Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Long-Term Capital Lease Obligation : $24.2 Mil (As of Dec. 2023)

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What is Granite Real Estate Investment Trust Long-Term Capital Lease Obligation?

Granite Real Estate Investment Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $24.2 Mil.

Granite Real Estate Investment Trust's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($24.6 Mil) to Sep. 2023 ($24.0 Mil) but then increased from Sep. 2023 ($24.0 Mil) to Dec. 2023 ($24.2 Mil).

Granite Real Estate Investment Trust's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($24.7 Mil) to Dec. 2022 ($24.3 Mil) and declined from Dec. 2022 ($24.3 Mil) to Dec. 2023 ($24.2 Mil).

Granite Real Estate Investment Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Granite Real Estate Investment Trust's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Granite Real Estate Investment Trust Long-Term Capital Lease Obligation Chart

Granite Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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24.62

25.72

24.72

24.28

24.16

Granite Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															24.28	24.09	24.55	23.95	24.16

Granite Real Estate Investment Trust (NYSE:GRP.U) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (NYSE:GRP.U) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

4I7:Germany GRT.UN:Canada

Address

77 King Street West, Suite 4010, P.O. Box 159, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1

Website

https://www.granitereit.com

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.