Ratings Granite Real Estate Investment Trust

Equities

GRT.UN

CA3874371147

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-31 pm EDT			5-day change	1st Jan Change
67.42 ^CAD	+0.62%		-0.90%	-11.62%

May. 23	Granite Real Estate Investment Trust's Equity Buyback announced on May 19, 2023, has expired.	CI
May. 22	Granite Real Estate Investment Trust (TSX:GRT.UN) announces an Equity Buyback for 6,273,168 shares, representing 9.96% of its issued share capital.	CI

Summary

On the basis of various fundamental qualitative criteria, the company appears to be particularly poorly ranked from a medium and long-term investment perspective.
From a short-term investment perspective, the company presents a deteriorated fundamental configuration.

Strengths

Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
This company will be of major interest to investors in search of a high dividend stock.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses

One of the major weak points of the company is its financial situation.
The company's "enterprise value to sales" ratio is among the highest in the world.
The company is highly valued given the cash flows generated by its activity.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Commercial REITs

	1st Jan change	Capi.	ESG Refinitiv
GRANITE REAL ESTATE INVESTMENT TRUST	-11.62%	3.11B	B+
PROLOGIS, INC.	-17.11%	102B	B+
GOODMAN GROUP	+32.49%	42.27B	B-
REXFORD INDUSTRIAL REALTY, INC.	-19.14%	9.86B	A-
EASTGROUP PROPERTIES, INC.	-10.00%	7.94B	B
AMERICOLD REALTY TRUST, INC.	-11.89%	7.58B	B
WAREHOUSES DE PAUW SA	-6.11%	6.49B	B
STAG INDUSTRIAL, INC.	-10.70%	6.38B	B-
FIRST INDUSTRIAL REALTY TRUST, INC.	-10.54%	6.24B	B-
TERRENO REALTY CORPORATION	-9.72%	5.47B	C

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ESG Refinitiv

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