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GRP-UN 
Granite Real Estate Investment Trust (GRP-UN)
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Upturn Advisory Summary
04/01/2025: GRP-UN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -17.54% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.92B USD | Price to earnings Ratio 11.7 | 1Y Target Price 64.65 |
Price to earnings Ratio 11.7 | 1Y Target Price 64.65 | ||
Volume (30-day avg) 14835 | Beta 1.18 | 52 Weeks Range 43.81 - 64.08 | Updated Date 04/1/2025 |
52 Weeks Range 43.81 - 64.08 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 5.05% | Basic EPS (TTM) 4 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 63.42% | Operating Margin (TTM) 78.28% |
Management Effectiveness
Return on Assets (TTM) 2.91% | Return on Equity (TTM) 6.57% |
Valuation
Trailing PE 11.7 | Forward PE 11.72 | Enterprise Value 4978855545 | Price to Sales(TTM) 5.13 |
Enterprise Value 4978855545 | Price to Sales(TTM) 5.13 | ||
Enterprise Value to Revenue 12.58 | Enterprise Value to EBITDA 14.91 | Shares Outstanding 62265800 | Shares Floating 62465203 |
Shares Outstanding 62265800 | Shares Floating 62465203 | ||
Percent Insiders 0.33 | Percent Institutions 72.36 |
Analyst Ratings
Rating 5 | Target Price 65.34 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Granite Real Estate Investment Trust
Company Overview
History and Background
Granite REIT was established in 2003, focusing on industrial properties. Initially tied to Magna International, it has diversified its portfolio and tenant base over time.
Core Business Areas
- Industrial Real Estate: Owns, develops, and manages primarily industrial, warehouse, and logistics properties. This includes specialized manufacturing and distribution facilities.
Leadership and Structure
Granite is led by a CEO and senior management team, with oversight from a Board of Trustees. The structure emphasizes property management and investment.
Top Products and Market Share
Key Offerings
- Industrial Properties: Focuses on acquiring, developing and managing industrial real estate. Market share data is difficult to pinpoint precisely, but its strength lies in mission-critical properties for advanced manufacturing, e-commerce and logistics. Competitors include Prologis (PLD) and Duke Realty (DRE) (now owned by Prologis).
Market Dynamics
Industry Overview
The industrial real estate market is currently robust, driven by e-commerce growth, supply chain optimization, and increased onshoring/nearshoring. Demand is strong, and vacancy rates are generally low, although some markets are seeing increased supply.
Positioning
Granite REIT is positioned as a provider of mission-critical industrial properties, particularly for manufacturing and logistics. Its competitive advantage lies in its specialization and geographic diversification.
Total Addressable Market (TAM)
The total addressable market for industrial real estate is valued in the trillions globally. Granite REIT is positioned to capture a portion of this market through strategic acquisitions and development projects. It benefits from the overall market growth driven by e-commerce and supply chain trends.
Upturn SWOT Analysis
Strengths
- High-quality industrial portfolio
- Diversified tenant base
- Strong balance sheet
- Experienced management team
- Geographic diversification
Weaknesses
- Concentration in specific industries (e.g., automotive)
- Reliance on key tenants
- Exposure to economic cycles
Opportunities
- Acquisitions of strategic properties
- Development of new facilities
- Expansion into new geographic markets
- Increasing demand from e-commerce and logistics sectors
Threats
- Economic downturns
- Rising interest rates
- Increased competition
- Supply chain disruptions
- Changes in government regulations
Competitors and Market Share
Key Competitors
- PLD
- PSA
- EQIX
- ARE
Competitive Landscape
Granite's advantage lies in its focus on specialized industrial properties. Its disadvantage is its smaller scale compared to larger REITs like Prologis.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Granite has demonstrated steady growth through acquisitions, development, and organic rent increases.
Future Projections: Future growth is expected to be driven by continued demand for industrial space and strategic capital allocation. Analyst estimates vary but generally project continued growth in revenue and FFO.
Recent Initiatives: Recent initiatives include acquisitions in key markets, development of new logistics facilities, and sustainability initiatives.
Summary
Granite REIT is a well-managed industrial REIT with a strong portfolio and a history of growth. Its focus on mission-critical properties provides stability, but it faces risks from economic cycles and competition. The company is well-positioned to benefit from continued demand for industrial space.
Similar Companies
- PLD
- PSA
- EQIX
- ARE
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Granite Real Estate Investment Trust
Exchange NYSE | Headquaters Toronto, ON, Canada | ||
IPO Launch date - | President, CEO & Trustee Mr. Kevan S. Gorrie ICD.D, P. Eng | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 70 | Website https://www.granitereit.com |
Full time employees 70 | Website https://www.granitereit.com | ||
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 143 investment properties representing approximately 63.3 million square feet of gross leasable area.
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