Last 47 quarters of trend data · Real Estate · REIT - Industrial
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Granite Real Estate Investment Trust's quarterly P/E stands at 12.6x, up 45.4% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 8.4% YoY to 14.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.60 | 12.55 | 8.18 | 16.72 | 9.12 | 8.63 | 10.25 | 10.22 | 29.44 | 25.50 | 15.05 | 103.27 | — |
| — | +45.4% | -20.2% | +63.6% | -69.0% | -66.2% | -31.9% | -90.1% | — | — | — | +3947.7% | — | |
| P/S Ratio | 9.48 | 5.58 | 5.21 | 4.73 | 5.16 | 6.78 | 5.59 | 6.55 | 7.09 | 6.45 | 7.23 | 7.64 | 6.48 |
| — | -17.7% | -6.8% | -27.8% | -27.2% | +5.2% | -22.7% | -14.2% | +9.3% | -9.5% | -21.2% | -34.7% | -50.1% | |
| P/B Ratio | 0.98 | 0.62 | 0.58 | 0.52 | 0.53 | 0.71 | 0.58 | 0.67 | 0.70 | 0.63 | 0.70 | 0.73 | 0.59 |
| — | -12.3% | -0.2% | -23.5% | -23.5% | +12.5% | -17.8% | -7.0% | +17.2% | +13.0% | -1.9% | -18.4% | -42.2% | |
| P/FCF | 15.95 | 7.01 | 10.68 | 6.72 | 10.74 | 9.03 | 10.21 | 10.85 | 12.13 | 9.94 | 13.91 | 11.79 | 12.43 |
| — | -22.4% | +4.5% | -38.1% | -11.4% | -9.2% | -26.6% | -8.0% | -2.5% | -2.4% | -13.3% | -34.6% | -51.2% | |
| EV / EBITDA | 19.21 | 14.63 | 13.75 | 12.65 | 13.19 | 15.97 | 14.02 | 15.75 | 16.56 | 36.43 | 16.88 | 18.62 | 16.43 |
| — | -8.4% | -2.0% | -19.7% | -20.4% | -56.1% | -16.9% | -15.4% | +0.8% | +114.5% | -10.6% | -15.3% | -35.1% | |
| EV / EBIT | 19.26 | 21.43 | 12.10 | 21.57 | 13.46 | 11.77 | 14.58 | 14.27 | 30.26 | 36.69 | 16.98 | 18.75 | 16.57 |
| — | +82.0% | -17.0% | +51.1% | -55.5% | -67.9% | -14.1% | -23.9% | +82.7% | +113.6% | -10.8% | -15.5% | -35.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Granite Real Estate Investment Trust's operating margin was 73.9% in Q3 2025, down 1.9 pp QoQ and down 1.3 pp YoY. The trailing four-quarter average of 75.6% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.9% | 83.1% | 82.7% | 81.2% | 81.8% | 84.3% | 83.3% | 82.4% | 84.8% | 83.0% | 83.3% | 82.9% | 81.5% |
| — | -1.4% | -0.7% | -1.4% | -3.5% | +1.5% | -0.1% | -0.6% | +4.0% | -1.3% | -1.5% | -1.3% | -0.5% | |
| Operating Margin | 76.5% | 73.9% | 75.7% | 75.6% | 77.2% | 75.2% | 78.1% | 75.4% | 77.2% | — | 76.5% | 71.6% | 74.7% |
| — | -1.8% | -3.0% | +0.2% | -0.1% | — | +2.1% | +5.4% | +3.4% | — | -3.2% | -6.1% | +6.1% | |
| Net Margin | 63.4% | 44.4% | 63.6% | 28.4% | 56.6% | 78.6% | 54.3% | 64.1% | 24.1% | 25.2% | 47.9% | 7.5% | -100.6% |
| — | -43.5% | +17.2% | -55.8% | +134.6% | +212.1% | +13.3% | +752.3% | +124.0% | +130.2% | +143.0% | -98.4% | -131.0% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 1.2% | 1.7% | 0.8% | 1.5% | 2.0% | 1.4% | 1.7% | 0.6% | 0.6% | 1.2% | 0.2% | -2.3% |
| — | -39.2% | +22.0% | -53.9% | +155.4% | +233.3% | +21.9% | +835.7% | +126.0% | +137.5% | +153.5% | -98.0% | -134.2% | |
| ROA | 3.9% | 0.7% | 1.0% | 0.5% | 0.9% | 1.2% | 0.8% | 1.0% | 0.3% | 0.4% | 0.7% | 0.1% | -1.3% |
| — | -40.7% | +20.8% | -53.2% | +158.2% | +232.8% | +21.3% | +826.0% | +125.6% | +136.1% | +150.2% | -98.1% | -132.9% | |
| ROIC | 3.8% | 1.0% | 1.0% | 1.0% | 1.0% | 0.9% | 1.0% | 0.9% | 0.9% | — | 0.9% | 0.8% | 0.8% |
| — | +3.8% | +1.0% | +6.7% | +10.4% | — | +9.5% | +14.3% | +8.9% | — | +10.4% | +2.0% | +5.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Granite Real Estate Investment Trust's Debt/EBITDA ratio is 29.5x, up from 28.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 1005.3% YoY to 1.82x, strengthening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.61 | 0.59 | 0.55 | 0.54 | 0.57 | 0.58 | 0.58 | 0.59 | 0.58 | 0.58 | 0.57 | 0.56 |
| — | +5.8% | +3.3% | -4.7% | -7.5% | -1.1% | -0.3% | +2.1% | +4.8% | +7.9% | +20.0% | +31.1% | +21.2% | |
| Debt / EBITDA | 7.13 | 29.48 | 28.33 | 26.68 | 27.18 | 29.18 | 28.48 | 29.70 | 30.81 | 71.67 | 31.00 | 33.20 | 32.58 |
| — | +1.0% | -0.5% | -10.2% | -11.8% | -59.3% | -8.1% | -10.5% | -5.4% | +105.3% | -0.3% | +11.9% | -1.4% | |
| Current Ratio | 1.07 | 1.82 | 2.81 | 0.93 | 1.07 | 0.17 | 0.35 | 0.45 | 0.39 | 0.33 | 0.30 | 0.26 | 0.44 |
| — | +1005.3% | +702.8% | +103.9% | +172.4% | -50.2% | +16.7% | +75.0% | -10.7% | -84.2% | -87.3% | -86.8% | -85.1% | |
| Quick Ratio | 1.07 | 1.82 | 2.81 | 0.93 | 1.07 | 0.17 | 0.35 | 0.45 | 0.39 | 0.33 | 0.30 | 0.26 | 0.44 |
| — | +1005.3% | +702.8% | +103.9% | +172.4% | -50.2% | +16.7% | +75.0% | -10.7% | -84.2% | -87.3% | -86.8% | -85.1% | |
| Interest Coverage | 5.04 | 4.74 | 5.02 | 5.16 | 4.97 | 4.98 | 5.15 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonGranite Real Estate Investment Trust's current P/E is 15.6x. The average P/E over the last 4 quarters is 11.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Granite Real Estate Investment Trust's current operating margin is 76.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Granite Real Estate Investment Trust's business trajectory between earnings reports.