Granite Real Estate Investment Trust Website

Granite Real Estate Investment Trust

TSX-GRT.UN

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Other Revenues, Total

—

—

—

—

—

—

—

—

—

—

0.5

Total Revenues

272.8

340.2

393.5

455.6

521.3

540.5

Total Revenues % Chg.

10.7%

24.7%

15.7%

15.8%

14.4%

8.7%

Cost of Goods Sold, Total

35.4

47.2

60.8

75.2

86

90

Gross Profit

237.5

293

332.7

380.4

435.2

450.5

Selling General & Admin Expenses, Total

31

32

37.8

28.6

40.4

33.2

Depreciation & Amortization

0.9

1.2

1.3

1.6

1.3

1.3

Other Operating Expenses

—

—

—

—

—

0.5

—

0.6

0.9

1

1

Other Operating Expenses, Total

32.3

33.2

39.7

31.1

42.7

35.5

Operating Income

205.1

259.9

293

349.3

392.5

415

Interest Expense, Total

-28

-41.8

-41.9

-37.2

-99.1

-108

Interest And Investment Income

9.6

2.4

3.1

1.6

7.7

8.1

Net Interest Expenses

-18.4

-39.4

-38.7

-35.5

-91.4

-99.9

Currency Exchange Gains (Loss)

-1.6

3.7

5.1

1.2

-1

-0.1

Other Non Operating Income (Expenses)

-3.4

2.5

-2.6

-2.4

3.1

0

EBT, Excl. Unusual Items

181.7

226.7

256.7

312.6

303.2

315

Restructuring Charges

—

—

—

—

—

—

—

—

—

—

-1.1

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Assets

-3

-0.9

-0.8

-0.7

-1.5

-0.9

Asset Writedown

245.4

273.4

1,298.9

-219.7

-172.7

-74.3

Other Unusual Items

0.9

-0.2

-4

—

—

—

EBT, Incl. Unusual Items

424.9

499

1,550.8

92.2

129

238.7

Income Tax Expense

42.7

69.1

240.6

-63.7

-9.5

7.3

Earnings From Continuing Operations

382.3

429.9

1,310.3

155.8

138.5

231.4

Earnings Of Discontinued Operations

—

—

—

—

—

—

—

—

—

—

Minority Interest

—

—

—

—

-0.2

-0.1

-0.3

-0.1

-1.8

-1.7

Net Income

382.1

429.8

1,309.9

155.8

136.7

229.7

Net Income to Common Incl Extra Items

382.1

429.8

1,309.9

155.8

136.7

229.7

Net Income to Common Excl. Extra Items

382.1

429.8

1,309.9

155.8

136.7

229.7

Total Shares Outstanding

54.1

61.7

65.7

63.7

63.4

62.7

Weighted Avg. Shares Outstanding

54.1

61.7

65.7

63.7

63.4

62.7

Weighted Avg. Shares Outstanding Dil

54.1

61.7

65.7

63.7

63.4

62.7

EPS

7.1

7

19.9

2.4

2.2

3.7

EPS Diluted

7.1

7

19.9

2.4

2.2

3.7

EBITDA

206

261

294.3

350.9

393.8

416.3

Effective Tax Rate

10%

13.8%

15.5%

-69.1%

-7.4%

3.1%