Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Cash And Cash Equivalents : $86.6 Mil (As of Dec. 2023)

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What is Granite Real Estate Investment Trust Cash And Cash Equivalents?

Granite Real Estate Investment Trust's quarterly cash and cash equivalents increased from Jun. 2023 ($89.69 Mil) to Sep. 2023 ($117.00 Mil) but then stayed the same from Sep. 2023 ($117.00 Mil) to Dec. 2023 ($86.56 Mil).

Granite Real Estate Investment Trust's annual cash and cash equivalents declined from Dec. 2021 ($314.46 Mil) to Dec. 2022 ($99.43 Mil) and declined from Dec. 2022 ($99.43 Mil) to Dec. 2023 ($86.56 Mil).

Granite Real Estate Investment Trust Cash And Cash Equivalents Historical Data

The historical data trend for Granite Real Estate Investment Trust's Cash And Cash Equivalents 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 Cash And Cash Equivalents Chart

Granite Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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226.80

648.98

314.46

99.43

86.56

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
Cash And Cash Equivalents	Get a 7-Day Free Trial															99.43	85.64	89.69	117.00	86.56

Granite Real Estate Investment Trust Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Granite Real Estate Investment Trust (NYSE:GRP.U) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Granite Real Estate Investment Trust Cash And Cash Equivalents Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (NYSE:GRP.U) » Definitions » Cash And Cash Equivalents

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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.