Granite Real Estate Investment Trust (GRP-UN) Financials

NYSE:GRP-UN

Market Cap

3.57B

Total Revenue

455.58M

Gross Profit

380.36M

Operating Income

345.14M

Net Income

155.77M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	203,247,000	207,410,000	216,299,000	223,401,000	222,638,000	247,483,000	273,678,000	340,199,000	393,488,000	455,579,000
costOfRevenue	5,574,000	6,876,000	7,062,000	7,638,000	9,300,000	30,942,000	35,364,000	47,164,000	60,812,000	75,221,000
grossProfit	197,673,000	200,534,000	209,237,000	215,763,000	213,338,000	216,541,000	238,314,000	293,035,000	332,676,000	380,358,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	24,834,000	28,061,000	28,317,000	27,960,000	26,066,000	29,404,000	31,419,000	31,635,000	37,770,000	28,598,000
sellingGeneralAndAdministrativeExpenses	24,834,000	28,061,000	28,317,000	27,960,000	26,066,000	29,404,000	31,419,000	31,635,000	37,770,000	28,598,000
operatingExpenses	25,288,000	28,682,000	29,037,000	28,667,000	32,267,000	29,704,000	32,325,000	33,354,000	39,720,000	31,063,000
operatingIncome	149,308,000	147,885,000	161,454,000	187,096,000	180,852,000	216,541,000	238,314,000	259,824,000	292,195,000	345,136,000
totalOtherIncomeExpensesNet	-37,869,000	-75,733,000	70,242,000	160,808,000	209,566,000	350,946,000	186,628,000	239,195,000	1,258,644,000	-252,979,000
ebitda	172,572,000	143,866,000	181,010,000	176,008,000	181,727,000	188,156,000	211,664,000	260,975,000	293,515,000	346,734,000
depreciationAndAmortization	454,000	621,000	720,000	707,000	335,000	300,000	-26,650,000	1,151,000	1,320,000	1,598,000
interestIncome	322,000	420,000	286,000	318,000	540,000	2,638,000	9,613,000	2,372,000	3,109,000	1,625,000
interestExpense	20,318,000	23,940,000	18,836,000	19,712,000	19,792,000	18,544,000	27,772,000	33,610,000	39,393,000	45,183,000
incomeBeforeTax	113,931,000	72,152,000	231,696,000	328,317,000	371,166,000	518,008,000	424,942,000	499,019,000	1,550,839,000	92,157,000
incomeTaxExpense	-31,335,000	8,492,000	36,156,000	47,625,000	13,418,000	52,651,000	42,667,000	69,092,000	240,567,000	-63,665,000
netIncome	145,031,000	70,213,000	193,334,000	279,325,000	357,702,000	465,156,000	382,079,000	429,804,000	1,309,937,000	155,768,000
eps	3.09	1.49	4.11	5.93	7.63	10.18	7.8	6.97	20.47	2.39
epsdiluted	3.09	1.49	4.11	5.93	7.63	10.18	7.8	6.97	20.47	2.39
weightedAverageShsOut	46,945,000	47,001,000	47,017,000	47,123,000	46,903,000	45,685,229	49,000,000	61,688,189	64,000,000	65,200,000
weightedAverageShsOutDil	46,945,000	47,071,000	47,097,000	47,123,000	46,903,000	45,685,229	49,000,000	61,688,189	64,000,000	65,300,000
costAndExpenses	30,862,000	35,558,000	36,099,000	36,305,000	41,567,000	60,646,000	67,689,000	80,518,000	100,532,000	106,284,000
otherExpenses	454,000	-28,580,000	720,000	-11,920,000	6,201,000	2,250,000	906,000	1,719,000	1,950,000	2,465,000

Key Facts

Industry

REIT—Industrial

Sector

Real Estate

Headquarters

Toronto, ON, CA

Website

granitereit.com

CEO

Mr. Kevan S. Gorrie ICD.D, P. Eng

Employees

About the Company

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.