Granite Real Estate Investment Trust (GRP-UN) Earnings History
Annual and quarterly earnings data from 2001 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 82.9% | 76.5% | 63.4% |
| 2023 | 83.5% | 75.3% | 26.2% |
| 2022 | 83.5% | 76.7% | 34.2% |
| 2021 | 84.5% | 74.5% | 332.9% |
| 2020 | 86.1% | - | 126.3% |
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Granite Real Estate Investment Trust (GRP-UN) Earnings Overview
As of February 28, 2026, Granite Real Estate Investment Trust (GRP-UN) reported trailing twelve-month net income of $291M, reflecting +1.7% year-over-year growth. The company earned $4.74 per diluted share over the past four quarters, with a net profit margin of 0.6%.
Looking at the long-term picture, GRP-UN's 5-year EPS compound annual growth rate (CAGR) stands at -6.0%, signaling declining earnings. The company achieved its highest annual net income of $1.31B in fiscal 2021.
Granite Real Estate Investment Trust maintains positive profitability with a gross margin of 0.8%, operating margin of 0.8%, and net margin of 0.6%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including PLD ($3.21B net income, 0.5% margin), EGP ($248M net income, 0.4% margin), REXR ($334M net income, 0.3% margin), GRP-UN has outperformed on profitability metrics. Compare GRP-UN vs PLD →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
24 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $361M | +163.9% | $435M | $5.71 | 63.4% | 76.5% |
| 2023 | $137M | -12.3% | $393M | $2.14 | 26.2% | 75.3% |
| 2022 | $156M | -88.1% | $349M | $2.39 | 34.2% | 76.7% |
| 2021 | $1.31B | +204.8% | $293M | $20.47 | 332.9% | 74.5% |
| 2020 | $430M | +12.5% | $0 | $7.58 | 126.3% | - |
| 2019 | $382M | -17.9% | $206M | $7.80 | 140.0% | 75.7% |
| 2018 | $465M | +30.0% | $217M | $10.18 | 188.0% | 87.5% |
| 2017 | $358M | +28.1% | $181M | $7.63 | 160.7% | 81.2% |
| 2016 | $279M | +44.5% | $187M | $5.93 | 125.0% | 83.7% |
| 2015 | $193M | +175.4% | $161M | $4.11 | 89.4% | 74.6% |
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Start ComparisonFrequently Asked Questions
Is GRP-UN growing earnings?
GRP-UN EPS of $4.74 reflects slowing growth at +1.7%, below the 5-year CAGR of -6.0%. TTM net income is $291M. Expansion rate has moderated.
What are GRP-UN's profit margins?
Granite Real Estate Investment Trust net margin is +0.6%, with operating margin at +0.8%. Below-average margins reflect competitive or cost pressures.
How consistent are GRP-UN's earnings?
GRP-UN earnings data spans 2001-2024. The current earnings trend is +1.7% YoY. Historical data enables comparison across business cycles.