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The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Granite Real Estate Investment Trust's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.63.
The historical rank and industry rank for Granite Real Estate Investment Trust's Dividend Payout Ratio or its related term are showing as below:
FRA:4I70'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.81 Max: 0.93
Current: 0.6
During the past 13 years, the highest Dividend Payout Ratio of Granite Real Estate Investment Trust was 0.93. The lowest was 0.59. And the median was 0.81.
FRA:4I70's Dividend Payout Ratio is ranked better than 81.6% of 712
companies
in the REITs industry
Industry Median: 0.985
vs FRA:4I70: 0.60
During the past 13 years, the highest Trailing Annual Dividend Yield of Granite Real Estate Investment Trust was 5.99%. The lowest was 2.85%. And the median was 4.33%.
During the past 12 months, Granite Real Estate Investment Trust's average Dividends Per Share Growth Rate was 3.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 3.20% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 3.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 3.80% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Granite Real Estate Investment Trust was 59.60% per year. The lowest was -6.80% per year. And the median was 4.80% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Granite Real Estate Investment Trust (FRA:4I70) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Granite Real Estate Investment Trust Dividend Payout Ratio Related Terms
Granite Real Estate Investment Trust Dividend Payout Ratio Historical Data
* 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 Dividend Payout Ratio Chart
FRA:4I70 vs PLD, PSA, EXR: Dividend Payout Ratio Comparison
For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Dividend Payout Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Granite Real Estate Investment Trust's Dividend Payout Ratio falls into.
Granite Real Estate Investment Trust Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
* 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 (FRA:4I70) has a Dividend Payout Ratio of 0.63 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Granite Real Estate Investment Trust and its competitors. This is 22% below median its historical median of 0.81. Over the past decade, Granite Real Estate Investment Trust's Dividend Payout Ratio has ranged from 0.59 to 0.93. According to the industry distribution chart, Granite Real Estate Investment Trust ranks #131 out of 712 companies in the REITs industry, placing it in the top 18.4%.
Is Granite Real Estate Investment Trust's Dividend Payout Ratio too high?
Granite Real Estate Investment Trust's current Dividend Payout Ratio of 0.63 is 22% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 0.93. The REITs industry median Dividend Payout Ratio is 0.99. Granite Real Estate Investment Trust's value of 0.63 is 36% below this industry median. Based on the distribution chart, Granite Real Estate Investment Trust ranks #131 out of 712 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Granite Real Estate Investment Trust has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Granite Real Estate Investment Trust's Dividend Payout Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Granite Real Estate Investment Trust ranks #131 out of 712 companies for Dividend Payout Ratio. This places Granite Real Estate Investment Trust in the top 18% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Granite Real Estate Investment Trust's value of 0.63 is 36% below this benchmark. Historically, Granite Real Estate Investment Trust's own Dividend Payout Ratio has ranged from 0.59 to 0.93 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.99, Granite Real Estate Investment Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 712 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Granite Real Estate Investment Trust's current Dividend Payout Ratio of 0.63 is 36% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Granite Real Estate Investment Trust and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granite Real Estate Investment Trust's current Dividend Payout Ratio is 0.63, which is 22% below median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite Real Estate Investment Trust stock overvalued right now?
Granite Real Estate Investment Trust (FRA:4I70) has a current Dividend Payout Ratio of 0.63. The stock's GF Value™ is €56.20, compared to a current price of €60.67 — trading 8% above its estimated fair value. The current Dividend Payout Ratio is 0.63, which is 22% below median its 10-year median of 0.81 and 36% below the REITs industry median of 0.99. Granite Real Estate Investment Trust's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Granite Real Estate Investment Trust (FRA:4I70), the current Dividend Payout Ratio is 0.63 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Granite Real Estate Investment Trust (FRA:4I70) Overvalued in 2026?
Based on GuruFocus' analysis, Granite Real Estate Investment Trust stock appears to be overvalued.
The current stock price of €60.67 is trading 8% above its estimated GF Value™ of €56.20.
Key valuation signals for FRA:4I70:
Dividend Payout Ratio: 0.63 (22% below median its 10-year median of 0.81)
GF Value™: €56.20 vs. price of €60.67 (8% above fair value)
Industry Position: 36% below the REITs median (#131 of 712)
No single metric tells the full story. See the FRA:4I70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Granite Real Estate Investment Trust Business Description
Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse, 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.
76GF Score
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