Granite Real Estate Investment Trust (GRTUF) Property Operating Expenses (2011 - 2025)
Granite Real Estate Investment Trust's Property Operating Expenses was $18.82 million in Q3 2025, up 15.0% from $16.37 million a year earlier and up 0.7% from the prior quarter.
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Analysis
Granite Real Estate Investment Trust (GRTUF) Property Operating Expenses (2011 - 2025) Analysis & Trends
On a trailing twelve-month basis, Granite Real Estate Investment Trust's Property Operating Expenses was $76.92 million through Sep 30, 2025, up 16.1% year-over-year; for FY2024, it came in at $70.96 million, up 11.3% from FY2023.
- Property Operating Expenses has now increased for six consecutive years, with a five-year compound annual growth rate of 21.6% (FY2019 to FY2024).
- In earlier years, Property Operating Expenses was $63.75 million in FY2023 (+10.2%), $57.86 million in FY2022 (+19.2%), $48.53 million in FY2021 (+37.8%) and $35.21 million in FY2020 (+32.1%).
- Quarterly Property Operating Expenses has moved between $3.09 million (Q4 2022) and $20.22 million (Q1 2025) over five years.
- Compared with a year earlier, Property Operating Expenses has increased for four straight quarters, with growth averaging 56.5% over the last eight quarters.
- The best year-over-year quarter for Property Operating Expenses over five years was Q4 2023 (growth of 370.0%); the worst was Q4 2022 (a decline of 79.5%).
- Per Business Quant data, GRTUF's Property Operating Expenses in the three quarters before Q3 2025 was $18.69 million (Q2 2025), $20.22 million (Q1 2025) and $19.18 million (Q4 2024).
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 18.82 Mn |
| Jun 30, 2025 | 18.69 Mn |
| Mar 31, 2025 | 20.22 Mn |
| Dec 31, 2024 | 19.18 Mn |
| Sep 30, 2024 | 16.37 Mn |
| Jun 30, 2024 | 17.18 Mn |
| Mar 31, 2024 | 18.14 Mn |
| Dec 31, 2023 | 14.54 Mn |
| Sep 30, 2023 | 16.63 Mn |
| Jun 30, 2023 | 16.20 Mn |
| Mar 31, 2023 | 16.42 Mn |
| Dec 31, 2022 | 17.09 Mn |
| Sep 30, 2022 | 13.49 Mn |
| Jun 30, 2022 | 13.33 Mn |
| Mar 31, 2022 | 13.74 Mn |
| Dec 31, 2021 | 15.07 Mn |
| Sep 30, 2021 | 10.96 Mn |
| Jun 30, 2021 | 11.15 Mn |
| Mar 31, 2021 | 11.38 Mn |
| Dec 31, 2020 | 12.09 Mn |
API Access
Granite Real Estate Investment Trust Property Operating Expenses 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=property-operating-expenses&ticker=GRTUF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-operating-expenses", "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=property-operating-expenses&ticker=GRTUF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();