GRP.U (Granite Real Estate Investment Trust) 3-Year Book Growth Rate : 9.40% (As of Sep. 2024)

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What is Granite Real Estate Investment Trust 3-Year Book Growth Rate?

Granite Real Estate Investment Trust's Book Value per Share for the quarter that ended in Sep. 2024 was $64.08.

During the past 12 months, Granite Real Estate Investment Trust's average Book Value per Share Growth Rate was 2.50% per year. During the past 3 years, the average Book Value per Share Growth Rate was 9.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was 10.60% per year. During the past 10 years, the average Book Value per Share Growth Rate was 10.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Granite Real Estate Investment Trust was 14.00% per year. The lowest was -9.50% per year. And the median was 3.70% per year.

Competitive Comparison of Granite Real Estate Investment Trust's 3-Year Book Growth Rate

For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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's 3-Year Book Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Granite Real Estate Investment Trust's 3-Year Book Growth Rate falls into.

Granite Real Estate Investment Trust 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Granite Real Estate Investment Trust (NYSE:GRP.U) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Granite Real Estate Investment Trust 3-Year Book Growth Rate Related Terms

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Granite Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (NYSE:GRP.U) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

4I70: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.