Granite Real Estate Investment Trust (GRP-UN) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown
GRP-UN's revenue distribution by segment and geography
By Geography
GRP-UN Revenue Analysis (2013–2024)
As of February 28, 2026, Granite Real Estate Investment Trust (GRP-UN) generated trailing twelve-month (TTM) revenue of $605.0 million, reflecting solid growth of +7.8% year-over-year. The most recent quarter (Q3 2025) recorded $153.0 million in revenue, up 2.5% sequentially.
Looking at the longer-term picture, GRP-UN's 5-year compound annual growth rate (CAGR) stands at +15.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $569.1 million in 2024, representing a new all-time high.
When compared to Real Estate sector peers including PLD (+10.7% YoY), EGP (+11.6% YoY), and REXR (+10.4% YoY), GRP-UN has underperformed the peer group in terms of revenue growth. Compare GRP-UN vs PLD →
Peer Comparison
Compare GRP-UN's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GRP-UNCurrent | $605M | +7.8% | +15.8% | 76.5% | |
| PLD | $8.2B | +10.7% | +19.7% | 53.8% | |
| EGP | $639M | +11.6% | +14.1% | 69.4% | |
| REXR | $936M | +10.4% | +28.5% | 68.8% | |
| FR | $672M | +8.9% | +9.6% | 44.3% | |
| STAG | $845M | +9.6% | +11.8% | 0.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $569.1M | +9.2% | $472.0M | 82.9% | $435.3M | 76.5% |
| 2023 | $521.3M | +14.4% | $435.2M | 83.5% | $392.7M | 75.3% |
| 2022 | $455.6M | +15.8% | $380.4M | 83.5% | $349.3M | 76.7% |
| 2021 | $393.5M | +15.7% | $332.7M | 84.5% | $293.0M | 74.5% |
| 2020 | $340.2M | +24.7% | $293.0M | 86.1% | $0 | - |
| 2019 | $272.8M | +10.2% | $237.5M | 87.0% | $206.5M | 75.7% |
| 2018 | $247.5M | +11.2% | $216.5M | 87.5% | $216.5M | 87.5% |
| 2017 | $222.6M | -0.3% | $213.3M | 95.8% | $180.9M | 81.2% |
| 2016 | $223.4M | +3.3% | $215.8M | 96.6% | $187.1M | 83.7% |
| 2015 | $216.3M | +4.3% | $209.2M | 96.7% | $161.5M | 74.6% |
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Start ComparisonFrequently Asked Questions
Is GRP-UN's revenue growth accelerating or slowing?
GRP-UN maintains +7.8% revenue growth, in line with its 5-year CAGR of +15.8%. TTM revenue stands at $605M. Growth rate remains consistent with historical average.
What is GRP-UN's long-term revenue growth rate?
Granite Real Estate Investment Trust's 5-year revenue CAGR of +15.8% reflects the sustained expansion pattern. Current YoY growth of +7.8% is near this long-term average.
How is GRP-UN's revenue distributed by segment?
GRP-UN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.