Granite Real Estate Investment Trust (GRTUF) Interest Expense (2022 - 2025)
Granite Real Estate Investment Trust (GRTUF) recorded Interest Expenses of $17.82 million in Q3 2025, up 9.0% from $16.35 million a year earlier and up 2.8% from the prior quarter.
Powered by 
Analysis
Granite Real Estate Investment Trust (GRTUF) Interest Expense (2022 - 2025) Analysis & Trends
On a TTM basis, Granite Real Estate Investment Trust's Interest Expenses came in at $68.63 million as of Sep 30, 2025, up 4.9% year-over-year; for FY2024, it came in at $65.66 million, up 12.5% from FY2023.
- Annual Interest Expenses has increased for eight straight years, with a five-year compound annual growth rate of 23.8% (FY2019 to FY2024).
- Across earlier years, Interest Expenses came in at $58.34 million in FY2023 (+48.8%), $39.2 million in FY2022 (+4.0%), $37.68 million in FY2021 (+40.9%) and $26.75 million in FY2020 (+18.6%).
- The Q3 2025 figure is the highest quarterly Interest Expenses in data going back to Q2 2018.
- On a year-over-year basis, Interest Expenses has increased for 11 consecutive quarters, with growth averaging 58.5% over the last eight quarters.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 396.4% in Q4 2023, against a decline of 64.8% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $17.33 million (Q2 2025), $16.45 million (Q1 2025) and $17.04 million (Q4 2024).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 17.82 Mn |
| Jun 30, 2025 | 17.33 Mn |
| Mar 31, 2025 | 16.45 Mn |
| Dec 31, 2024 | 17.04 Mn |
| Jun 30, 2024 | 16.23 Mn |
| Mar 31, 2024 | 16.06 Mn |
| Dec 31, 2023 | 16.82 Mn |
| Sep 30, 2023 | 14.05 Mn |
| Jun 30, 2023 | 14.30 Mn |
| Mar 31, 2023 | 13.17 Mn |
| Dec 31, 2022 | 12.30 Mn |
| Sep 30, 2022 | 9.74 Mn |
| Jun 30, 2022 | 8.39 Mn |
API Access
Granite Real Estate Investment Trust Interest Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense&ticker=GRTUF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense", "ticker": "GRTUF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense&ticker=GRTUF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();