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Granite Real Estate Investment Trust (GRT.UN)

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  • 88.600
  • +1.050+1.20%
15min DelayTrading Jan 23 14:05 ET
5.37BMarket Cap18.74P/E (TTM)

Granite Real Estate Investment Trust (GRT.UN) Income Statement

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(Q3)Sep 30, 2025
(Q2)Jun 30, 2025
(Q1)Mar 31, 2025
(FY)Dec 31, 2024
(Q4)Dec 31, 2024
(Q3)Sep 30, 2024
(Q2)Jun 30, 2024
(Q1)Mar 31, 2024
(FY)Dec 31, 2023
(Q4)Dec 31, 2023
Total revenue
7.83%153.01M
6.42%149.26M
11.31%154.67M
9.19%569.14M
14.01%148.04M
7.93%141.89M
7.62%140.26M
7.20%138.95M
14.41%521.25M
3.37%129.85M
Operating revenue
6.51%128.75M
5.93%125.11M
8.60%126.28M
7.68%478.15M
8.86%122.89M
8.48%120.88M
6.58%118.11M
6.77%116.27M
14.77%444.04M
8.48%112.89M
Excise taxes
-13.14%-15.71M
-12.45%-15.64M
-18.61%-16.24M
-9.24%-57.75M
-42.52%-16.26M
-1.00%-13.89M
2.34%-13.91M
-1.69%-13.69M
-9.79%-52.86M
26.82%-11.41M
Cost of revenue
15.82%25.86M
10.12%25.87M
18.74%29.02M
12.95%97.15M
35.90%26.9M
0.17%22.33M
7.93%23.49M
10.25%24.44M
14.35%86.01M
-14.69%19.79M
Gross profit
6.34%127.15M
5.68%123.4M
9.73%125.65M
8.44%471.99M
10.08%121.15M
9.52%119.57M
7.55%116.77M
6.57%114.51M
14.43%435.24M
7.46%110.05M
Operating expense
12.17%14.41M
43.29%10.34M
-9.98%8.78M
-13.72%36.73M
-29.28%6.92M
49.94%12.84M
-21.42%7.21M
-35.14%9.75M
37.03%42.57M
9.17%9.79M
Selling and administrative expenses
12.30%14.01M
33.16%9.94M
-9.44%8.37M
-9.83%36.34M
-22.49%7.16M
57.96%12.47M
-13.81%7.47M
-36.31%9.24M
40.91%40.3M
12.01%9.23M
-General and administrative expense
12.30%14.01M
33.16%9.94M
-9.44%8.37M
-9.83%36.34M
-22.49%7.16M
57.96%12.47M
-13.81%7.47M
-36.31%9.24M
40.91%40.3M
12.01%9.23M
Depreciation amortization depletion
-12.65%290K
-9.76%305K
6.44%314K
1.34%1.29M
-0.61%324K
7.10%332K
10.10%338K
-10.33%295K
-20.40%1.27M
-23.11%326K
-Depreciation and amortization
-12.65%290K
-9.76%305K
6.44%314K
1.34%1.29M
-0.61%324K
7.10%332K
10.10%338K
-10.33%295K
-20.40%1.27M
-23.11%326K
Other taxes
197.22%107K
115.25%90K
-56.07%94K
-190.15%-897K
-340.09%-557K
-89.94%36K
-378.30%-590K
10.88%214K
14.76%995K
-23.18%232K
Operating profit
5.64%112.74M
3.20%113.06M
11.56%116.87M
10.85%435.26M
13.92%114.22M
6.08%106.72M
10.23%109.55M
13.36%104.76M
12.42%392.67M
7.30%100.26M
Net non-operating interest income (expenses)
-13.03%-23.84M
-11.07%-23.32M
-11.10%-22.58M
-16.64%-82.83M
-10.44%-20.43M
-19.74%-21.09M
-14.44%-20.99M
-22.70%-20.32M
-43.91%-71.01M
-18.69%-18.5M
Non-operating interest income
-43.23%683K
-39.60%703K
-23.48%1.01M
-8.24%7.07M
-22.96%3.39M
-1.47%1.2M
33.95%1.16M
7.93%1.32M
374.34%7.71M
297.74%4.4M
Non-operating interest expense
6.12%22.74M
5.86%22.52M
9.19%22.65M
18.63%86.44M
4.28%22.98M
24.27%21.43M
23.03%21.28M
27.37%20.75M
61.26%72.86M
38.52%22.04M
Total other finance cost
106.76%1.77M
70.27%1.5M
4.35%935K
-40.83%3.46M
-2.58%831K
-45.87%858K
-54.22%878K
-40.15%896K
1.19%5.85M
9.50%853K
Other net income (expenses)
-192.71%-35.39M
496.85%16.49M
-547.61%-48.2M
120.93%40.32M
90.84%-4.47M
167.07%38.17M
67.84%-4.16M
114.54%10.77M
7.29%-192.66M
78.53%-48.74M
Gain on sale of security
-191.14%-35.39M
608.61%16.49M
-539.57%-48.2M
122.75%43.79M
94.33%-2.76M
168.41%38.83M
74.91%-3.24M
114.80%10.97M
7.36%-192.51M
78.53%-48.74M
Special income (charges)
--0
--0
--0
-2,261.22%-3.47M
---1.7M
-348.98%-660K
---913K
---197K
---147K
--0
-Less:Restructuring and mergern&acquisition
--0
--0
--0
2,261.22%3.47M
--1.7M
348.98%660K
--913K
--197K
--147K
--0
Income before tax
-56.77%53.52M
25.86%106.23M
-51.59%46.09M
204.45%392.76M
170.49%89.33M
374.62%123.81M
23.90%84.41M
5,278.98%95.21M
39.99%129.01M
122.14%33.03M
Income tax
-221.18%-14.5M
37.09%11.04M
-64.52%2.23M
425.37%30.87M
346.88%4.58M
248.21%11.96M
6.96%8.05M
163.01%6.28M
85.10%-9.49M
104.48%1.02M
Earnings from equity interest net of tax
Net income
-39.19%68.01M
24.67%95.19M
-50.67%43.86M
161.29%361.88M
164.84%84.76M
227.45%111.85M
26.01%76.36M
657.39%88.93M
-11.12%138.5M
125.33%32M
Net income continuous operations
-39.19%68.01M
24.67%95.19M
-50.67%43.86M
161.29%361.88M
164.84%84.76M
227.45%111.85M
26.01%76.36M
657.39%88.93M
-11.12%138.5M
125.33%32M
Noncontrolling interests
-98.46%4K
0.52%195K
107.30%13K
-30.59%1.27M
45.76%997K
-74.78%260K
110.37%194K
-108.95%-178K
3,296.30%1.83M
3,923.53%684K
Net income attributable to the company
-39.05%68.01M
24.73%95M
-50.79%43.85M
163.87%360.61M
167.44%83.76M
236.86%111.59M
21.92%76.16M
813.69%89.1M
-12.27%136.66M
124.79%31.32M
Preferred stock dividends
Other under preferred stock dividend
Net income attributable to common stockholders
-39.05%68.01M
24.73%95M
-50.79%43.85M
163.87%360.61M
167.44%83.76M
236.86%111.59M
21.92%76.16M
813.69%89.1M
-12.27%136.66M
124.79%31.32M
Diluted earnings per share
-36.94%1.1223
28.82%1.5574
-49.92%0.7039
166.52%5.7491
170.05%1.3349
242.23%1.7797
23.28%1.2089
818.01%1.4054
-11.78%2.1571
124.93%0.4943
Basic earnings per share
-36.95%1.1167
28.60%1.5497
-49.92%0.7016
166.52%5.7491
168.77%1.3286
241.67%1.7712
23.27%1.2051
818.00%1.401
-11.78%2.1571
124.93%0.4943
Dividend per share
3.02%0.8499
3.02%0.8499
3.02%0.8499
3.10%3.3083
3.08%0.8333
3.11%0.825
3.11%0.825
3.11%0.825
3.24%3.2087
3.20%0.8084
Accounting Standards
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
Audit Opinions
--
--
--
Unqualified Opinion
--
--
--
--
--
--
(Q3)Sep 30, 2025(Q2)Jun 30, 2025(Q1)Mar 31, 2025(FY)Dec 31, 2024(Q4)Dec 31, 2024(Q3)Sep 30, 2024(Q2)Jun 30, 2024(Q1)Mar 31, 2024(FY)Dec 31, 2023(Q4)Dec 31, 2023
Total revenue 7.83%153.01M6.42%149.26M11.31%154.67M9.19%569.14M14.01%148.04M7.93%141.89M7.62%140.26M7.20%138.95M14.41%521.25M3.37%129.85M
Operating revenue 6.51%128.75M5.93%125.11M8.60%126.28M7.68%478.15M8.86%122.89M8.48%120.88M6.58%118.11M6.77%116.27M14.77%444.04M8.48%112.89M
Excise taxes -13.14%-15.71M-12.45%-15.64M-18.61%-16.24M-9.24%-57.75M-42.52%-16.26M-1.00%-13.89M2.34%-13.91M-1.69%-13.69M-9.79%-52.86M26.82%-11.41M
Cost of revenue 15.82%25.86M10.12%25.87M18.74%29.02M12.95%97.15M35.90%26.9M0.17%22.33M7.93%23.49M10.25%24.44M14.35%86.01M-14.69%19.79M
Gross profit 6.34%127.15M5.68%123.4M9.73%125.65M8.44%471.99M10.08%121.15M9.52%119.57M7.55%116.77M6.57%114.51M14.43%435.24M7.46%110.05M
Operating expense 12.17%14.41M43.29%10.34M-9.98%8.78M-13.72%36.73M-29.28%6.92M49.94%12.84M-21.42%7.21M-35.14%9.75M37.03%42.57M9.17%9.79M
Selling and administrative expenses 12.30%14.01M33.16%9.94M-9.44%8.37M-9.83%36.34M-22.49%7.16M57.96%12.47M-13.81%7.47M-36.31%9.24M40.91%40.3M12.01%9.23M
-General and administrative expense 12.30%14.01M33.16%9.94M-9.44%8.37M-9.83%36.34M-22.49%7.16M57.96%12.47M-13.81%7.47M-36.31%9.24M40.91%40.3M12.01%9.23M
Depreciation amortization depletion -12.65%290K-9.76%305K6.44%314K1.34%1.29M-0.61%324K7.10%332K10.10%338K-10.33%295K-20.40%1.27M-23.11%326K
-Depreciation and amortization -12.65%290K-9.76%305K6.44%314K1.34%1.29M-0.61%324K7.10%332K10.10%338K-10.33%295K-20.40%1.27M-23.11%326K
Other taxes 197.22%107K115.25%90K-56.07%94K-190.15%-897K-340.09%-557K-89.94%36K-378.30%-590K10.88%214K14.76%995K-23.18%232K
Operating profit 5.64%112.74M3.20%113.06M11.56%116.87M10.85%435.26M13.92%114.22M6.08%106.72M10.23%109.55M13.36%104.76M12.42%392.67M7.30%100.26M
Net non-operating interest income (expenses) -13.03%-23.84M-11.07%-23.32M-11.10%-22.58M-16.64%-82.83M-10.44%-20.43M-19.74%-21.09M-14.44%-20.99M-22.70%-20.32M-43.91%-71.01M-18.69%-18.5M
Non-operating interest income -43.23%683K-39.60%703K-23.48%1.01M-8.24%7.07M-22.96%3.39M-1.47%1.2M33.95%1.16M7.93%1.32M374.34%7.71M297.74%4.4M
Non-operating interest expense 6.12%22.74M5.86%22.52M9.19%22.65M18.63%86.44M4.28%22.98M24.27%21.43M23.03%21.28M27.37%20.75M61.26%72.86M38.52%22.04M
Total other finance cost 106.76%1.77M70.27%1.5M4.35%935K-40.83%3.46M-2.58%831K-45.87%858K-54.22%878K-40.15%896K1.19%5.85M9.50%853K
Other net income (expenses) -192.71%-35.39M496.85%16.49M-547.61%-48.2M120.93%40.32M90.84%-4.47M167.07%38.17M67.84%-4.16M114.54%10.77M7.29%-192.66M78.53%-48.74M
Gain on sale of security -191.14%-35.39M608.61%16.49M-539.57%-48.2M122.75%43.79M94.33%-2.76M168.41%38.83M74.91%-3.24M114.80%10.97M7.36%-192.51M78.53%-48.74M
Special income (charges) --0--0--0-2,261.22%-3.47M---1.7M-348.98%-660K---913K---197K---147K--0
-Less:Restructuring and mergern&acquisition --0--0--02,261.22%3.47M--1.7M348.98%660K--913K--197K--147K--0
Income before tax -56.77%53.52M25.86%106.23M-51.59%46.09M204.45%392.76M170.49%89.33M374.62%123.81M23.90%84.41M5,278.98%95.21M39.99%129.01M122.14%33.03M
Income tax -221.18%-14.5M37.09%11.04M-64.52%2.23M425.37%30.87M346.88%4.58M248.21%11.96M6.96%8.05M163.01%6.28M85.10%-9.49M104.48%1.02M
Earnings from equity interest net of tax
Net income -39.19%68.01M24.67%95.19M-50.67%43.86M161.29%361.88M164.84%84.76M227.45%111.85M26.01%76.36M657.39%88.93M-11.12%138.5M125.33%32M
Net income continuous operations -39.19%68.01M24.67%95.19M-50.67%43.86M161.29%361.88M164.84%84.76M227.45%111.85M26.01%76.36M657.39%88.93M-11.12%138.5M125.33%32M
Noncontrolling interests -98.46%4K0.52%195K107.30%13K-30.59%1.27M45.76%997K-74.78%260K110.37%194K-108.95%-178K3,296.30%1.83M3,923.53%684K
Net income attributable to the company -39.05%68.01M24.73%95M-50.79%43.85M163.87%360.61M167.44%83.76M236.86%111.59M21.92%76.16M813.69%89.1M-12.27%136.66M124.79%31.32M
Preferred stock dividends
Other under preferred stock dividend
Net income attributable to common stockholders -39.05%68.01M24.73%95M-50.79%43.85M163.87%360.61M167.44%83.76M236.86%111.59M21.92%76.16M813.69%89.1M-12.27%136.66M124.79%31.32M
Diluted earnings per share -36.94%1.122328.82%1.5574-49.92%0.7039166.52%5.7491170.05%1.3349242.23%1.779723.28%1.2089818.01%1.4054-11.78%2.1571124.93%0.4943
Basic earnings per share -36.95%1.116728.60%1.5497-49.92%0.7016166.52%5.7491168.77%1.3286241.67%1.771223.27%1.2051818.00%1.401-11.78%2.1571124.93%0.4943
Dividend per share 3.02%0.84993.02%0.84993.02%0.84993.10%3.30833.08%0.83333.11%0.8253.11%0.8253.11%0.8253.24%3.20873.20%0.8084
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP
Audit Opinions ------Unqualified Opinion------------

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

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