Granite Real Estate Investment Trust (GRT-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$6.0B
Fair value as of: Jul 17, 2026
From 26 valuation models · updated 4 days ago
Share price +6.0% over the past month.
Price vs Fair Value (12 months)
12‑month range C$68.77 – C$99.61 · fair‑value band C$49.68 – C$88.12 · the C$99.52 price screens above the C$72.73 fair value. As of Jul 17, 2026.
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Granite Real Estate Investment Trust (GRT-UN) currently trades at C$99.52, while our model-based Fair Value estimate is C$72.73, implying the stock looks roughly 26.9% overvalued today. We read business quality at 71/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Granite Real Estate Investment Trust generated revenue of C$630M at a net margin of 61.9%. Revenue grew 7.8% year over year. It earns a return on equity of 6.9%. Net debt stands at C$3.3B. Fundamentals as of Jul 17, 2026
Our scenario range runs from C$49.68 (bear case) to C$88.12 (bull case); at C$99.52, the current price sits above that range. The share trades near its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -34% fair-value upside, at -27%, GRT-UN screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 17, 2026. TTM = trailing twelve months.
About the company
Granite Real Estate Investment Trust 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 145 investment properties representing approximately 61.5 million square feet of leasable area. Granite Real Estate Investment Trust was incorporated in 2003 in Ontario, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Granite Real Estate Investment Trust reported revenue of C$619M in FY2025 versus C$393M in FY2021, a compound +12.0%/yr. Reported net income was C$342M in FY2025, compounding −28.5%/yr from FY2021.
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Recent news
- Granite REIT Notice of Conference Call for Second Quarter 2026 Results
- Granite REIT Declares Distribution for June 2026
- Granite REIT Announces Voting Results From Its 2026 Annual General Meeting of Unitholders
- Granite REIT Announces Renewal of Normal Course Issuer Bid
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.
Similar stocks
10 more REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Prologis, Inc PLD | $144.54 | $58.09 | -60% |
| Public Storage, a member of the S&P 500, PSA | $325.94 | $215.22 | -34% |
| Extra Space Storage Inc E1XR34 | R$183.42 | R$90.45 | -51% |
| SEGRO Plc SEGXF | $11.50 | $4.60 | -60% |
| EastGroup Properties, Inc EGP | $204.89 | $126.92 | -38% |
| Lineage, Inc LINE | $41.38 | $35.41 | -14% |
| CapitaLand Ascendas REIT (CLAR) A17U | 2.52 SGD | 2.00 SGD | -21% |
| CubeSmart CUBE | $40.49 | $34.24 | -15% |
| First Industrial Realty Trust, Inc FR | $61.80 | $27.33 | -56% |
| STAG Industrial, Inc S2TA34 | R$38.60 | R$25.62 | -34% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.