GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (NYSE:GRP.U) » Definitions » Retained Earnings

Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Retained Earnings : $1,218.5 Mil (As of Dec. 2023)


View and export this data going back to 2003. Start your Free Trial

What is Granite Real Estate Investment Trust Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Granite Real Estate Investment Trust's retained earnings for the quarter that ended in Dec. 2023 was $1,218.5 Mil.

Granite Real Estate Investment Trust's quarterly retained earnings declined from Jun. 2023 ($1,259.0 Mil) to Sep. 2023 ($1,223.0 Mil) and declined from Sep. 2023 ($1,223.0 Mil) to Dec. 2023 ($1,218.5 Mil).

Granite Real Estate Investment Trust's annual retained earnings declined from Dec. 2021 ($1,366.4 Mil) to Dec. 2022 ($1,253.2 Mil) and declined from Dec. 2022 ($1,253.2 Mil) to Dec. 2023 ($1,218.5 Mil).


Granite Real Estate Investment Trust Retained Earnings Historical Data

The historical data trend for Granite Real Estate Investment Trust's Retained Earnings 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.

* Premium members only.

Granite Real Estate Investment Trust Retained Earnings Chart

Granite Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 278.87 493.13 1,366.37 1,253.16 1,218.51

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
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,253.16 1,214.05 1,258.96 1,222.96 1,218.51

Granite Real Estate Investment Trust Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Granite Real Estate Investment Trust  (NYSE:GRP.U) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


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

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