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

Granite Real Estate Investment Trust (TSE:GRT) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$1.25 per share for the quarter.

Granite Real Estate Investment Trust (TSE:GRT) last issued its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share for the quarter, missing the consensus estimate of C$1.25 by C($0.76). The company had revenue of C$129.80 million for the quarter.

Granite Real Estate Investment Trust Price Performance

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

Granite Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.275 dividend. This represents a $3.30 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Monday, April 29th.

Insider Transactions at Granite Real Estate Investment Trust

In related news, Director Kevan Stuart Gorrie purchased 500 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of C$74.75 per share, for a total transaction of C$37,375.00. In related news, Director Sheila A. Murray bought 1,850 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of C$72.78 per share, with a total value of C$134,643.00. Also, Director Kevan Stuart Gorrie acquired 500 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of C$74.75 per share, for a total transaction of C$37,375.00.

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.