National Bank Financial Comments on GRP.U FY2025 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Investment analysts at National Bank Financial dropped their FY2025 earnings per share estimates for Granite Real Estate Inc. Staple in a report released on Thursday, January 23rd. National Bank Financial analyst M. Kornack now expects that the company will post earnings of $4.11 per share for the year, down from their previous forecast of $4.17. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.81 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple’s FY2026 earnings at $4.45 EPS.

Granite Real Estate Inc. Staple (NYSE:GRP.U) last announced its earnings results on Wednesday, November 6th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.31. Granite Real Estate Inc. Staple had a net margin of 55.97% and a return on equity of 5.71%. The business had revenue of $104.02 million for the quarter. During the same period last year, the firm posted $0.92 EPS.

Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 16th.

Granite Real Estate Inc. Staple Trading Up 1.2 %

GRP.U opened at $48.99 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a 1-year low of $46.75 and a 1-year high of $65.63. The stock has a market capitalization of $3.07 billion and a PE ratio of 13.68. The firm has a 50-day moving average price of $50.26 and a two-hundred day moving average price of $53.74.

Granite Real Estate Inc. Staple Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.1967 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.36 annualized dividend and a dividend yield of 4.82%. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 49.72%.

Granite Real Estate Inc. Staple Company Profile

Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing.