Granite Real Estate Investment Trust (GRTUF) Total Operating Expenses (2013 - 2025)
Granite Real Estate Investment Trust's Operating Expenses came in at $10.26 million for Q3 2025, up 6.0% from $9.68 million a year earlier and up 41.7% from the prior quarter.
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Analysis
Granite Real Estate Investment Trust (GRTUF) Total Operating Expenses (2013 - 2025) Analysis & Trends
Over the trailing twelve months to Sep 30, 2025, Granite Real Estate Investment Trust reported Operating Expenses of $29.36 million, down 0.4% year-over-year; for FY2024, it came in at $28.42 million, down 7.5% from FY2023.
- Operating Expenses carries a five-year compound annual growth rate of 3.7% (FY2019 to FY2024).
- Going back by year, Operating Expenses was $30.71 million in FY2023 (+35.5%), $22.66 million in FY2022 (-26.0%), $30.64 million in FY2021 (+27.5%) and $24.04 million in FY2020 (+1.5%).
- The Q3 2025 figure represents the highest quarterly Operating Expenses since Q1 2023.
- Year-over-year, Operating Expenses increased in four of the last eight quarters, with growth averaging 19.3%.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2023 (growth of 146.6%), and the weakest in Q4 2022 (a decline of 71.5%).
- Business Quant data shows GRTUF's Operating Expenses at $7.24 million (Q2 2025), $5.92 million (Q1 2025) and $5.94 million (Q4 2024) in the three quarters before Q3 2025.
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 10.26 Mn |
| Jun 30, 2025 | 7.24 Mn |
| Mar 31, 2025 | 5.92 Mn |
| Dec 31, 2024 | 5.94 Mn |
| Sep 30, 2024 | 9.68 Mn |
| Jun 30, 2024 | 5.69 Mn |
| Mar 31, 2024 | 7.20 Mn |
| Dec 31, 2023 | 6.90 Mn |
| Sep 30, 2023 | 6.27 Mn |
| Jun 30, 2023 | 6.63 Mn |
| Mar 31, 2023 | 10.87 Mn |
| Dec 31, 2022 | 6.34 Mn |
| Sep 30, 2022 | 4.98 Mn |
| Jun 30, 2022 | 4.71 Mn |
| Mar 31, 2022 | 6.63 Mn |
| Dec 31, 2021 | 9.84 Mn |
| Sep 30, 2021 | 7.07 Mn |
| Jun 30, 2021 | 6.75 Mn |
| Mar 31, 2021 | 6.95 Mn |
| Dec 31, 2020 | 6.06 Mn |
API Access
Granite Real Estate Investment Trust Total 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=total-operating-expenses&ticker=GRTUF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-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=total-operating-expenses&ticker=GRTUF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();