Analysts Offer Predictions for Granite Real Estate Investment Trust’s FY2022 Earnings (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRT) – Analysts at National Bank Financial raised their FY2022 earnings estimates for Granite Real Estate Investment Trust in a research report issued on Tuesday, January 11th. National Bank Financial analyst M. Kornack now expects that the real estate investment trust will post earnings per share of $4.48 for the year, up from their prior forecast of $4.47. National Bank Financial also issued estimates for Granite Real Estate Investment Trust’s FY2023 earnings at $4.82 EPS.

Granite Real Estate Investment Trust (TSE:GRT) last announced its quarterly earnings data on Wednesday, November 3rd. The real estate investment trust reported C$6.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.97 by C$5.44. The business had revenue of C$98.27 million during the quarter.

Granite Real Estate Investment Trust has a twelve month low of C$30.78 and a twelve month high of C$38.97.

The company also recently announced a monthly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were issued a $0.258 dividend. This represents a $3.10 annualized dividend and a dividend yield of ∞. This is a boost from Granite Real Estate Investment Trust’s previous monthly dividend of $0.25. The ex-dividend date of this dividend was Thursday, December 30th.

Granite Real Estate Investment Trust Company Profile

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.

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Earnings History and Estimates for Granite Real Estate Investment Trust (TSE:GRT)

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