Desjardins Has Bullish Outlook for TSE:GRT FY2025 Earnings

Granite Real Estate Investment Trust (TSE:GRT) – Stock analysts at Desjardins upped their FY2025 earnings per share estimates for shares of Granite Real Estate Investment Trust in a note issued to investors on Sunday, November 10th. Desjardins analyst K. Stanley now expects that the real estate investment trust will post earnings per share of $5.71 for the year, up from their prior estimate of $5.67.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a 52-week low of C$30.78 and a 52-week high of C$38.97.

Granite Real Estate Investment Trust Announces Dividend

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

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.