Granite Real Estate Overview

  • Status
  • Public

  • Employees
  • 69

Employees

  • Stock Symbol
  • GRT.UN

Stock Symbol

  • Investments
  • 1

  • Share Price
  • $47.92
  • (As of Friday Closing)

Granite Real Estate General Information

Description

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.

Contact Information

Formerly Known As
Mi Developments, Mi Developments Inc
Ownership Status
Publicly Held
Financing Status
Corporation
Corporate Office
  • 77 King Street West
  • Suite 4010, P.O. Box 159
  • Toronto, Ontario M5K 1H1
  • Canada
+1 (647)
Primary Industry
Buildings and Property
Stock Exchange
TSE
Corporate Office
  • 77 King Street West
  • Suite 4010, P.O. Box 159
  • Toronto, Ontario M5K 1H1
  • Canada
+1 (647)

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Granite Real Estate Stock Performance

As of 14-Feb-2025, Granite Real Estate’s stock price is $47.92. Its current market cap is $3.01B with 62.7M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$47.92 $47.63 $44.94 - $61.04 $3.01B 62.7M 109K $3.59

Granite Real Estate Financials Summary

As of 30-Sep-2024, Granite Real Estate has a trailing 12-month revenue of $405M.

In Thousands,
USD
TTM 30-Sep-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 6,007,151 5,856,788 5,297,966 6,748,280
Revenue 404,852 385,971 349,657 313,719
EBITDA 305,067 144,714 105,388 1,266,428
Net Income 226,453 101,194 119,552 1,044,382
Total Assets 6,896,375 6,834,296 6,837,868 6,718,873
Total Debt 2,311,971 2,336,170 2,261,076 1,927,814
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Granite Real Estate Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

This information is available in the PitchBook Platform. To explore Granite Real Estate‘s full profile, request access.

Request a free trial

Granite Real Estate Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, developm
Buildings and Property
Toronto, Canada
69 As of 2023

Boston, MA
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Granite Real Estate Competitors (1)

One of Granite Real Estate’s competitors is STAG Industrial, a Formerly PE-Backed company based in Boston, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
STAG Industrial Formerly PE-Backed Boston, MA
You’re viewing 1 of 1 competitors. Get the full list »

Granite Real Estate Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Granite Real Estate Acquisitions (1)

Granite Real Estate’s most recent deal was a Merger/Acquisition with The Maryland Jockey Club. The deal was made on 01-Jul-2010.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
The Maryland Jockey Club 01-Jul-2010 Merger/Acquisition Leisure Facilities
To view Granite Real Estate’s complete acquisitions history, request access »

Granite Real Estate ESG

Risk Overview

Risk Rating

Updated May, 31, 2024

12.13 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 15,120

Rank

Percentile

Real Estate

Industry

of 1,010

Rank

Percentile

REITs

Subindustry

of 427

Rank

Percentile

To view Granite Real Estate’s complete esg history, request access »

Granite Real Estate Exits (1)

Granite Real Estate’s most recent exit was on 01-Jul-2010 from The Maryland Jockey Club. The exit was categorized as with 2 buyers.

Company Name Exit Date Exit Type Exit Size Status Buyers
The Maryland Jockey Club 01-Jul-2010 Completed
  • 2 buyers
To view Granite Real Estate’s complete exits history, request access »

Granite Real Estate FAQs

  • Where is Granite Real Estate headquartered?

    Granite Real Estate is headquartered in Toronto, Canada.

  • What is the size of Granite Real Estate?

    Granite Real Estate has 69 total employees.

  • What industry is Granite Real Estate in?

    Granite Real Estate’s primary industry is Buildings and Property.

  • Is Granite Real Estate a private or public company?

    Granite Real Estate is a Public company.

  • What is Granite Real Estate’s stock symbol?

    The ticker symbol for Granite Real Estate is GRT.UN.

  • What is the current stock price of Granite Real Estate?

    As of 14-Feb-2025 the stock price of Granite Real Estate is $47.92.

  • What is the current market cap of Granite Real Estate?

    The current market capitalization of Granite Real Estate is $3.01B.

  • What is Granite Real Estate’s current revenue?

    The trailing twelve month revenue for Granite Real Estate is $405M.

  • Who are Granite Real Estate’s competitors?

    STAG Industrial is a competitor of Granite Real Estate.

  • What is Granite Real Estate’s annual earnings per share (EPS)?

    Granite Real Estate’s EPS for 12 months was $3.59.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read blog »
  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process »