Desjardins Has Strong Forecast for TSE:GRT FY2025 Earnings

Granite Real Estate Investment Trust (TSE:GRT) – Analysts at Desjardins raised their FY2025 earnings estimates for Granite Real Estate Investment Trust in a note issued to investors on Sunday, November 10th. Desjardins analyst K. Stanley now expects that the real estate investment trust will post earnings of $5.71 per share for the year, up from their previous forecast of $5.67.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust has a 12 month low of C$30.78 and a 12 month high of C$38.97.

Granite Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.275 per share. The ex-dividend date was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of ∞.

About Granite Real Estate Investment Trust

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.