GRANITE REAL ESTATE INVESTMENT TRUST

EDGAR

366 filing records in this dataset, filed from 2013-01-04 to 2025-12-17. Reported financial figures are available; chart coverage varies by period.

Watchlist

Latest fiscal year

Revenue

393 million CAD

2021 · CAD

Exact inputs and evidence

Operating margin

84.55%

2021 · %

Exact inputs and evidence
  • Operating Income: 332676000 CAD Source
  • Revenue: 393488000 CAD Source

Operating cash flow

262 million CAD

2021 · CAD

Exact inputs and evidence
  • Operating Cash Flow: 262264000 CAD Source

Free cash flow

262 million CAD

2021 · CAD

Exact inputs and evidence
  • Operating Cash Flow: 262264000 CAD Source
  • Capital Expenditure: 589000 CAD Source
Cash and cash equivalents
403 million CAD Source
Exact value

402513000 CAD

Long-term debt including current maturities
Not available
Shares outstanding
46.8 million shares Source
Exact value

46833000 shares

Reported share-count change

-0.08% · -38 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 46871000 shares · 2011-12-31· Source
  • 46833000 shares · 2012-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2025-12-17.

Financial data available through: 2021-12-31.

Financial coverage is incomplete. Newer filings are recorded, but comparable financial figures for those periods are not available here yet.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2021-12-31
  • Operating income: 6 of 11 periods available· newest 2021-12-31
  • Net income: 4 of 11 periods available· newest 2021-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2021-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2021-12-31
  • Total assets: 6 of 11 periods available· newest 2021-12-31
  • Total liabilities: 6 of 11 periods available· newest 2021-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 7 of 11 periods available· newest 2021-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 2 of 11 periods available· newest 2012-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +15.7%

    Prior period

    CAD 340.2 million

    –

    Current period

    CAD 393.49 million

    –

    Exact inputs and evidence

    393488000 − 340199000 = 53289000 CAD

    340199000 CAD · 2020-01-01 – 2020-12-31

    Inspect prior input Prior source

    393488000 CAD · 2021-01-01 – 2021-12-31

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  • Net income

    +204.8%

    Prior period

    CAD 429.8 million

    –

    Current period

    CAD 1.31 billion

    –

    Exact inputs and evidence

    1309937000 − 429804000 = 880133000 CAD

    429804000 CAD · 2020-01-01 – 2020-12-31

    Inspect prior input Prior source

    1309937000 CAD · 2021-01-01 – 2021-12-31

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  • Operating cash flow

    +5.2%

    Prior period

    CAD 249.29 million

    –

    Current period

    CAD 262.26 million

    –

    Exact inputs and evidence

    262264000 − 249293000 = 12971000 CAD

    249293000 CAD · 2020-01-01 – 2020-12-31

    Inspect prior input Prior source

    262264000 CAD · 2021-01-01 – 2021-12-31

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  • Capital expenditure

    -65.2%

    Prior period

    CAD 1.69 million

    –

    Current period

    CAD 589,000

    –

    Exact inputs and evidence

    589000 − 1691000 = -1102000 CAD

    1691000 CAD · 2020-01-01 – 2020-12-31

    Inspect prior input Prior source

    589000 CAD · 2021-01-01 – 2021-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2021 2021-01-01 – 2021-12-31

  • Revenue CAD 393.49 million 100% of revenue
  • Operating costs Derived CAD 60.81 million 15% of revenue
  • Operating income CAD 332.68 million 85% of revenue
  • Tax, interest and other Derived −CAD 977.26 million −248% of revenue
  • Net income CAD 1.31 billion 333% of revenue

Cash

  • Operating cash flow CAD 262.26 million 67% of revenue
  • Capital expenditure CAD 589,000 0.1% of revenue
  • Free cash flow Derived CAD 261.68 million 67% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2011 Not shown: operating income or net income is not reported.
  • 2012 Not shown: operating income or net income is not reported.
  • 2018 Net income was higher than operating income, so the split is not drawn.
  • 2019 Net income was higher than operating income, so the split is not drawn.
  • 2020 Net income was higher than operating income, so the split is not drawn.
  • 2021 Net income was higher than operating income, so the split is not drawn.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2011 2011-01-01 – 2011-12-31180937000 127474000 Derived 53463000 UnavailableUnavailable111661000 Derived
Source
2012 2012-01-01 – 2012-12-31181115000 95312000 Derived 85803000 UnavailableUnavailable114805000 Derived
Source
2018 2018-01-01 – 2018-12-31247483000 30942000 Derived 216541000 -248615000 Derived 465156000 157777000 Derived
Source
2019 2019-01-01 – 2019-12-31273678000 35364000 Derived 238314000 -143765000 Derived 382079000 183255000 Derived
Source
2020 2020-01-01 – 2020-12-31340199000 47164000 Derived 293035000 -136769000 Derived 429804000 247602000 Derived
Source
2021 2021-01-01 – 2021-12-31393488000 60812000 Derived 332676000 -977261000 Derived 1309937000 261675000 Derived
Source

Amounts are exact, in CAD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

CAD 393.5M 2021
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.425.0M318.7M212.5M106.2M0.0201120192021
Values and sources
Revenue values and source evidence
PeriodSeriesValue(CAD)Source evidence
2011Revenue180937000
2012Revenue181115000
2018Revenue247483000
2019Revenue273678000
2020Revenue340199000
2021Revenue393488000

Revenue growth

Change in revenue from the same financial period one year earlier.

15.7% 2021
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.26.3%19.7%13.1%6.6%0.0%201120192021
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2011Year over yearNo prior comparable period
2012Year over year0.1%
2018Year over yearNo prior comparable period
2019Year over year10.6%
2020Year over year24.3%
2021Year over year15.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 84.5% 2021
Net margin 332.9% 2021
Free cash flow margin 66.5% 2021
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.360%270%180%90%0%201120192021
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2011Operating margin29.5%
2012Operating margin47.4%
2018Operating margin87.5%
2019Operating margin87.1%
2020Operating margin86.1%
2021Operating margin84.5%
2011-12-31Net marginNot reported
2012-12-31Net marginNot reported
2018Net margin188%
2019Net margin139.6%
2020Net margin126.3%
2021Net margin332.9%
2011Free cash flow margin61.7%
2012Free cash flow margin63.4%
2018Free cash flow margin63.8%
2019Free cash flow margin67%
2020Free cash flow margin72.8%
2021Free cash flow margin66.5%

Operating cash flow

Cash generated by the company’s normal business operations.

CAD 262.3M 2021
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.283.2M212.4M141.6M70.8M0.0201120192021
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(CAD)Source evidence
2011Operating cash flow111677000
2012Operating cash flow116646000
2018Operating cash flow157888000
2019Operating cash flow183431000
2020Operating cash flow249293000
2021Operating cash flow262264000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

CAD 261.7M 2021
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.282.6M212.0M141.3M70.7M0.0201120192021
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(CAD)Source evidence
2011Free cash flow111661000
2012Free cash flow114805000
2018Free cash flow157777000
2019Free cash flow183255000
2020Free cash flow247602000
2021Free cash flow261675000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

37.9% 2021
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.45%34%23%11%0%201120192021
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2011Liabilities / assets27%
2012Liabilities / assets28%
2018Liabilities / assets40.4%
2019Liabilities / assets34.5%
2020Liabilities / assets41.9%
2021Liabilities / assets37.9%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2011-12-31Current assets / current liabilitiesNot reportedNo source recorded
2012-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2011 2011-01-01 – 2011-12-31
Unavailable Not reported for this period.
CAD 111.68 million
Exact value

Exact value: 111677000 CAD

2011-01-01 – 2011-12-31: 111677000 CAD Inspect Operating Cash Flow Open source
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CAD 16,000
Exact value

Exact value: 16000 CAD

2011-01-01 – 2011-12-31: 16000 CAD Inspect Capital Expenditure Open source
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CAD 111.66 million
Calculation and evidence

111677000 − 16000 CAD

Exact free cash flow: 111661000 CAD

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2012 2012-01-01 – 2012-12-31
Unavailable Not reported for this period.
CAD 116.65 million
Exact value

Exact value: 116646000 CAD

2012-01-01 – 2012-12-31: 116646000 CAD Inspect Operating Cash Flow Open source
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CAD 1.84 million
Exact value

Exact value: 1841000 CAD

2012-01-01 – 2012-12-31: 1841000 CAD Inspect Capital Expenditure Open source
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CAD 114.81 million
Calculation and evidence

116646000 − 1841000 CAD

Exact free cash flow: 114805000 CAD

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2018 2018-01-01 – 2018-12-31
CAD 465.16 million
Exact value

Exact value: 465156000 CAD

2018-01-01 – 2018-12-31: 465156000 CAD Inspect Net Income Open source
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CAD 157.89 million
Exact value

Exact value: 157888000 CAD

2018-01-01 – 2018-12-31: 157888000 CAD Inspect Operating Cash Flow Open source
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CAD 111,000
Exact value

Exact value: 111000 CAD

2018-01-01 – 2018-12-31: 111000 CAD Inspect Capital Expenditure Open source
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CAD 157.78 million
Calculation and evidence

157888000 − 111000 CAD

Exact free cash flow: 157777000 CAD

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2019 2019-01-01 – 2019-12-31
CAD 382.08 million
Exact value

Exact value: 382079000 CAD

2019-01-01 – 2019-12-31: 382079000 CAD Inspect Net Income Open source
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CAD 183.43 million
Exact value

Exact value: 183431000 CAD

2019-01-01 – 2019-12-31: 183431000 CAD Inspect Operating Cash Flow Open source
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CAD 176,000
Exact value

Exact value: 176000 CAD

2019-01-01 – 2019-12-31: 176000 CAD Inspect Capital Expenditure Open source
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CAD 183.26 million
Calculation and evidence

183431000 − 176000 CAD

Exact free cash flow: 183255000 CAD

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2020 2020-01-01 – 2020-12-31
CAD 429.8 million
Exact value

Exact value: 429804000 CAD

2020-01-01 – 2020-12-31: 429804000 CAD Inspect Net Income Open source
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CAD 249.29 million
Exact value

Exact value: 249293000 CAD

2020-01-01 – 2020-12-31: 249293000 CAD Inspect Operating Cash Flow Open source
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CAD 1.69 million
Exact value

Exact value: 1691000 CAD

2020-01-01 – 2020-12-31: 1691000 CAD Inspect Capital Expenditure Open source
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CAD 247.6 million
Calculation and evidence

249293000 − 1691000 CAD

Exact free cash flow: 247602000 CAD

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2021 2021-01-01 – 2021-12-31
CAD 1.31 billion
Exact value

Exact value: 1309937000 CAD

2021-01-01 – 2021-12-31: 1309937000 CAD Inspect Net Income Open source
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CAD 262.26 million
Exact value

Exact value: 262264000 CAD

2021-01-01 – 2021-12-31: 262264000 CAD Inspect Operating Cash Flow Open source
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CAD 589,000
Exact value

Exact value: 589000 CAD

2021-01-01 – 2021-12-31: 589000 CAD Inspect Capital Expenditure Open source
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CAD 261.68 million
Calculation and evidence

262264000 − 589000 CAD

Exact free cash flow: 261675000 CAD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

366 filings · 541 latest values · 541 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001564538, 1564538, GRTUF, edgar:1564538

Also known as GRANITE REAL ESTATE INVESTMENT TRUST, Granite Real Estate Investment Trust