Desjardins Issues Pessimistic Forecast for GRP.U Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Investment analysts at Desjardins dropped their FY2025 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a research report issued to clients and investors on Sunday, November 10th. Desjardins analyst K. Stanley now expects that the company will earn $4.11 per share for the year, down from their prior estimate of $4.14. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.88 per share. Desjardins also issued estimates for Granite Real Estate Inc. Staple’s FY2026 earnings at $4.41 EPS.

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a report on Sunday.

Granite Real Estate Inc. Staple Stock Down 0.7 %

GRP.U opened at $54.36 on Tuesday. Granite Real Estate Inc. Staple has a 1-year low of $47.31 and a 1-year high of $65.63. The firm’s 50 day simple moving average is $57.14 and its two-hundred day simple moving average is $53.61. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.41 billion, a PE ratio of 15.37 and a beta of 1.21.

Granite Real Estate Inc. Staple Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.1994 dividend. This represents a $2.39 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Thursday, October 31st. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 68.16%.

About Granite Real Estate Inc. Staple

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.