin	73%
EBITDA margin	73.18%
Effective tax rate	6.99%
FCF margin	59.11%
Gross margin	82.07%
Operating margin	73%
Pretax margin	60.95%
Profit margin	56.6%
Profit per employee	CAD 5.2M
Profitable quarters	14
Profitable years	15
Revenue per employee	CAD 9.2M
ROA	3.05%
ROA (5Y)	2.68%
ROCE	5.36%
ROE	6.53%
ROE (5Y)	9.29%
ROIC	4.9%
ROIC (5Y)	4.4%
SBC / revenue	3.21%
Tax / revenue	4.26%

Metric

Value

EBIT margin

73%

EBITDA margin

73.18%

Effective tax rate

6.99%

FCF margin

59.11%

Gross margin

82.07%

Operating margin

73%

Pretax margin

60.95%

Profit margin

56.6%

Profit per employee

CAD 5.2M

Profitable quarters

Profitable years

Revenue per employee

CAD 9.2M

ROA

3.05%

ROA (5Y)

2.68%

ROCE

5.36%

ROE

6.53%

ROE (5Y)

9.29%

ROIC

4.9%

ROIC (5Y)

4.4%

SBC / revenue

3.21%

Tax / revenue

4.26%

Metric	Value
EPS growth	7.79%
EPS growth (Q)	-27.21%
EPS growth (QoQ)	-24.15%
EPS growth 10Y	3.76%
EPS growth 5Y	-13.79%
EPS growth years	0
Net income growth	9.15%
Net income growth (Q)	-26.29%
Net income growth (QoQ)	-23.26%
Net income growth 5Y	-14.95%
Net income growth years	0
OCF growth	5.98%
OCF growth (Q)	6.06%
OCF growth (QoQ)	-20.85%
OCF growth 10Y	8.44%
OCF growth 3Y	8.83%
OCF growth 5Y	8.09%
Revenue growth	8.66%
Revenue growth (Q)	9.76%
Revenue growth (QoQ)	-1.21%
Revenue growth 10Y	11.22%
Revenue growth 3Y	9.03%
Revenue growth 5Y	11.67%
Revenue growth quarters	35
Revenue growth years	8

Metric

Value

EPS growth

7.79%

EPS growth (Q)

-27.21%

EPS growth (QoQ)

-24.15%

EPS growth 10Y

3.76%

EPS growth 5Y

-13.79%

EPS growth years

Net income growth

9.15%

Net income growth (Q)

-26.29%

Net income growth (QoQ)

-23.26%

Net income growth 5Y

-14.95%

Net income growth years

OCF growth

5.98%

OCF growth (Q)

6.06%

OCF growth (QoQ)

-20.85%

OCF growth 10Y

8.44%

OCF growth 3Y

8.83%

OCF growth 5Y

8.09%

Revenue growth

8.66%

Revenue growth (Q)

9.76%

Revenue growth (QoQ)

-1.21%

Revenue growth 10Y

11.22%

Revenue growth 3Y

9.03%

Revenue growth 5Y

11.67%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CAD -220,000
Depreciation and amortization	CAD 1.1M
EBIT	CAD 470.5M
EBITDA	CAD 471.6M
EPS	CAD 5.95
FCF per share	CAD 6.14
Financing cash flow	CAD -305.9M
Free cash flow	CAD 380.9M
Free cash flow minus SBC	CAD 360.2M
Funds from operations (FFO)	CAD 377.6M
Gross profit	CAD 528.9M
Income taxes	CAD 27.4M
Investing cash flow	CAD -61.9M
Net cash flow	CAD 8.2M
Net income	CAD 364.8M
Operating cash flow minus SBC	CAD 360.4M
Operating income	CAD 470.5M
Revenue	CAD 644.4M
Stock-based compensation	CAD 20.7M

Metric

Value

Capital expenditures

CAD -220,000

Depreciation and amortization

CAD 1.1M

EBIT

CAD 470.5M

EBITDA

CAD 471.6M

EPS

CAD 5.95

FCF per share

CAD 6.14

Financing cash flow

CAD -305.9M

Free cash flow

CAD 380.9M

Free cash flow minus SBC

CAD 360.2M

Funds from operations (FFO)

CAD 377.6M

Gross profit

CAD 528.9M

Income taxes

CAD 27.4M

Investing cash flow

CAD -61.9M

Net cash flow

CAD 8.2M

Net income

CAD 364.8M

Operating cash flow minus SBC

CAD 360.4M

Operating income

CAD 470.5M

Revenue

CAD 644.4M

Stock-based compensation

CAD 20.7M

Metric	Value
Book value per share	CAD 94.13
Debt / EBITDA	6.8
Debt / equity	0.55
Debt / FCF	8.42
Interest coverage	4.81
Net cash (debt)	CAD -3.1B
Net cash / market cap	-59.45%
Net debt / EBITDA	6.6
Net debt / equity	0.54
Net debt / FCF	8.17
Piotroski F-Score	5
Property, plant and equipment	CAD 9.6B
Shareholders' equity	CAD 5.8B
Tangible book value	CAD 5.8B
Tangible book value per share	CAD 94.13
Total assets	CAD 9.8B
Total cash	CAD 94.6M
Total debt	CAD 3.2B
Total liabilities	CAD 4B
WACC	7.41%

Metric

Value

Book value per share

CAD 94.13

Debt / EBITDA

6.8

Debt / equity

0.55

Debt / FCF

8.42

Interest coverage

4.81

Net cash (debt)

CAD -3.1B

Net cash / market cap

-59.45%

Net debt / EBITDA

6.6

Net debt / equity

0.54

Net debt / FCF

8.17

Piotroski F-Score

Property, plant and equipment

CAD 9.6B

Shareholders' equity

CAD 5.8B

Tangible book value

CAD 5.8B

Tangible book value per share

CAD 94.13

Total assets

CAD 9.8B

Total cash

CAD 94.6M

Total debt

CAD 3.2B

Total liabilities

CAD 4B

WACC

7.41%

Metric	Value
Asset turnover	0.07
Current ratio	0.18
Net working capital	CAD -83.8M
Quick ratio	0.1
Working capital	CAD -836M

Metric

Value

Asset turnover

0.07

Current ratio

0.18

Net working capital

CAD -83.8M

Quick ratio

0.1

Working capital

CAD -836M

Metric	Value
Buyback yield / dilution	-1.26%
Dividend growth	4.3%
Dividend growth years	1
Dividend payment date	2026-11-16
Dividend payment years	3
Dividend payout frequency	Monthly
Dividend per share	CAD 3.55
Dividend yield	4.2%
Ex-dividend date	2026-10-30
FCF payout ratio	57.85%
Last dividend	CAD 0.30
Payout ratio	57.77%
Shareholder yield	2.95%

Metric

Value

Buyback yield / dilution

-1.26%

Dividend growth

4.3%

Dividend growth years

Dividend payment date

2026-11-16

Dividend payment years

Dividend payout frequency

Monthly

Dividend per share

CAD 3.55

Dividend yield

4.2%

Ex-dividend date

2026-10-30

FCF payout ratio

57.85%

Last dividend

CAD 0.30

Payout ratio

57.77%

Shareholder yield

2.95%

Metric	Value
150-day SMA	CAD 90.73
1D price change	0.36%
1M price change	-1.36%
1M total return	-1.01%
1W price change	-0.21%
1W total return	-0.21%
1Y price change	5.76%
1Y return CAGR	10.14%
1Y total return	10.14%
20-day SMA	CAD 84.42
200-day SMA	CAD 89.88
3M price change	-14.44%
3M total return	-13.59%
50-day SMA	CAD 85.66
50-day SMA vs 200-day SMA	50under200
52-week high	CAD 101.50
52-week high date	2026-07-20
52-week low	CAD 75.00
52-week low date	2025-11-20
6M price change	-7.98%
6M total return	-6.19%
All-time high	CAD 101.50
All-time high date	2026-07-20
All-time low	CAD 55.25
All-time low date	2025-04-07
Average true range (ATR)	CAD 1.63
Average volume	73.9K
Beta (1Y)	0.9
Beta (2Y)	0.89
Beta (5Y)	1.08
Change from 52-week high	-16.65%
Change from 52-week low	12.8%
Change from all-time high	-16.93%
Change from all-time low	52.62%
Change from open	-0.05%
Day's gap	0.4%
Dollar volume	CAD 3.5M
High price	CAD 85.17
Low price	CAD 84.03
Monthly RSI	53.04
Open price	CAD 84.64
Position in 52-week range	50%
Previous close	CAD 84.30
Price vs 150-day SMA	-7.07%
Price vs 20-day SMA	-0.12%
Price vs 200-day SMA	-6.18%
Price vs 50-day SMA	-1.56%
Relative volume	0.56
RSI	46.99
Sharpe ratio	0.38
Sortino ratio	0.82
Volume	41.5K
Weekly RSI	40.58
YTD price change	3.19%
YTD total return	6.29%

Metric

Value

150-day SMA

CAD 90.73

1D price change

0.36%

1M price change

-1.36%

1M total return

-1.01%

1W price change

-0.21%

1W total return

-0.21%

1Y price change

5.76%

1Y return CAGR

10.14%

1Y total return

10.14%

20-day SMA

CAD 84.42

200-day SMA

CAD 89.88

3M price change

-14.44%

3M total return

-13.59%

50-day SMA

CAD 85.66

50-day SMA vs 200-day SMA

50under200

52-week high

CAD 101.50

52-week high date

2026-07-20

52-week low

CAD 75.00

52-week low date

2025-11-20

6M price change

-7.98%

6M total return

-6.19%

All-time high

CAD 101.50

All-time high date

2026-07-20

All-time low

CAD 55.25

All-time low date

2025-04-07

Average true range (ATR)

CAD 1.63

Average volume

73.9K

Beta (1Y)

0.9

Beta (2Y)

0.89

Beta (5Y)

1.08

Change from 52-week high

-16.65%

Change from 52-week low

12.8%

Change from all-time high

-16.93%

Change from all-time low

52.62%

Change from open

-0.05%

Day's gap

0.4%

Dollar volume

CAD 3.5M

High price

CAD 85.17

Low price

CAD 84.03

Monthly RSI

53.04

Open price

CAD 84.64

Position in 52-week range

50%

Previous close

CAD 84.30

Price vs 150-day SMA

-7.07%

Price vs 20-day SMA

-0.12%

Price vs 200-day SMA

-6.18%

Price vs 50-day SMA

-1.56%

Relative volume

0.56

RSI

46.99

Sharpe ratio

0.38

Sortino ratio

0.82

Volume

41.5K

Weekly RSI

40.58

YTD price change

3.19%

YTD total return

6.29%

Metric	Value
Float	61.8M
Shares change (QoQ)	1.17%
Shares change (YoY)	1.26%
Shares held by insiders	0.44%
Shares held by institutions	35.26%
Shares outstanding	62.1M
Short % of shares	0.46%

Metric

Value

Float

61.8M

Shares change (QoQ)

1.17%

Shares change (YoY)

1.26%

Shares held by insiders

0.44%

Shares held by institutions

35.26%

Shares outstanding

62.1M

Short % of shares

0.46%

TSX/GRT.UN (TSX/GRT.UN)

Price

Financial snapshot

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Frequently asked questions