Raymond James Issues Optimistic Outlook for GRP.U Earnings

Granite Real Estate Inc. Staple (NYSE:GRP.U) – Equities research analysts at Raymond James upped their Q4 2025 earnings estimates for shares of Granite Real Estate Inc. Staple in a report issued on Friday, November 8th. Raymond James analyst B. Sturges now forecasts that the company will post earnings of $1.10 per share for the quarter, up from their previous estimate of $1.08. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.88 per share. Raymond James also issued estimates for Granite Real Estate Inc. Staple’s Q1 2026 earnings at $1.13 EPS.

Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research report on Sunday.

Granite Real Estate Inc. Staple Stock Performance

Shares of NYSE GRP.U opened at $54.77 on Monday. The company has a quick ratio of 0.37, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $57.17 and its two-hundred day moving average price is $53.58. Granite Real Estate Inc. Staple has a 52-week low of $46.28 and a 52-week high of $65.63. The stock has a market capitalization of $3.44 billion, a P/E ratio of 15.29 and a beta of 1.21.

Granite Real Estate Inc. Staple Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.1994 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.39 annualized dividend and a dividend yield of 4.37%. Granite Real Estate Inc. Staple’s dividend payout ratio is currently 68.16%.

Granite Real Estate Inc. Staple Company Profile

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.