Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Book Value per Share : $62.08 (As of Dec. 2023)

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What is Granite Real Estate Investment Trust Book Value per Share?

Granite Real Estate Investment Trust's book value per share for the quarter that ended in Dec. 2023 was $62.08.

During the past 12 months, Granite Real Estate Investment Trust's average Book Value Per Share Growth Rate was -3.10% 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 book value growth rate using book value per share data.

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.

Granite Real Estate Investment Trust's current price is $49.55. Its book value per share for the quarter that ended in Dec. 2023 was $62.08. Hence, today's PB Ratio of Granite Real Estate Investment Trust is 0.80.

During the past 13 years, the highest P/B Ratio of Granite Real Estate Investment Trust was 1.36. The lowest was 0.72. And the median was 1.10.

Good Sign:

Granite Real Estate Investment Trust stock PB Ratio (=0.82) is close to 1-year low of 0.76

Granite Real Estate Investment Trust Book Value per Share Historical Data

The historical data trend for Granite Real Estate Investment Trust's Book Value per Share 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 Book Value per Share Chart

Granite Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

Get a 7-Day Free Trial

44.20

49.61

63.25

63.27

62.08

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
Book Value per Share	Get a 7-Day Free Trial															63.27	62.50	63.36	62.56	62.08

Competitive Comparison of Granite Real Estate Investment Trust's Book Value per Share

For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Granite Real Estate Investment Trust's PB Ratio falls into.

Granite Real Estate Investment Trust Book Value per Share Calculation

Granite Real Estate Investment Trust's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(3,933.3	-	0.0)	/	63.4
	=	62.08

Granite Real Estate Investment Trust's Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(3,933.3	-	0.0)	/	63.4
	=	62.08

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Granite Real Estate Investment Trust (NYSE:GRP.U) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Granite Real Estate Investment Trust Book Value per Share 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 » Book Value per Share

Comparable Companies

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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.