Granite Real Estate Investment Trust

Granite Real Estate Investment Trustverified

GRT-UN.TO

Price:

$81.6

Market Cap:

$5.12B

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 108 investment properties representing approximately 45.3 million square feet of leasable area.[Read more]

Industry

REIT - Industrial

IPO Date

2004-12-01

Stock Exchange

TSX

Ticker

GRT-UN.TO

The Current Ratio as of September 2024 (TTM) for Granite Real Estate Investment Trust (GRT-UN.TO) is 0.35

According to Granite Real Estate Investment Trust’s latest financial reports and current stock price. The company's current Current Ratio is 0.35. This represents a change of -8.56% compared to the average of 0.38 of the last 4 quarters.

Granite Real Estate Investment Trust (GRT-UN.TO) Historical Current Ratio (quarterly & annually)

How has GRT-UN.TO Current Ratio performed in the past?

The mean historical Current Ratio of Granite Real Estate Investment Trust over the last ten years is 2.88. The current 0.35 Current Ratio has changed 1.12% with respect to the historical average. Over the past ten years (40 quarters), GRT-UN.TO's Current Ratio was at its highest in in the December 2018 quarter at 8.39. The Current Ratio was at its lowest in in the March 2023 quarter at 0.26.

Quarterly (TTM)
Annual

Average

2.88

Median

2.61

Minimum

0.39

Maximum

8.39

Granite Real Estate Investment Trust (GRT-UN.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Granite Real Estate Investment Trust Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 243.28%

Maximum Annual Current Ratio = 8.39

Minimum Annual Increase = -85.07%

Minimum Annual Current Ratio = 0.39

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.39-10.69%
20220.44-85.07%
20212.9630.85%
20202.26-40.19%
20193.78-54.91%
20188.39108.59%
20174.02-6.19%
20164.29243.28%
20151.2527.66%
20140.98-0.19%

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

How has GRT-UN.TO Current Ratio performed in the past?

The current Current Ratio of Granite Real Estate Investment Trust (GRT-UN.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.27

5-year avg

1.97

10-year avg

2.88

Granite Real Estate Investment Trust (GRT-UN.TO) Current Ratio vs. Peers

How is GRT-UN.TO’s Current Ratio compared to its peers?

Granite Real Estate Investment Trust’s Current Ratio is less than Canadian Apartment Properties Real Estate Investment Trust (0.36), less than Dream Industrial Real Estate Investment Trust (0.37), less than Allied Properties Real Estate Investment Trust (0.45), greater than Killam Apartment REIT (0.10), greater than InterRent Real Estate Investment Trust (0.05),

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