GRP-UN Company Profile and Key Details

Granite Real Estate Investment Trust (NYSE:GRP-UN) closed at $59.19 USD, losing -$0.45 (-0.75%) from the previous close of $59.64. The stock is currently within 5% of its 52-week high $38.37 and $60.16. With a market capitalization of about $3.59 billion, Granite Real Estate Investment Trust is classified as a mid-cap and shows higher-than-market volatility (beta ~1.46). Key stats such as the average daily volume over the past year has been around 6.51 thousand shares, volume is running light vs its 52-week average. Headquartered in Toronto, ON, Granite Real Estate Investment Trust operates in the Real Estate sector and the REIT - Industrial industry. Led by CEO Kevan S. Gorrie, the company employs approximately 70 people and listed since January 04, 2013. Granite Real Estate Investment Trust, a Canadian entity, manages a portfolio of 108 investment properties spanning approximately 45.3 million square feet of leasable industrial real estate.

Granite Real Estate Investment Trust last paid a dividend of 2.42 per share, this equals a trailing yield of roughly 7.2%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $77.43. This means the shares are trading below this model’s fair value.

Granite Real Estate Investment Trust trades at a P/E ratio of 24.62, slightly below the S&P 500 average, with a price-to-sales ratio of 11.0 and a price-to-book ratio of 0.92 suggesting the stock is closer to book value. The P/FCF stands at 16.56, also above market averages.

Valuation shows Granite Real Estate Investment Trust trading at a premium to the broader market with a P/E of 24.62.

Our AI price prediction model suggests that Granite Real Estate Investment Trust stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term.