Granite Real Estate Investment Trust (GRTUF) Operating Margin (2013 - 2025)
Granite Real Estate Investment Trust's Operating Margin was 83.10% in Q3 2025, down 1.19 percentage points from 84.28% a year earlier but up 0.45 percentage points from the prior quarter.
Granite Real Estate Investment Trust (GRTUF) Operating Margin (2013 - 2025) Analysis & Trends
On a trailing twelve-month basis, Granite Real Estate Investment Trust's Operating Margin was 82.23% through Sep 30, 2025, up 17.15 percentage points year-over-year; for FY2024, it came in at 82.93%, down 0.57 percentage points from FY2023.
- Operating Margin shows a five-year change of -4.15 percentage points (FY2019 to FY2024).
- In earlier years, Operating Margin was 83.50% in FY2023 (+0.01 pp), 83.49% in FY2022 (-1.06 pp), 84.55% in FY2021 (-1.59 pp) and 86.14% in FY2020 (-0.94 pp).
- Quarterly Operating Margin has moved between 5.86% (Q4 2023) and 85.96% (Q3 2021) over five years.
- Compared with a year earlier, Operating Margin has declined for three straight quarters, with an average year-over-year change of +0.12 percentage points over the last seven quarters.
- The best year-over-year quarter for Operating Margin over five years was Q4 2024 (a gain of 76.04 percentage points); the worst was Q4 2023 (a drop of 73.46 percentage points).
- Per Business Quant data, GRTUF's Operating Margin in the three quarters before Q3 2025 was 82.65% (Q2 2025), 81.25% (Q1 2025) and 81.89% (Q4 2024).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 83.10% |
| Jun 30, 2025 | 82.65% |
| Mar 31, 2025 | 81.25% |
| Dec 31, 2024 | 81.89% |
| Sep 30, 2024 | 84.28% |
| Jun 30, 2024 | 83.25% |
| Mar 31, 2024 | 82.41% |
| Dec 31, 2023 | 84.75% |
| Sep 30, 2023 | 83.04% |
| Jun 30, 2023 | 83.33% |
| Mar 31, 2023 | 82.90% |
| Dec 31, 2022 | 81.53% |
| Sep 30, 2022 | 84.23% |
| Jun 30, 2022 | 84.52% |
| Mar 31, 2022 | 83.98% |
| Dec 31, 2021 | 81.96% |
| Sep 30, 2021 | 85.96% |
| Jun 30, 2021 | 85.43% |
| Mar 31, 2021 | 84.98% |
| Dec 31, 2020 | 83.09% |
Granite Real Estate Investment Trust Operating Margin 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=operating-margin&ticker=GRTUF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=GRTUF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();