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Granite Real Estate Investment Trust (GRT-UN.TO)

Granite Real Estate Investment Trust (GRT-UN.TO)
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Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 569,139 521,250 455,579 393,488 340,199
Sales Growth +9.19% +14.41% +15.78% +15.66% +24.31%
Net Income 360,609 136,662 155,768 1,309,937 429,804
Net Income Growth +163.87% -12.27% -88.11% +204.78% +12.49%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 9,619,745 9,066,377 9,280,354 8,566,697 6,747,472
Total Assets Growth +6.10% -2.31% +8.33% +26.96% +40.46%
Total Liabilities 3,883,116 3,782,736 3,800,007 3,245,163 2,825,268
Total Liabilities Growth +2.65% -0.45% +17.10% +14.86% +70.62%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow 338,609 313,181 277,496 262,264 244,321
Operating Cash Flow Growth +8.12% +12.86% +5.81% +7.34% +33.20%
Net Cash Flow 5,654 -18,056 -274,501 -429,685 535,696
Change in Net Cash Flow +131.31% +93.42% +36.12% -180.21% +253.43%
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