Granite Real Estate Investment Trust (TSX:GRT.UN) Accounts Payable & Accrued Expense : C$95.1 Mil (As of Dec. 2023)

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What is Granite Real Estate Investment Trust Accounts Payable & Accrued Expense?

Granite Real Estate Investment Trust's quarterly accounts payable & accrued expense increased from Jun. 2023 (C$92.0 Mil) to Sep. 2023 (C$106.4 Mil) but then declined from Sep. 2023 (C$106.4 Mil) to Dec. 2023 (C$95.1 Mil).

Granite Real Estate Investment Trust's annual accounts payable & accrued expense increased from Dec. 2021 (C$105.8 Mil) to Dec. 2022 (C$120.0 Mil) but then declined from Dec. 2022 (C$120.0 Mil) to Dec. 2023 (C$95.1 Mil).

Granite Real Estate Investment Trust Accounts Payable & Accrued Expense Historical Data

The historical data trend for Granite Real Estate Investment Trust's Accounts Payable & Accrued 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 Accounts Payable & Accrued Expense Chart

Granite Real Estate Investment Trust Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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69.78

80.33

105.84

119.99

95.14

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
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															119.99	122.09	91.98	106.37	95.14

Granite Real Estate Investment Trust Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

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 » Accounts Payable & Accrued 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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