Granite Real Estate Investment Trust

Toronto Stock Exchange GRT-UN.TO

Granite Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2023: 2.77

Granite Real Estate Investment Trust Interest Coverage Ratio is 2.77 for the year ending December 31, 2023. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Granite Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2021 was 4.87, a -7.59% change year over year.
Granite Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2020 was 5.27, a 33.48% change year over year.
Granite Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2019 was 3.95, a -22.60% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Toronto Stock Exchange: GRT-UN.TO

Granite Real Estate Investment Trust

CEO	Mr. Kevan S. Gorrie ICD.D, P. Eng
IPO Date	Dec. 1, 2004
Location	Canada
Headquarters	Toronto-Dominion Centre
Employees	69
Sector	Real Estate
Industries Industrial REITs Diversified REITs

Description

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 108 investment properties representing approximately 45.3 million square feet of leasable area.

Key trends

Past 5 years