Granite Real Estate Investment Trust (TSX:GRT.UN) Other Income (Expense) : C$-192.5 Mil (TTM As of Dec. 2023)

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What is Granite Real Estate Investment Trust Other Income (Expense)?

Granite Real Estate Investment Trust's other income expense for the Granite Real Estate Investment Trust's pretax income for the three months ended in Dec. 2023 was C$-48.7 Mil. Its other income expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-192.5 Mil.

Granite Real Estate Investment Trust Other Income (Expense) Historical Data

The historical data trend for Granite Real Estate Investment Trust's Other Income (Expense) 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 Other Income (Expense) Chart

Granite Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Other Income (Expense)

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239.28

272.81

1,298.04

-207.80

-192.51

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
Other Income (Expense)	Get a 7-Day Free Trial															-227.04	-74.08	-12.92	-56.76	-48.74

Granite Real Estate Investment Trust Other Income (Expense) Calculation

Other income expense includes minority interest. Minority interest is a significant but non-controlling ownership of less than 50% of a company's voting shares by either an investor or another company.

Other Income (Expense) 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 C$-192.5 Mil.

Granite Real Estate Investment Trust (TSX:GRT.UN) Other Income (Expense) Explanation

Minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders.

Granite Real Estate Investment Trust (TSX:GRT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (TSX:GRT.UN) » Definitions » Other Income (Expense)

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Traded in Other Exchanges

GRP.U:USA 4I7:Germany

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.

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