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Realtime updates for Granite Real Estate [GRP-UN]

Exchange: NYSE Sector: Real Estate Industry: REIT—Industrial
Upcoming Earnings Alert

Quarter results tomorrow
(bmo 2024-05-09)

Expected move: +/- 1.66%

Last Updated8 May 2024 @ 10:56

-0.08% $ 50.57

Live Chart Being Loaded With Signals

Commentary (8 May 2024 @ 10:56):
Profile picture for Granite Real Estate Investment Trust

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe...

Stats
Today's Volume 500.00
Average Volume 15 473.00
Market Cap 3.21B
EPS $0 ( 2024-02-28 )
Next earnings date ( $0 ) 2024-05-09
Last Dividend $0.267 ( 2023-11-29 )
Next Dividend $0 ( N/A )
P/E 32.01
ATR14 $0 (0.00%)

Granite Real Estate Correlation

10 Most Positive Correlations
YSAC0.921
LXFR0.904
ARES0.882
ACEL0.875
EPD0.873
BUZZ0.866
CEQP-P0.865
GEL0.86
QLS0.859
BCO0.856
10 Most Negative Correlations
FORG-0.872
HIBS-0.833
NOC-0.823
CL-0.811
SCC-0.803

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Granite Real Estate Financials

Annual 2023
Revenue: $521.25M
Gross Profit: $435.24M (83.50 %)
EPS: $2.16
FY 2023
Revenue: $521.25M
Gross Profit: $435.24M (83.50 %)
EPS: $2.16
FY 2022
Revenue: $455.58M
Gross Profit: $380.36M (83.49 %)
EPS: $2.39
FY 2021
Revenue: $393.49M
Gross Profit: $332.68M (84.55 %)
EPS: $19.94

Financial Reports:

No articles found.

Granite Real Estate Dividends

(Q3/22) (Q4/22) (Q1/23) (Q2/23) (Q3/23) (Q4/23) (Q1/24) (Q2/24) (Q3/24) (Q4/24)
$0.775
(N/A)
$0.783
(N/A)
$0.800
(N/A)
$0.800
(N/A)
$0.800
(N/A)
$0.533
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)

Granite Real Estate Dividend Information - Dividend King

Dividend Sustainability Score: 9.14 - good (91.41%) | Divividend Growth Potential Score: 5.18 - Stable (3.66%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information
First Dividend $0.175 2013-01-29
Last Dividend $0.267 2023-11-29
Next Dividend $0 N/A
Payout Date 2023-12-15
Next Payout Date N/A
# dividends 130 --
Total Paid Out $28.97 --
Avg. Dividend % Per Year 3.33% --
Score 6.48 --
Div. Sustainability Score 9.14
Div.Growth Potential Score 5.18
Div. Directional Score 7.16 --
Next Divdend (Est)
(2024-07-01)
$0.270 Estimate 40.00 %
Dividend Stability
0.80 Very Good
Dividend Score
6.48
Pay Frequency
Monthly
Yearly Payout
Year Amount Yield
2013 $2.11 5.41%
2014 $2.02 5.60%
2015 $2.30 6.50%
2016 $2.43 8.67%
2017 $2.61 7.72%
2018 $2.73 6.89%
2019 $2.81 7.15%
2020 $2.91 5.88%
2021 $3.01 5.04%
2022 $3.11 3.71%
2023 $2.93 5.72%
2024 $0 0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NYSE

Symbol Title Last dividend Frequency Years Dividend Yearly Dividend Score
LOMA Dividend Knight 2023-06-30 Quarterly 2 5.23% 8.53
ZTR Dividend King 2024-02-09 Monthly 37 8.35% 8.50
PHK Dividend Royal 2023-11-10 Monthly 22 6.88% 8.50
PCF Dividend King 2023-12-18 Monthly 38 7.05% 8.50
SRV Dividend Royal 2023-12-04 Monthly 18 7.53% 8.50
PVL Dividend King 2023-11-15 Monthly 14 9.37% 8.50
KIO Dividend Royal 2023-12-14 Monthly 12 7.05% 8.50
NCV Dividend Royal 2024-02-09 Monthly 22 7.68% 8.50
SBR Dividend Royal 2023-11-14 Monthly 38 7.74% 8.50
SCM Dividend King 2023-12-15 Monthly 13 7.08% 8.50

Dividend Sustainability Score (DSS)

RatioActual ValueWeightNormalized ValueScoreRange
netProfitMarginTTM0.2621.5004.767.13[0 - 0.5]
returnOnAssetsTTM0.01511.2009.5010.00[0 - 0.3]
returnOnEquityTTM0.02541.500-0.828-1.243[0.1 - 1]
payoutRatioTTM1.492-1.00010.00-10.00[0 - 1]
currentRatioTTM0.3950.800-3.03-2.42[1 - 3]
quickRatioTTM0.3350.800-2.73-2.19[0.8 - 2.5]
cashRatioTTM0.3021.5009.4310.00[0.2 - 2]
debtRatioTTM0.342-1.5004.30-6.45[0 - 0.6]
interestCoverageTTM5.411.0009.119.11[3 - 30]
operatingCashFlowPerShareTTM4.922.008.3610.00[0 - 30]
freeCashFlowPerShareTTM4.912.007.5410.00[0 - 20]
debtEquityRatioTTM0.587-1.5007.65-10.00[0 - 2.5]
grossProfitMarginTTM0.8351.00010.0010.00[0.2 - 0.8]
operatingProfitMarginTTM0.7571.00010.0010.00[0.1 - 0.6]
cashFlowToDebtRatioTTM0.1011.000-0.550-0.550[0.2 - 2]
assetTurnoverTTM0.05750.800-2.95-2.36[0.5 - 2]
Total Score9.14

Dividend Growth Score (DGS)

RatioActual ValueWeightNormalized ValueScoreRange
peRatioTTM32.441.0006.820[1 - 100]
returnOnEquityTTM0.02542.50-0.533-1.243[0.1 - 1.5]
freeCashFlowPerShareTTM4.912.008.3610.00[0 - 30]
dividendYielPercentageTTM4.661.50010.000[0 - 0.4]
operatingCashFlowPerShareTTM4.922.008.3610.00[0 - 30]
payoutRatioTTM1.4921.50010.00-10.00[0 - 1]
pegRatioTTM0.1341.500-2.440[0.5 - 2]
operatingCashFlowSalesRatioTTM0.6011.00010.000[0.1 - 0.5]
Total Score5.18

Granite Real Estate

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 108 investment properties representing approximately 45.3 million square feet of leasable area.

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