Raymond James Has Negative Outlook of TSE:GRT Q4 Earnings

Granite Real Estate Investment Trust (TSE:GRT) – Stock analysts at Raymond James decreased their Q4 2024 earnings estimates for shares of Granite Real Estate Investment Trust in a research report issued to clients and investors on Tuesday, February 4th. Raymond James analyst B. Sturges now forecasts that the real estate investment trust will earn $1.40 per share for the quarter, down from their previous estimate of $1.41.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust has a one year low of C$30.78 and a one year high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported C$1.77 earnings per share for the quarter, beating the consensus estimate of C$1.35 by C$0.42. During the same quarter in the previous year, the firm posted $1.24 earnings per share.

About Granite Real Estate Investment Trust

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.