Granite Real Estate Investment Trust
Granite Real Estate Investment Trust (GRP-UN) Financial Performance & Income Statement Overview
Explore the financials of Granite Real Estate Investment Trust (GRP-UN), including yearly and quarterly data on income, cash flow, and balance sheets.
Granite Real Estate Investment Trust (GRP-UN) Income Statement & Financial Overview
Analyze Granite Real Estate Investment Trust’s GRP-UN earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $154.66M | $148.04M | $141.89M | $140.26M |
| Cost of Revenue | $29.02M | $26.90M | $22.33M | $23.83M |
| Gross Profit | $125.65M | $121.14M | $119.56M | $116.43M |
| Gross Profit Ratio | $0.81 | $0.82 | $0.84 | $0.83 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $8.37M | $7.16M | $12.47M | $7.47M |
| Operating Expenses | $8.78M | $6.92M | $119.56M | $7.21M |
| Total Costs & Expenses | $37.79M | $33.82M | $141.89M | $30.70M |
| Interest Income | $1.01M | $3.39M | $1.20M | $1.16M |
| Interest Expense | $22.65M | $22.98M | $21.43M | $21.28M |
| Depreciation & Amortization | $314000.00 | $324000.00 | $332000.00 | $338000.00 |
| EBITDA | $69.06M | $112.64M | $145.57M | $107.36M |
| EBITDA Ratio | $0.45 | $0.76 | $1.03 | $0.77 |
| Operating Income | $116.87M | $114.22M | $106.72M | $109.88M |
| Operating Income Ratio | $0.76 | $0.77 | $0.75 | $0.78 |
| Other Income/Expenses (Net) | -$70.78M | -$24.89M | $17.09M | -$25.47M |
| Income Before Tax | $46.09M | $89.33M | $123.81M | $84.41M |
| Income Before Tax Ratio | $0.30 | $0.60 | $0.87 | $0.60 |
| Income Tax Expense | $2.23M | $4.58M | $11.96M | $8.05M |
| Net Income | $43.85M | $83.76M | $111.59M | $76.16M |
| Net Income Ratio | $0.28 | $0.57 | $0.79 | $0.54 |
| EPS | $0.70 | $1.34 | $1.78 | $1.21 |
| Diluted EPS | $0.70 | $1.33 | $1.77 | $1.21 |
| Weighted Avg Shares Outstanding | $62.30M | $62.70M | $62.70M | $63.00M |
| Weighted Avg Shares Outstanding (Diluted) | $62.50M | $63.00M | $63.00M | $63.20M |
The company's financials show resilient growth, with revenue advancing from $140.26M in Q2 2024 to $154.66M in Q1 2025. Gross profit remained healthy with margins at 81% in Q1 2025 compared to 83% in Q2 2024. Operating income hit $116.87M last quarter, sustaining a consistent 76% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $69.06M. Net income dropped to $43.85M, while earnings per share reached $0.70. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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