Granite Real Estate Inc. Staple Expected to Post Q3 2024 Earnings of $1.01 Per Share (NYSE:GRP.U)

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Equities researchers at National Bank Financial issued their Q3 2024 earnings per share estimates for Granite Real Estate Inc. Staple in a report released on Tuesday, October 8th. National Bank Financial analyst M. Kornack forecasts that the company will post earnings of $1.01 per share for the quarter. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.89 per share.

Granite Real Estate Inc. Staple Stock Up 2.0 %

GRP.U opened at $57.40 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.37 and a quick ratio of 0.37. Granite Real Estate Inc. Staple has a 12 month low of $45.35 and a 12 month high of $65.63. The stock’s 50 day moving average price is $56.65 and its 200 day moving average price is $53.43. The stock has a market cap of $3.60 billion, a P/E ratio of 22.78 and a beta of 1.21.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a dividend of $0.204 per share. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Friday, September 27th. Granite Real Estate Inc. Staple’s payout ratio is currently 96.83%.

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.