Granite Real Estate Investment Trust's Enterprise Value for the quarter that ended in Dec. 2023 was $5,884.7 Mil.
Granite Real Estate Investment Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $150.6 Mil. Granite Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.58%.
The historical rank and industry rank for Granite Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GRP.U'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.5 Med: 10.06 Max: 25.73
Current: 2.8
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Granite Real Estate Investment Trust was 25.73%. The lowest was -5.50%. And the median was 10.06%.
GRP.U's Earnings Yield (Joel Greenblatt) % is ranked worse than 51% of 896
companies
in the REITs industry
Industry Median: 2.82
vs GRP.U: 2.80
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Granite Real Estate Investment Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Granite Real Estate Investment Trust Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Granite Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % 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.
For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Granite Real Estate Investment Trust Earnings Yield (Joel Greenblatt) % Distribution
For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Granite Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Granite Real Estate Investment Trusts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Granite Real Estate Investment Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $150.6 Mil.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Granite Real Estate Investment Trust Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Granite Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Business Description
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.
Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Headlines
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