GRP.U FY2025 EPS Estimate Lowered by National Bank Financial

Granite Real Estate Inc. Staple (NYSE:GRP.U) – National Bank Financial cut their FY2025 earnings per share estimates for Granite Real Estate Inc. Staple in a report issued on Thursday, January 23rd. National Bank Financial analyst M. Kornack now expects that the company will post earnings of $4.11 per share for the year, down from their prior forecast of $4.17. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.81 per share. National Bank Financial also issued estimates for Granite Real Estate Inc. Staple’s FY2026 earnings at $4.45 EPS.

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

Granite Real Estate Inc. Staple Stock Down 0.7 %

Granite Real Estate Inc. Staple stock opened at $48.34 on Monday. Granite Real Estate Inc. Staple has a fifty-two week low of $46.75 and a fifty-two week high of $65.63. The firm has a market capitalization of $3.03 billion and a PE ratio of 13.50. The company’s 50-day moving average is $50.17 and its 200-day moving average is $53.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

Granite Real Estate Inc. Staple (NYSE:GRP.U) last released its earnings results on Wednesday, November 6th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.31. Granite Real Estate Inc. Staple had a net margin of 55.97% and a return on equity of 5.71%. The business had revenue of $104.02 million during the quarter. During the same period last year, the business posted $0.92 EPS.

Granite Real Estate Inc. Staple Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.1967 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Friday, January 31st. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is presently 49.72%.

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.