Granite Real Estate Investment Trust (GRT) Set to Announce Quarterly Earnings on Wednesday

Granite Real Estate Investment Trust (TSE:GRT) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Granite Real Estate Investment Trust to post earnings of C$1.33 per share for the quarter.

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

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a 12-month low of C$30.78 and a 12-month 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. Stockholders of record on Wednesday, July 31st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $3.30 dividend on an annualized basis and a dividend yield of ∞.

Insider Activity

In other Granite Real Estate Investment Trust news, Director Kevan Stuart Gorrie acquired 500 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of C$70.65 per share, for a total transaction of C$35,325.00. In other news, Director Al Mawani purchased 1,000 shares of Granite Real Estate Investment Trust stock in a transaction on Friday, June 14th. The stock was purchased at an average price of C$67.26 per share, with a total value of C$67,256.00. Also, Director Kevan Stuart Gorrie purchased 500 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of C$70.65 per share, with a total value of C$35,325.00. Insiders bought 2,825 shares of company stock valued at $191,184 in the last quarter.

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.