Granite Real Estate Investment Trust (TSE:GRT) to Post Q2 2024 Earnings of $1.36 Per Share, National Bank Financial Forecasts

Granite Real Estate Investment Trust (TSE:GRT) – Equities researchers at National Bank Financial issued their Q2 2024 earnings per share estimates for Granite Real Estate Investment Trust in a report released on Wednesday, July 17th. National Bank Financial analyst M. Kornack anticipates that the real estate investment trust will earn $1.36 per share for the quarter. National Bank Financial also issued estimates for Granite Real Estate Investment Trust’s FY2024 earnings at $5.42 EPS and FY2025 earnings at $5.85 EPS.

Granite Real Estate Investment Trust (TSE:GRT) last released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported C$1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.26 by C$0.14. The firm had revenue of C$138.95 million for the quarter.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust has a 52 week low of C$30.78 and a 52 week high of C$38.97.

Granite Real Estate Investment Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.275 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $3.30 annualized dividend and a yield of ∞.

Insider Transactions at Granite Real Estate Investment Trust

In related news, Senior Officer Michael Anthony Ramparas bought 400 shares of Granite Real Estate Investment Trust stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of C$67.50 per share, for a total transaction of C$27,000.00. In other Granite Real Estate Investment Trust news, Senior Officer Michael Anthony Ramparas purchased 400 shares of the stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of C$67.50 per share, with a total value of C$27,000.00. Also, Director Al Mawani acquired 1,000 shares of Granite Real Estate Investment Trust stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of C$67.26 per share, with a total value of C$67,256.00. In the last 90 days, insiders have purchased 2,825 shares of company stock worth $191,184.

About Granite Real Estate Investment Trust

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.