Granite Real Estate Investment Trust (TSX:GRT.UN) Market Cap : C$4,449.2 Mil (As of May. 14, 2024)

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What is Granite Real Estate Investment Trust Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Granite Real Estate Investment Trust's share price for the quarter that ended in Mar. 2024 was C$77.31. Granite Real Estate Investment Trust's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 63.4 Mil. Therefore, Granite Real Estate Investment Trust's market cap for the quarter that ended in Mar. 2024 was C$4,900.2 Mil.

Granite Real Estate Investment Trust's quarterly market cap increased from Sep. 2023 (C$4,594.7 Mil) to Dec. 2023 (C$4,832.8 Mil) and increased from Dec. 2023 (C$4,832.8 Mil) to Mar. 2024 (C$4,900.2 Mil).

Granite Real Estate Investment Trust's annual market cap declined from Dec. 2021 (C$6,924.2 Mil) to Dec. 2022 (C$4,400.9 Mil) but then increased from Dec. 2022 (C$4,400.9 Mil) to Dec. 2023 (C$4,832.8 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Granite Real Estate Investment Trust's Enterprise Value for Today is C$7,429.9 Mil.

Granite Real Estate Investment Trust Market Cap Historical Data

The historical data trend for Granite Real Estate Investment Trust's Market Cap 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 Market Cap Chart

Granite Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Market Cap

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3,566.36

4,805.51

6,924.16

4,400.94

4,832.78

Granite Real Estate Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Market Cap	Get a 7-Day Free Trial															5,334.72	4,996.24	4,594.65	4,832.78	4,900.25

Competitive Comparison of Granite Real Estate Investment Trust's Market Cap

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

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

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

Granite Real Estate Investment Trust Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Granite Real Estate Investment Trust's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )	=	Share Price (A: Dec. 2023 )	*	Shares Outstanding (EOP) (A: Dec. 2023 )
	=	C$76.28	*	63.3558
	=	C$4,832.8

Granite Real Estate Investment Trust's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )	=	Share Price (Q: Mar. 2024 )	*	Shares Outstanding (EOP) (Q: Mar. 2024 )
	=	C$77.31	*	63.3844
	=	C$4,900.2

Granite Real Estate Investment Trust (TSX:GRT.UN) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Granite Real Estate Investment Trust Market Cap Related Terms

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

Industry

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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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