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Granite Real Estate (TSE:GRT.UN)
TSX:GRT.UN
Earnings Data
Report Date
Mar 11, 2026After Close (Confirmed)
Period Ending
2025 (Q4)Consensus EPS Forecast
―Last Year’s EPS
1.33Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call highlighted Granite REIT's strong financial performance and leasing activity, with positive market conditions and increased distribution. However, the call also noted higher G&A expenses and capital expenditures, and challenges in the Greater Toronto Area. Overall, the highlights significantly outweigh the lowlights, indicating a positive sentiment.Company Guidance
Strong Financial Performance and Guidance Increase
Granite REIT posted Q3 2025 results ahead of Q2 and in line with management's annual forecast. FFO per unit in Q3 was $1.48, a 6.5% increase from Q2 '25, and a 9.6% increase relative to the same quarter in the prior year. Guidance for 2025 was increased, reflecting strong leasing activity and NOI growth.
Robust Leasing Activity
Over 400,000 square feet of new leases were executed in the quarter, and 6 leases were extended, totaling over 2.3 million square feet. The renewal increase was strong at 88% for Q3 expiries in key markets.
Positive Market Conditions
8 of 16 markets in North America reported flat or declining market vacancy from the second quarter, with all portfolio markets reporting positive net absorption. Markets like Houston and Nashville saw significant rent increases.
Strong Balance Sheet and Liquidity
Granite's balance sheet remains strong with investment properties totaling $9.1 billion. The trust's liquidity is approximately $1 billion, with significant cash on hand and an undrawn operating line.
Increased Distribution
Granite announced a $0.15 distribution increase, marking the 15th consecutive annual increase since its inception in 2011, supported by strong cash flow growth and a conservative capital structure.
TSE:GRT.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:GRT.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 05, 2025 | C$78.45 | C$77.97 | -0.61% |
Aug 06, 2025 | C$73.96 | C$74.66 | +0.95% |
May 07, 2025 | C$60.89 | C$62.46 | +2.58% |
Feb 26, 2025 | C$65.93 | C$64.09 | -2.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Granite Real Estate (TSE:GRT.UN) report earnings?
Granite Real Estate (TSE:GRT.UN) is schdueled to report earning on Mar 11, 2026, After Close (Confirmed).
What is Granite Real Estate (TSE:GRT.UN) earnings time?
Granite Real Estate (TSE:GRT.UN) earnings time is at Mar 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GRT.UN EPS forecast?
Currently, no data Available