Last C$40.73 CAD
Change Today -0.01 / -0.02%
Volume 8.4K
As of 10:30 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

granite real estate investme (GRT-U) Snapshot

Open
C$40.83
Previous Close
C$40.74
Day High
C$40.87
Day Low
C$40.73
52 Week High
04/30/14 - C$42.79
52 Week Low
08/7/13 - C$33.89
Market Cap
1.9B
Average Volume 10 Days
58.0K
EPS TTM
C$2.54
Shares Outstanding
47.0M
EX-Date
07/29/14
P/E TM
16.0x
Dividend
C$2.20
Dividend Yield
5.29%
Current Stock Chart for GRANITE REAL ESTATE INVESTME (GRT-U)

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granite real estate investme (GRT-U) Details

Granite Real Estate Investment Trust is primarily engaged in the ownership and management of industrial, warehouse, and logistics properties in North America and Europe. The company’s properties consist of light industrial properties, heavy industrial manufacturing facilities, corporate offices, warehouse and logistics properties, product development and engineering centers, and test facilities in Canada, the United States, Mexico, Austria, Germany, the Netherlands, the Czech Republic, the United Kingdom, and Spain. As of March 17, 2014, it owned approximately 100 properties with approximately 32 million square feet of area. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Granite Real Estate Investment Trust was founded in 1998 and is headquartered in Toronto, Canada.

58 Employees
Last Reported Date: 03/5/14
Founded in 1998

granite real estate investme (GRT-U) Top Compensated Officers

Chief Executive Officer and Trustee
Total Annual Compensation: C$500.0K
Chief Financial Officer
Total Annual Compensation: C$420.0K
Executive Vice-President of Real Estate Inves...
Total Annual Compensation: C$400.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: C$385.0K
Executive Vice President of Real Estate Portf...
Total Annual Compensation: C$375.0K
Compensation as of Fiscal Year 2013.

granite real estate investme (GRT-U) Key Developments

Granite REIT Declares Monthly Distribution Payable on August 15, 2014

Granite Real Estate Investment Trust announced that its board of trustees has declared a distribution on Granite's stapled units of CAD 0.183 per stapled unit. The distribution will be paid by Granite on August 15, 2014 to stapled unitholders of record at the close of trading on July 31, 2014. The stapled units will begin trading on an ex-dividend basis at the opening of trading on July 29, 2014 on the Toronto Stock Exchange and the New York Stock Exchange.

Granite Real Estate Investment Trust Declares Monthly Distribution, Payable on July 15, 2014

Granite Real Estate Investment Trust has declared a distribution on Granite's stapled units of CAD 0.183 per stapled unit. The distribution will be paid by Granite on July 15, 2014 to stapled unitholders of record at the close of trading on June 30, 2014.

Granite Real Estate Investment Trust and Granite REIT Inc. Consider Possible Early Redemption of the Outstanding $265 Million 6.05% Debentures Due December 2016

Granite Real Estate Investment Trust and Granite REIT Inc. announced that in connection with the consideration of a possible early redemption of the outstanding $265 million 6.05% debentures due December 2016 its wholly owned subsidiary Granite REIT Holdings Limited Partnership is considering a debenture offering pursuant to its base shelf prospectus. Should an offering be completed, Granite intends to use the net proceeds to redeem part of the 2016 Debentures.

 

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Skanska AB kr148.90 SEK -1.20
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Industry Analysis

GRT-U

Industry Average

Valuation GRT-U Industry Range
Price/Earnings 30.1x
Price/Sales 9.3x
Price/Book 1.2x
Price/Cash Flow 29.9x
TEV/Sales 6.2x

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