National Bank Financial Forecasts GRP.U Q1 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Analysts at National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for Granite Real Estate Inc. Staple in a research note issued on Sunday, April 13th. National Bank Financial analyst M. Kornack forecasts that the company will post earnings of $0.99 per share for the quarter. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.81 per share.

Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 16th.

Granite Real Estate Inc. Staple Stock Performance

Shares of GRP.U opened at $44.12 on Tuesday. The firm’s 50 day moving average price is $46.27 and its two-hundred day moving average price is $50.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. Granite Real Estate Inc. Staple has a twelve month low of $38.37 and a twelve month high of $65.63. The firm has a market cap of $2.75 billion and a P/E ratio of 12.32.

Granite Real Estate Inc. Staple Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.1981 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.38 annualized dividend and a yield of 5.39%. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 28.06%.

About Granite Real Estate Inc. Staple

Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing.