Desjardins Has Positive Outlook of GRP.U FY2025 Earnings

Posted by Kim Johansen on May 14th, 2025

Granite Real Estate Inc. Staple (NYSE:GRP.U – Free Report) – Investment analysts at Desjardins raised their FY2025 earnings per share (EPS) estimates for shares of Granite Real Estate Inc. Staple in a research note issued on Sunday, May 11th. Desjardins analyst K. Stanley now forecasts that the company will earn $4.20 per share for the year, up from their prior forecast of $4.04. The consensus estimate for Granite Real Estate Inc. Staple’s current full-year earnings is $3.81 per share. Desjardins also issued estimates for Granite Real Estate Inc. Staple’s FY2026 earnings at $4.49 EPS.

Separately, StockNews.com lowered Granite Real Estate Inc. Staple from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th.

View Our Latest Stock Analysis on GRP.U

Granite Real Estate Inc. Staple Stock Performance

Shares of GRP.U opened at $48.02 on Wednesday. The stock’s fifty day moving average price is $45.42 and its two-hundred day moving average price is $48.48. Granite Real Estate Inc. Staple has a 1 year low of $38.37 and a 1 year high of $65.63. The firm has a market cap of $2.99 billion and a PE ratio of 13.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

Granite Real Estate Inc. Staple Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.2042 per share. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Wednesday, April 30th. Granite Real Estate Inc. Staple’s dividend payout ratio (DPR) is 27.07%.

About Granite Real Estate Inc. Staple

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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.