Granite Real Estate Investment Trust reported net income of $49.42M for the quarter ended Sep 2025. This income statement covers 38 quarters of results from Dec 2011 through Sep 2025, standardized by Business Quant from the company’s SEC filings.
| Income StatementIncome Statement | Dec2011 | Dec2012 | Mar2013 | Dec2013 | Dec2014 | Dec2015 | Dec2016 | Dec2017 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||
| Rental Revenue | ||||||||||||||||||||||||||||||||||||||
| Rental Revenue | 71.49M | 75.77M | 76.47M | 78.09M | 83.54M | 85.74M | 86.12M | 85.57M | 92.53M | 95.87M | 97.03M | 98.09M | 95.34M | 103.11M | 102.21M | 104.02M | 105.95M | 107.26M | 107.75M | 111.18M | ||||||||||||||||||
| Other Revenue | -767.05 | -0.01M | 0.37M | 0.56M | ||||||||||||||||||||||||||||||||||
| Total Revenue | 71.49M | 75.77M | 76.47M | 78.09M | 83.54M | 85.74M | 86.12M | 85.57M | 92.53M | 95.86M | 97.03M | 98.09M | 95.34M | 103.11M | 102.58M | 104.02M | 105.95M | 107.81M | 107.75M | 111.18M | ||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||
| Property Operating ExpensesProperty Expenses | 12.09M | 11.38M | 11.15M | 10.96M | 15.07M | 13.74M | 13.33M | 13.49M | 17.09M | 16.42M | 16.20M | 16.63M | 14.54M | 18.14M | 17.18M | 16.37M | 19.18M | 20.22M | 18.69M | 18.82M | ||||||||||||||||||
| General and AdministrativeG&A | 6.06M | 6.95M | 6.75M | 7.07M | 9.84M | 6.63M | 4.71M | 4.98M | 6.34M | 10.87M | 6.63M | 6.27M | 6.90M | 7.20M | 5.69M | 9.68M | 5.94M | 5.92M | 7.24M | 10.26M | ||||||||||||||||||
| Depreciation and AmortizationD&A | 0.27M | 0.26M | 0.33M | 0.24M | 0.16M | 0.32M | 0.24M | 0.31M | 0.29M | 0.24M | 0.23M | 0.23M | 0.29M | 0.22M | 0.29M | 0.24M | 0.21M | 0.22M | 0.22M | 0.22M | ||||||||||||||||||
| Impairment of Real EstateImpairments | ||||||||||||||||||||||||||||||||||||||
| Restructuring CostsRestructuring | ||||||||||||||||||||||||||||||||||||||
| Interest Expense (in Operating Expenses)Interest Expense (Op.) | 8.31M | 11.69M | 7.81M | 8.50M | 9.60M | 8.61M | 16.35M | |||||||||||||||||||||||||||||||
| Other Operating ExpensesOther Opex | -20.68M | -23.33M | -19.28M | -19.70M | -24.83M | -22.66M | -13.57M | -13.80M | -17.39M | -16.66M | -16.43M | -16.87M | -14.84M | -18.36M | -17.47M | -32.96M | -19.40M | -20.44M | -18.91M | -19.04M | ||||||||||||||||||
| Total Operating ExpensesTotal Opex | 6.06M | 6.95M | 6.75M | 7.07M | 9.84M | 6.63M | 4.71M | 4.98M | 6.34M | 10.87M | 6.63M | 6.27M | 6.90M | 7.20M | 5.69M | 9.68M | 5.94M | 5.92M | 7.24M | 10.26M | ||||||||||||||||||
| Operating Income | 59.40M | 64.39M | 65.33M | 67.13M | 68.46M | 72.00M | 72.79M | 72.07M | 75.44M | 79.48M | 80.85M | 81.46M | 80.80M | 84.98M | 85.40M | 87.67M | 86.76M | 87.60M | 89.06M | 92.39M | ||||||||||||||||||
| Non-operating Items | ||||||||||||||||||||||||||||||||||||||
| Interest Expense | 8.39M | 9.74M | 12.30M | 13.17M | 14.30M | 14.05M | 16.82M | 16.06M | 16.23M | 17.04M | 16.45M | 17.33M | 17.82M | |||||||||||||||||||||||||
| Gains on Sale of Real Estate and InvestmentsGains on Sales | 0.54M | 0.16M | 0.33M | -0.16M | 0.16M | 0.32M | 0.24M | -0.15M | 0.45M | -0.22M | 0.67M | 0.00M | -0.45M | -0.66M | ||||||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -0.51M | -0.55M | -0.89M | -0.95M | -1.67M | 0.32M | -0.16M | -0.46M | -0.59M | -0.06M | 0.45M | 0.15M | 0.22M | -0.22M | -0.07M | 0.67M | 9.95M | 0.07M | 0.72M | -0.06M | ||||||||||||||||||
| Net income details | ||||||||||||||||||||||||||||||||||||||
| Income before TaxesEBT | 154.19M | 211.83M | 301.90M | 395.30M | 328.52M | 447.00M | -135.06M | -117.08M | -109.92M | 1.33M | 50.72M | 19.47M | 24.24M | 70.66M | 61.71M | 90.76M | 64.00M | 32.13M | 76.67M | 38.89M | ||||||||||||||||||
| Tax ProvisionsTaxes | 48.75M | 29.94M | 44.01M | 60.22M | 57.75M | 54.08M | -39.14M | -45.54M | -16.87M | -7.38M | 5.60M | -6.02M | 0.73M | 4.68M | 5.89M | 8.80M | 3.29M | 1.75M | 7.97M | -10.53M | ||||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 105.44M | 181.88M | 257.89M | 335.08M | 270.77M | 392.92M | -95.92M | -71.54M | -93.05M | 8.71M | 45.11M | 25.49M | 23.51M | 65.98M | 55.83M | 81.96M | 60.70M | 30.38M | 68.70M | 49.42M | ||||||||||||||||||
| Income from Discontinued OperationsIncome (Discontinued) | ||||||||||||||||||||||||||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | 105.44M | 181.88M | 257.89M | 335.08M | 270.77M | 392.92M | -95.92M | -71.54M | -93.05M | 8.71M | 45.11M | 25.49M | 23.51M | 65.98M | 55.83M | 81.96M | 60.70M | 30.38M | 68.70M | 49.42M | ||||||||||||||||||
| Net Income Attributable to Noncontrolling InterestsNCI Net Income | 0.02M | 0.11M | 0.08M | -0.03M | 0.08M | -0.08M | -0.08M | -0.07M | 1.48M | -1.39M | 0.82M | 0.44M | -0.13M | 0.15M | 0.19M | 0.79M | 0.01M | 0.14M | 0.00M | |||||||||||||||||||
| Income towards Parent CompanyParent Net Inc | 128.56M | 181.88M | 257.89M | 335.08M | 270.77M | 392.92M | -95.92M | -71.54M | -93.05M | 8.73M | 45.11M | 25.51M | 23.51M | 65.99M | 55.86M | 81.99M | 37.80M | 30.59M | 68.71M | 49.42M | ||||||||||||||||||
| Net Income towards Common StockholdersNet Income | 128.56M | 181.88M | 257.89M | 335.08M | 270.77M | 392.92M | -95.92M | -71.54M | -93.05M | 8.73M | 45.11M | 25.51M | 23.06M | 66.12M | 55.71M | 81.81M | 37.80M | 30.59M | 68.56M | 49.42M | ||||||||||||||||||
| Additional items | ||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | 2.16 | 3.06 | 4.34 | 5.64 | 4.12 | 5.98 | -1.46 | -1.09 | -1.43 | 0.13 | 0.69 | 0.39 | 0.36 | 1.04 | 0.87 | 1.28 | 0.59 | 0.48 | 1.08 | 0.78 | ||||||||||||||||||
| EPS (Diluted) | 2.16 | 2.95 | 4.11 | 5.09 | 4.23 | 6.14 | -1.50 | -1.12 | -1.42 | 0.13 | 0.68 | 0.39 | 0.36 | 1.03 | 0.87 | 1.28 | 0.59 | 0.48 | 1.07 | 0.77 | ||||||||||||||||||
| Weighted Average Shares OutstandingWtd. Avg. Shares | 59.40M | 59.40M | 59.40M | 59.40M | 65.70M | 65.70M | 65.70M | 65.70M | 65.20M | 65.20M | 65.20M | 65.20M | 63.70M | 63.70M | 63.70M | 63.70M | 63.70M | 63.70M | 63.70M | 63.70M | ||||||||||||||||||
| Weighted Average Shares Outstanding (Diluted)Wtd. Avg. Shares (Dil.) | 59.50M | 61.70M | 62.80M | 65.80M | 64.00M | 64.00M | 64.00M | 64.00M | 65.30M | 65.80M | 65.90M | 65.50M | 63.90M | 63.90M | 63.90M | 63.90M | 63.90M | 63.90M | 63.90M | 63.90M | ||||||||||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 61.69M | 65.69M | 63.71M | 63.36M | 62.72M | |||||||||||||||||||||||||||||||||
| EBITDA | 59.67M | 64.65M | 65.65M | 67.37M | 68.62M | 72.32M | 73.02M | 72.38M | 75.73M | 79.72M | 81.08M | 81.69M | 81.09M | 85.20M | 85.69M | 87.92M | 86.98M | 87.82M | 89.28M | 92.61M | ||||||||||||||||||
| Tax Rate | 31.62 | 14.14 | 14.58 | 15.23 | 17.58 | 12.10 | 11.05 | 3.03 | 6.62 | 9.54 | 9.69 | 5.15 | 5.45 | 10.39 |
Pull Granite Real Estate Investment Trust's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/statements?ticker=GRTUF&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/statements"
params = {"ticker": "GRTUF", "statement": "IS", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/statements?ticker=GRTUF&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();