Q1 Earnings Forecast for GRP.U Issued By Desjardins

Posted by Shane Hupp on Mar 4th, 2025

Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Investment analysts at Desjardins issued their Q1 2025 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a note issued to investors on Sunday, March 2nd. Desjardins analyst K. Stanley expects that the company will post earnings of $0.98 per share for the quarter. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.81 per share. Desjardins also issued estimates for Granite Real Estate Inc. Staple’s Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.02 EPS, Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $4.04 EPS and FY2026 earnings at $4.35 EPS.

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 16th.

Check Out Our Latest Stock Report on Granite Real Estate Inc. Staple

Granite Real Estate Inc. Staple Stock Up 1.5 %

Shares of NYSE GRP.U opened at $46.53 on Tuesday. The company has a market capitalization of $2.92 billion and a price-to-earnings ratio of 13.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50-day moving average of $48.04 and a two-hundred day moving average of $52.78. Granite Real Estate Inc. Staple has a 1 year low of $45.45 and a 1 year high of $65.63.

Granite Real Estate Inc. Staple Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.1997 per share. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. The ex-dividend date is Friday, February 28th. This represents a $2.40 annualized dividend and a yield of 5.15%. Granite Real Estate Inc. Staple’s payout ratio is presently 32.85%.

Granite Real Estate Inc. Staple Company Profile

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Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing.