Granite Real Estate Investment Trust (GRP-UN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Total Assets | 9.63B | 9.47B | 9.63B | 9.62B | 9.32B | 9.27B | 9.23B | 9.07B | 9.22B | 9.15B | 9.26B | 9.28B | 9.56B | 9.11B | 8.99B | 8.57B | 8.2B | 7.16B | 6.56B | 6.75B |
| Asset Growth % | 3.37% | 2.1% | 4.38% | 6.1% | 1.1% | 1.35% | -0.36% | -2.31% | -3.61% | 0.4% | 3% | 8.33% | 16.66% | 27.22% | 37.01% | 26.96% | 38.62% | 22.44% | 28.21% | 40.46% |
| Real Estate & Other Assets | 3.23M | 9.03B | 9.48B | 9.46B | 9.16B | 9.13B | 9.04B | 8.91B | 49.08M | 65.8M | 85M | 9B | 96.53M | 98.57M | 117.7M | 8.07B | 109.03M | 42.35M | 44.3M | 51.84M |
| PP&E (Net) | 9.11B | 3.49M | 3.69M | 3.91M | 4.22M | 4.45M | 4.79M | 3.15M | 8.86B | 8.77B | 8.87B | 4.04M | 8.86B | 8.47B | 8.44B | 2.49M | 7.21B | 6.37B | 5.98B | 5.82B |
| Investment Securities | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 516.83M | 418.96M | 149.83M | 158M | 156.27M | 137.61M | 182.31M | 151.7M | 182.27M | 161.74M | 163.97M | 273.59M | 379.32M | 377.64M | 308.04M | 486.53M | 837.44M | 698.96M | 506.51M | 845.84M |
| Cash & Equivalents | 127.93M | 86.42M | 123.06M | 126.17M | 133.49M | 101.26M | 139.94M | 116.13M | 158.31M | 119.16M | 117.19M | 135.08M | 274.3M | 157.6M | 228.45M | 402.51M | 778.97M | 678.14M | 480.71M | 831.28M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 381.79M | 320.96M | 15.26M | 12.95M | 13.68M | 23.81M | 27.16M | 22.81M | 13.34M | 34.4M | 33.07M | 55.86M | 88.91M | 207.79M | 66.76M | 64.61M | 51.41M | 13.98M | 16.8M | 7.82M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.12B | 4.07B | 3.96B | 3.88B | 3.86B | 3.84B | 3.83B | 3.78B | 3.81B | 3.78B | 3.8B | 3.8B | 3.83B | 3.48B | 3.28B | 3.25B | 3.17B | 2.55B | 2.52B | 2.83B |
| Total Debt | 3.34B | 3.21B | 3.13B | 3.11B | 3.12B | 3.13B | 3.12B | 3.1B | 3.13B | 3.1B | 3.09B | 3.07B | 3.08B | 2.71B | 2.47B | 2.46B | 2.49B | 1.98B | 1.99B | 2.33B |
| Net Debt | 3.21B | 3.13B | 3B | 2.99B | 2.99B | 3.03B | 2.98B | 2.98B | 2.97B | 2.98B | 2.97B | 2.93B | 2.8B | 2.55B | 2.24B | 2.06B | 1.71B | 1.31B | 1.51B | 1.49B |
| Long-Term Debt | 3.21B | 3.18B | 3.09B | 3.08B | 2.3B | 2.84B | 2.84B | 2.82B | 2.69B | 2.66B | 2.59B | 2.58B | 3.04B | 2.68B | 2.43B | 2.43B | 2.46B | 1.95B | 1.96B | 2.03B |
| Short-Term Borrowings | 99.38M | 0 | 0 | 0 | 790.49M | 253.16M | 250.27M | 244.13M | 401.04M | 405.15M | 466.05M | 451.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 266.82M |
| Capital Lease Obligations | 34.82M | 34.83M | 34.66M | 34.39M | 34.73M | 34.64M | 34.84M | 33.18M | 33.18M | 33.38M | 33.71M | 33.72M | 33.17M | 33.33M | 31.55M | 32.15M | 32.55M | 32.76M | 32.94M | 33.77M |
| Total Current Liabilities | 283.32M | 149.21M | 161.79M | 147.03M | 946.82M | 393.45M | 401.37M | 384.49M | 549.89M | 539.7M | 631.92M | 619.32M | 180.89M | 159.8M | 157.26M | 164.38M | 137.64M | 107.8M | 111.39M | 373.92M |
| Accounts Payable | 132.04M | 5.78M | 4.2M | 13.54M | 6.96M | 3.36M | 6.73M | 11.4M | 3.81M | 2M | 15.85M | 11.2M | 7.48M | 1.54M | 2.72M | 7.98M | 1.7M | 2.26M | 5.34M | 3.85M |
| Deferred Revenue | 0 | 22.27M | 24.59M | 18.68M | 18.54M | 21.32M | 19.64M | 17.81M | 0 | 0 | 0 | 17.36M | 0 | 0 | 0 | 12.1M | 0 | 0 | 0 | 0 |
| Other Liabilities | 592.24M | 108.78M | 69.52M | 32.3M | 17.39M | 8.74M | 12.37M | 8.43M | 538.28M | 543.06M | 548.56M | 6.39M | 576.83M | 612.21M | 656.43M | 18.62M | 539.91M | 460.54M | 415M | 392.84M |
| Total Equity | 5.52B | 5.4B | 5.67B | 5.74B | 5.45B | 5.44B | 5.4B | 5.28B | 5.4B | 5.37B | 5.46B | 5.48B | 5.73B | 5.63B | 5.71B | 5.32B | 5.03B | 4.61B | 4.04B | 3.92B |
| Equity Growth % | 1.14% | -0.65% | 5.13% | 8.57% | 0.95% | 1.22% | -1.11% | -3.59% | -5.7% | -4.61% | -4.45% | 2.98% | 13.88% | 22.14% | 41.25% | 35.68% | 38.87% | 28.08% | 20.03% | 24.59% |
| Shareholders Equity | 5.51B | 5.39B | 5.67B | 5.73B | 5.45B | 5.43B | 5.39B | 5.28B | 5.4B | 5.37B | 5.45B | 5.48B | 5.72B | 5.63B | 5.71B | 5.32B | 5.03B | 4.61B | 4.04B | 3.92B |
| Minority Interest | 8.7M | 8.39M | 8.8M | 8.39M | 7.11M | 6.93M | 6.68M | 6.69M | 6.2M | 5.09M | 7.05M | 4.97M | 4.43M | 3.48M | 3.61M | 2.88M | 2.27M | 2.17M | 2.22M | 2.13M |
| Common Stock | 5.51B | 3.15B | 3.23B | 3.29B | 3.29B | 3.3B | 3.33B | 3.33B | 3.35B | 3.35B | 3.35B | 3.35B | 3.4B | 3.44B | 3.45B | 3.44B | 3.44B | 3.44B | 3.14B | 3.14B |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | -5.09M | 5.25M | 5.25M | 11.6M | 11.6M | 11.6M | 11.6M | 27M | 43.28M | 53.33M | 53.33M | 53.33M | 53.33M | 53.33M | 53.33M |
| Retained Earnings | 0 | 1.82B | 1.78B | 1.79B | 1.76B | 1.7B | 1.67B | 1.63B | 1.65B | 1.67B | 1.66B | 1.7B | 1.88B | 2.02B | 2.2B | 1.75B | 1.46B | 1.09B | 815.51M | 631.65M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.71% | 0.99% | 0.46% | 0.88% | 1.2% | 0.82% | 0.97% | 0.34% | 0.36% | 0.68% | 0.11% | -1.34% | -1% | -1.35% | 5.67% | 4.07% | 5.49% | 4.62% | 3.46% | 2.65% |
| Return on Equity (ROE) | 1.25% | 1.72% | 0.77% | 1.5% | 2.05% | 1.41% | 1.67% | 0.59% | 0.61% | 1.15% | 0.18% | -2.25% | -1.64% | -2.16% | 9.02% | 6.59% | 8.75% | 7.32% | 5.78% | 4.44% |
| Debt / Assets | 34.69% | 33.93% | 32.46% | 32.36% | 33.52% | 33.76% | 33.82% | 34.18% | 33.94% | 33.89% | 33.36% | 33.07% | 32.17% | 29.74% | 27.43% | 28.69% | 30.36% | 27.71% | 30.38% | 34.47% |
| Debt / Equity | 0.61x | 0.59x | 0.55x | 0.54x | 0.57x | 0.58x | 0.58x | 0.59x | 0.58x | 0.58x | 0.57x | 0.56x | 0.54x | 0.48x | 0.43x | 0.46x | 0.49x | 0.43x | 0.49x | 0.59x |
| Net Debt / EBITDA | 28.35x | 27.57x | 25.63x | 26.07x | 27.93x | 27.56x | 28.37x | 29.66x | 68.04x | 29.81x | 31.94x | 31.14x | 31.80x | 29.28x | 26.92x | 27.63x | 22.60x | 18.15x | 20.80x | 21.48x |
| Book Value per Share | 89.97 | 88.10 | 90.80 | 91.06 | 86.55 | 86.01 | 84.87 | 82.82 | 84.53 | 84.05 | 85.42 | 85.76 | 87.46 | 85.44 | 86.82 | 81.00 | 76.45 | 73.40 | 65.55 | 67.86 |