GRP.U FY2025 EPS Decreased by National Bank Financial

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Analysts at National Bank Financial decreased their FY2025 earnings estimates for Granite Real Estate Inc. Staple in a research note issued on Thursday, February 27th. National Bank Financial analyst M. Kornack now anticipates that the company will post earnings per share of $4.09 for the year, down from their prior forecast of $4.11. 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 $4.40 EPS.

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

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U opened at $46.53 on Monday. The firm has a 50-day moving average of $48.04 and a 200-day moving average of $52.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $2.92 billion and a PE ratio of 13.00. Granite Real Estate Inc. Staple has a 52-week low of $45.45 and a 52-week high of $65.63.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.1997 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is currently 32.85%.

Granite Real Estate Inc. Staple Company Profile

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.