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Granite Real Estate Investment Trust (TSX:GRT.UN) Capex-to-Operating-Income : 0.00 (As of Dec. 2023)


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What is Granite Real Estate Investment Trust Capex-to-Operating-Income?

Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.

Granite Real Estate Investment Trust's Capital Expenditure for the three months ended in Dec. 2023 was C$-0.13 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$100.26 Mil.

Hence, Granite Real Estate Investment Trust's Capex-to-Operating-Income for the three months ended in Dec. 2023 was 0.00.


Granite Real Estate Investment Trust Capex-to-Operating-Income Historical Data

The historical data trend for Granite Real Estate Investment Trust's Capex-to-Operating-Income 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 Capex-to-Operating-Income Chart

Granite Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.01 - - -

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
Capex-to-Operating-Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Granite Real Estate Investment Trust's Capex-to-Operating-Income

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

For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Granite Real Estate Investment Trust's Capex-to-Operating-Income falls into.



Granite Real Estate Investment Trust Capex-to-Operating-Income Calculation

Granite Real Estate Investment Trust's Capex-to-Operating-Income for the fiscal year that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-0.285) / 392.526
=0.00

Granite Real Estate Investment Trust's Capex-to-Operating-Income for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-0.13) / 100.264
=0.00

* 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.


Granite Real Estate Investment Trust  (TSX:GRT.UN) Capex-to-Operating-Income Explanation

Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.


Granite Real Estate Investment Trust Capex-to-Operating-Income Related Terms

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

Traded in Other Exchanges
Address
77 King Street West, Suite 4010, P.O. Box 159, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1
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.

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

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