Equities Analysts Issue Forecasts for GRP.U Q2 Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Investment analysts at Desjardins raised their Q2 2025 earnings per share estimates for shares of Granite Real Estate Inc. Staple in a research note issued to investors on Sunday, May 11th. Desjardins analyst K. Stanley now forecasts that the company will post earnings of $1.02 per share for the quarter, up from their previous forecast of $0.99. 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 Q3 2025 earnings at $1.05 EPS and Q4 2025 earnings at $1.08 EPS.

Separately, StockNews.com downgraded shares of Granite Real Estate Inc. Staple from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th.

Granite Real Estate Inc. Staple Trading Down 1.2%

NYSE:GRP.U opened at $47.46 on Tuesday. The company has a market capitalization of $2.96 billion and a PE ratio of 13.26. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a 52-week low of $38.37 and a 52-week high of $65.63. The stock has a fifty day simple moving average of $45.42 and a 200-day simple moving average of $48.47.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.2042 per share. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. This represents a $2.45 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Wednesday, April 30th. Granite Real Estate Inc. Staple’s dividend payout ratio is presently 27.07%.

About Granite Real Estate Inc. Staple

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.