StockNews.AI
GRP-UN
StockNews.AI
173 days

Granite REIT Announces Fourth Quarter and Year End Results for 2024

1. Granite's Q4 2024 NOI rose to $121.2 million from $110.0 million.

Earnings
-3.66%Current Return
VS
-1.35%S&P 500
$47.502/27 03:19 AM EDTEvent Start
$45.7602/28 10:09 AM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

The increase in net operating income suggests improved financial health, which typically attracts investors. Historical examples show that consistent NOI growth often leads to stock appreciation.

How important is it?

Positive NOI growth can lead to higher dividends and increased investment interest, driving stock prices.

Why Short Term?

Investors may react quickly to quarterly results, influencing GRP-UN’s price in the short term.

Related Companies

GRT.UNREIT
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) ("Granite" or the "Trust") announced today its consolidated combined results for the three month period and year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Highlights for the three month period and year ended December 31, 2024 are set out below: Financial: Granite's net operating income ("NOI") was $121.2 million in the fourth quarter of 2024 compared to $110.0 million in the prior year period.

Related News