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

Granite Real Estate Investment Trust (TSE:GRT) – Equities researchers at National Bank Financial upped their FY2022 earnings per share (EPS) estimates for Granite Real Estate Investment Trust in a research note issued to investors on Tuesday, January 11th. National Bank Financial analyst M. Kornack now anticipates that the real estate investment trust will post earnings of $4.48 per share for the year, up from their previous 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 has a 52 week low of C$30.78 and a 52 week high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last released its earnings results 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 company had revenue of C$98.27 million for the quarter.

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were paid a $0.258 dividend. The ex-dividend date of this dividend was Thursday, December 30th. 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.

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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