GRP.U Income Statement - TTM - Granite Real Estate Investment Trust

Income Statement (TTM)

Granite Real Estate Investment Trust Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	320	340	358	371	381	393	406	422	435	456	477	497	517	521	531	540	550	569	584	593
Change (%)		6.15	5.26	3.62	2.79	3.17	3.21	3.89	3.16	4.66	4.61	4.31	3.99	0.82	1.79	1.78	1.93	3.31	2.62	1.63
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	41	47	51	55	58	61	64	67	71	75	80	85	89	86	88	90	90	97	102	104
Change (%)		14.81	8.96	7.38	4.25	5.70	4.95	5.20	5.81	5.89	6.33	6.02	5.46	-3.81	2.64	1.96	0.04	7.89	4.71	2.34
% of Revenue	12.82	13.86	14.35	14.87	15.08	15.45	15.71	15.91	16.32	16.51	16.78	17.06	17.30	16.50	16.64	16.67	16.36	17.09	17.43	17.56

Gross Operating Profit	279	293	307	316	324	333	342	355	364	380	397	412	428	435	442	450	460	471	482	489
Change (%)		4.88	4.66	2.99	2.54	2.71	2.90	3.65	2.66	4.43	4.27	3.97	3.69	1.79	1.62	1.74	2.31	2.41	2.19	1.48
% of Revenue	87.18	86.14	85.65	85.13	84.92	84.55	84.29	84.09	83.68	83.49	83.22	82.94	82.70	83.50	83.36	83.33	83.64	82.91	82.57	82.44

SG&A	31	32	35	35	34	38	38	35	33	29	36	39	41	41	36	34	40	35	34	38
Change (%)		2.88	9.46	-1.39	-1.47	10.97	-0.68	-6.50	-7.24	-9.44	21.32	7.92	6.50	0.51	-12.71	-5.54	17.70	-11.57	-2.80	9.16
% of Revenue	9.71	9.41	9.78	9.31	8.92	9.60	9.24	8.31	7.48	6.47	7.50	7.76	7.95	7.92	6.79	6.30	7.28	6.23	5.90	6.34

R&D
Change (%)
% of Revenue

OpEx	74	80	88	91	93	101	103	104	106	106	117	125	131	129	126	125	131	134	137	143
Change (%)		8.10	9.23	3.79	1.89	8.35	2.63	1.02	1.49	0.48	10.35	6.45	5.17	-2.08	-2.34	-0.19	4.86	1.88	2.69	4.00
% of Revenue	23.18	23.61	24.50	24.54	24.33	25.55	25.40	24.70	24.30	23.33	24.61	25.11	25.40	24.67	23.67	23.21	23.87	23.54	23.56	24.11

Operating Income	246	260	270	280	289	293	303	318	330	349	359	372	386	393	405	415	419	435	446	450
Change (%)		5.56	4.03	3.56	3.09	1.50	3.41	4.87	3.71	6.01	2.87	3.62	3.60	1.81	3.14	2.39	1.05	3.75	2.60	0.90
% of Revenue	76.82	76.39	75.50	75.46	75.67	74.45	74.60	75.30	75.70	76.67	75.39	74.89	74.60	75.33	76.33	76.79	76.13	76.46	76.44	75.89

Interest Expense	-36	-42	-44	-48	-42	-42	-37	-36	-33	-37	-50	-62	-76	-99	-103	-108	-112	-83	-83	-82
Change (%)		16.49	5.53	7.85	-11.98	0.00	-11.79	-3.61	-7.62	13.04	35.32	23.73	21.49	31.10	3.74	5.06	3.51	-25.98	0.47	-0.88
% of Revenue	-11.19	-12.28	-12.31	-12.81	-10.97	-10.64	-9.09	-8.43	-7.55	-8.16	-10.55	-12.51	-14.62	-19.01	-19.37	-20.00	-20.31	-14.55	-14.25	-13.90

Net Income	353	430	579	820	1,136	1,310	1,578	1,138	623	156	-332	-147	-21	137	216	230	308	361	315	334
Change (%)		21.83	34.63	41.69	38.61	15.27	20.43	-27.85	-45.25	-75.01	-313.28	-55.64	-85.75	-750.83	58.06	6.34	34.16	17.02	-12.55	5.97
% of Revenue	110.08	126.34	161.59	220.97	297.95	332.90	388.43	269.77	143.18	34.19	-69.71	-29.65	-4.06	26.22	40.71	42.54	55.99	63.42	54.04	56.35

Source: Capital IQ

Granite Real Estate Investment Trust - Income Statement (TTM)

Income Statement (TTM)

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