Granite Real Estate Investment Trust (TSE:GRT) Expected to Earn Q1 2024 Earnings of $1.29 Per Share

Granite Real Estate Investment Trust (TSE:GRT) – Equities researchers at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of Granite Real Estate Investment Trust in a research note issued to investors on Tuesday, April 23rd. National Bank Financial analyst M. Kornack forecasts that the real estate investment trust will post earnings of $1.29 per share for the quarter. National Bank Financial also issued estimates for Granite Real Estate Investment Trust’s FY2024 earnings at $5.38 EPS.

Granite Real Estate Investment Trust (TSE:GRT) last released its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share (EPS) 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 Stock Performance

Granite Real Estate Investment Trust has a 12-month low of C$30.78 and a 12-month high of C$38.97.

Insider Buying and Selling

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

Granite Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.275 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Monday, April 29th.

About Granite Real Estate Investment Trust

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.