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Commentary (26 Apr 2024 @ 16:00):

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	124 557
Average Volume	85 780.00
Market Cap	4.40B
EPS	$0 ( 2024-02-27 )
Next earnings date	( $0 ) 2024-05-07
Last Dividend	$0.267 ( 2023-08-30 )
Next Dividend	$0 ( N/A )
P/E	32.16
ATR14	$0.0360 (0.05%)

Volume Correlation

Long: 0.06 (neutral)

Short: -0.37 (neutral)

Signal:(59.72) Neutral

Granite Real Estate Correlation

10 Most Positive Correlations

10 Most Negative Correlations

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 Correlation - Currency/Commodity

-0.11
( neutral )

-0.12
( neutral )

0.00
( neutral )

-0.17
( neutral )

-0.13
( neutral )

0.09
( neutral )

Granite Real Estate Financials

Annual	2023
Revenue:	$521.25M
Gross Profit:	$435.24M (83.50 %)
EPS:	$2.15

FY	2023
Revenue:	$521.25M
Gross Profit:	$435.24M (83.50 %)
EPS:	$2.15

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)
$0.774 (N/A)	$0.783 (N/A)	$0.801 (N/A)	$0.801 (N/A)	$0.534 (N/A)	$0 (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 (91.42%) | Divividend Growth Potential Score: 6.44 - Stable (28.78%)

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	$0.112	2005-03-29
Last Dividend	$0.267	2023-08-30
Next Dividend	$0	N/A
Payout Date	2023-09-15
Next Payout Date	N/A
# dividends	158	--
Total Paid Out	$34.59	--
Avg. Dividend % Per Year	2.17%	--
Score	6.21	--
Div. Sustainability Score	9.14
Div.Growth Potential Score	6.44
Div. Directional Score	7.79	--

Next Divdend (Est)
(2024-07-23)

$0 Estimate 22.19 %

Dividend Stability

0.59 Average

Dividend Score

6.21

Pay Frequency

Monthly

Yearly Payout

Year	Amount	Yield
2005	$0	0.00%
2006	$0	0.00%
2007	$0	0.00%
2008	$0	0.00%
2009	$0	0.00%
2010	$0	0.00%
2011	$0	0.00%
2012	$0	0.00%
2013	$0	0.00%
2014	$0	0.00%
2015	$0	0.00%
2016	$0	0.00%
2017	$0	0.00%
2018	$3.03	5.32%
2019	$2.81	5.22%
2020	$2.67	4.15%
2021	$2.76	3.60%
2022	$3.11	2.99%
2023	$2.14	3.06%
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 TSX

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
WEF.TO	Dividend Junior	2023-08-24	Quarterly	12	1.91%
NXR-UN.TO	Dividend King	2023-09-28	Monthly	4	3.05%
EDGE.TO	Dividend Junior	2023-06-29	Quarterly	7	0.03%
ZFL.TO	Dividend Knight	2023-08-29	Monthly	15	1.72%
STPL.TO	Dividend Junior	2023-06-28	Quarterly	8	1.19%
HUTL.TO	Dividend King	2023-08-30	Monthly	6	4.32%
CEU.TO	Dividend King	2023-09-28	Semi-Annually	18	1.73%
XEB.TO	Dividend King	2023-08-25	Monthly	13	2.01%
PLZ-UN.TO	Dividend King	2023-09-28	Monthly	23	3.62%
FCCQ.TO	Dividend Junior	2023-06-27	Quarterly	6	1.24%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.262	1.500	4.76	7.13	[0 - 0.5]
returnOnAssetsTTM	0.0151	1.200	9.50	10.00	[0 - 0.3]
returnOnEquityTTM	0.0254	1.500	-0.828	-1.243	[0.1 - 1]
payoutRatioTTM	1.492	-1.000	10.00	-10.00	[0 - 1]
currentRatioTTM	0.395	0.800	-3.03	-2.42	[1 - 3]
quickRatioTTM	0.336	0.800	-2.73	-2.18	[0.8 - 2.5]
cashRatioTTM	0.302	1.500	9.43	10.00	[0.2 - 2]
debtRatioTTM	0.342	-1.500	4.30	-6.45	[0 - 0.6]
interestCoverageTTM	5.41	1.000	9.11	9.11	[3 - 30]
operatingCashFlowPerShareTTM	4.92	2.00	8.36	10.00	[0 - 30]
freeCashFlowPerShareTTM	4.92	2.00	7.54	10.00	[0 - 20]
debtEquityRatioTTM	0.587	-1.500	7.65	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.835	1.000	10.00	10.00	[0.2 - 0.8]
operatingProfitMarginTTM	0.757	1.000	10.00	10.00	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.101	1.000	-0.550	-0.550	[0.2 - 2]
assetTurnoverTTM	0.0575	0.800	-2.95	-2.36	[0.5 - 2]
Total Score				9.14

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	31.96	1.000	6.87	0	[1 - 100]
returnOnEquityTTM	0.0254	2.50	-0.533	-1.243	[0.1 - 1.5]
freeCashFlowPerShareTTM	4.92	2.00	8.36	10.00	[0 - 30]
dividendYielPercentageTTM	4.71	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	4.92	2.00	8.36	10.00	[0 - 30]
payoutRatioTTM	1.492	1.500	10.00	-10.00	[0 - 1]
pegRatioTTM	1.115	1.500	5.90	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.601	1.000	10.00	0	[0.1 - 0.5]
Total Score				6.44

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.