Desjardins Analysts Decrease Earnings Estimates for TSE:GRT

Posted by Brian Wu on Nov 12th, 2024

Granite Real Estate Investment Trust (TSE:GRT – Free Report) – Analysts at Desjardins cut their FY2026 EPS estimates for Granite Real Estate Investment Trust in a research report issued on Sunday, November 10th. Desjardins analyst K. Stanley now anticipates that the real estate investment trust will post earnings of $6.13 per share for the year, down from their prior estimate of $6.18.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a 1 year low of C$30.78 and a 1 year high of C$38.97.

Granite Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of ∞.

About Granite Real Estate Investment Trust

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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.