Granite Real Estate Investment Trust (GRTUF) Price to Earnings (2018 - 2025)
Granite Real Estate Investment Trust's Price to Earnings was 16.77 in Q3 2025, down 1.8% from 17.08 a year earlier but up 27.0% from the prior quarter.
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Granite Real Estate Investment Trust (GRTUF) Price to Earnings (2018 - 2025) Analysis & Trends
For FY2024, Price to Earnings at Granite Real Estate Investment Trust came in at 11.56, down 68.0% from FY2023.
- In earlier years, Price to Earnings was 36.10 in FY2023 (+33.1%), 27.11 in FY2022 (+417.8%), 5.24 in FY2021 (-55.5%) and 11.76 in FY2020 (+23.6%).
- Quarterly Price to Earnings has moved between 4.03 (Q1 2022) and 35.70 (Q4 2023) over five years.
- Compared with a year earlier, Price to Earnings has declined for four straight quarters, with an average decline of 35.3% over the last four quarters.
- The best year-over-year quarter for Price to Earnings over five years was Q3 2022 (growth of 32.4%); the worst was Q4 2024 (a decline of 67.6%).
- Per Business Quant data, GRTUF's Price to Earnings in the three quarters before Q3 2025 was 13.20 (Q2 2025), 12.88 (Q1 2025) and 11.55 (Q4 2024).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 18.76 |
| Jun 30, 2025 | 14.53 |
| Mar 31, 2025 | 14.26 |
| Dec 31, 2024 | 12.61 |
| Sep 30, 2024 | 17.08 |
| Jun 30, 2024 | 18.44 |
| Mar 31, 2024 | 22.69 |
| Dec 31, 2023 | 35.70 |
| Dec 31, 2022 | 24.53 |
| Sep 30, 2022 | 6.43 |
| Jun 30, 2022 | 4.45 |
| Mar 31, 2022 | 4.03 |
| Dec 31, 2021 | 5.23 |
| Sep 30, 2021 | 4.86 |
| Jun 30, 2021 | 6.33 |
| Mar 31, 2021 | 8.46 |
| Dec 31, 2020 | 11.69 |
| Sep 30, 2020 | 11.96 |
| Jun 30, 2020 | 10.31 |
| Mar 31, 2020 | 7.70 |
API Access
Granite Real Estate Investment Trust Price to Earnings 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=price-to-earnings&ticker=GRTUF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=GRTUF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();