Granite Real Estate Investment Trust (GRP-UN) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | 121.99M | 72.81M | 108.92M | 71.23M | 106.68M | 76.73M | 83.96M | 76.04M | 85.28M | 67.84M | 84.02M | 65.53M | 78.27M | 63.19M | 70.5M | 53.79M | 79.44M | 64.73M | 64.31M | 58.42M |
| Operating CF Growth % | 14.35% | -5.11% | 29.72% | -6.33% | 25.1% | 13.11% | -0.07% | 16.04% | 8.95% | 7.36% | 19.17% | 21.83% | -1.46% | -2.39% | 9.64% | -7.93% | 15.14% | -0.67% | 17.73% | 16.61% |
| Operating CF / Revenue % | 79.73% | 48.78% | 70.42% | 48.11% | 75.19% | 54.71% | 60.43% | 58.56% | 64.87% | 52.05% | 64.83% | 52.17% | 70.13% | 57.57% | 64.93% | 51.07% | 80.84% | 68.89% | 67.02% | 62.66% |
| Net Income | 68.01M | 95.19M | 43.86M | 84.75M | 111.85M | 76.16M | 88.92M | 32M | 34.16M | 60.6M | 11.74M | -126.33M | -93.25M | -122.34M | 497.74M | 341.24M | 421.78M | 316.97M | 230.28M | 167.64M |
| Depreciation & Amortization | 0 | 305K | 314K | 324K | 332K | 338K | 295K | 326K | 310K | 307K | 329K | 424K | 419K | 385K | 370K | 269K | 360K | 360K | 331K | 357K |
| Stock-Based Compensation | 0 | 1.76M | 1.42M | -712K | 4.83M | -660K | 1.9M | 1.73M | 398K | 782K | 7.3M | 1.35M | -1.23M | -1.53M | 1.23M | 5.12M | 3.06M | 2.47M | 1.76M | 1.86M |
| Other Non-Cash Items | 41.21M | -39.38M | 61.88M | -2.4M | -36.04M | -10.12M | -4.31M | 43.1M | 58.84M | 1.48M | 73.94M | 216.7M | 221.96M | 237.75M | -492.39M | -358.77M | -432.03M | -307.54M | -202.55M | -149.5M |
| Working Capital Changes | 12.77M | 3.89M | -796K | -15.32M | 13.75M | 2.96M | -9.13M | -2.14M | -354K | -2.85M | 685K | -3.77M | 9.78M | -1.2M | -4.92M | -6.82M | 10.47M | -1.67M | -3.39M | 4.63M |
| Cash from Investing | -15.88M | -54.61M | -5.75M | -16.01M | -20.88M | -20.45M | -8.11M | -18.18M | -7.33M | -47.98M | -54.63M | -90.88M | -179.81M | -296.97M | -198.9M | -379.49M | -429.23M | -128.12M | -88.58M | -490.46M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.82M | 6.25M | 0 | 123.84M | 0 | 6.75M | 280.71M | -3.76M | 454K | 0 | -1M | 0 | 246K |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | -14.69M | 0 | -11.82M | -25.85M | 0 | -150.46M | 0 | -170.09M | -310.56M | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5K | 19.6M | 0 | 26.61M | 0 | 170.09M | 29.86M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -15.82M | -54.56M | -5.75M | -15.99M | -20.83M | -5.78M | -8.04M | -18.05M | -7.29M | -47.91M | -54.58M | -90.87M | -186.32M | -296.53M | -195.02M | -379.84M | -429.14M | -126.75M | -88.56M | -490.06M |
| Cash from Financing | -64.75M | -52.56M | -107.95M | -65.95M | -52M | -96.64M | -52.91M | -99.14M | -40.3M | -16.04M | -47.63M | -113.24M | 208.05M | 163.84M | -44.09M | -49.29M | 448.35M | 256.52M | -322.11M | 730.34M |
| Dividends Paid | -51.5M | -52.1M | -53.05M | -51.76M | -51.76M | -52.06M | -52.27M | -50.93M | -51M | -51.01M | -50.97M | -49.69M | -50.69M | -51.01M | -50.91M | -49.27M | -49.26M | -46.29M | -46.26M | -42.93M |
| Common Dividends | -51.5M | -52.1M | -53.05M | -51.76M | -51.76M | -52.06M | -52.27M | -50.93M | -51M | -51.01M | -50.97M | -49.69M | -50.69M | -51.01M | -50.91M | -49.27M | -49.26M | -46.29M | -46.26M | -42.93M |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | -1000K | -236K | -236K | -188K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 29K | 1000K | -177K | -1000K | 1000K |
| Share Repurchases | 0 | -81M | -63.6M | -1.59M | 0 | -44.22M | 0 | -26.99M | 0 | 0 | 0 | -69.1M | -56.5M | -29.93M | 0 | 0 | -35K | 0 | 0 | -1K |
| Other Financing | 0 | -225K | -401K | 15.71M | 0 | -125K | -448K | -18.5M | 0 | -86K | -862K | -11K | 0 | -30K | -6.56M | -10K | 0 | -144K | -21.7M | -40K |
| Net Change in Cash | 41.5M | -36.63M | -3.12M | -7.31M | 32.23M | -38.68M | 23.81M | -42.17M | 39.14M | 1.98M | -17.9M | -139.22M | 116.7M | -70.85M | -174.06M | -376.45M | 100.82M | 197.43M | -350.57M | 291.6M |
| Exchange Rate Effect | 148K | -2.28M | 1.67M | 3.42M | -1.57M | 1.68M | 857K | -894K | 1.5M | -1.84M | 342K | -628K | 10.19M | -915K | -1.58M | -1.46M | 2.26M | 4.29M | -4.18M | -6.69M |
| Cash at Beginning | 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 | 539.68M |
| Cash at End | 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 |
| Free Cash Flow | 121.93M | 72.77M | 108.92M | 71.2M | 106.63M | 76.73M | 83.9M | 75.91M | 85.24M | 67.77M | 83.97M | 65.52M | 78.04M | 62.75M | 70.38M | 53.68M | 79.36M | 64.36M | 64.28M | 40.97M |
| FCF Growth % | 14.34% | -5.17% | 29.82% | -6.21% | 25.1% | 13.22% | -0.09% | 15.87% | 9.22% | 7.99% | 19.31% | 22.05% | -1.66% | -2.5% | 9.49% | 31.03% | 15.54% | -1% | 40.55% | 19.52% |
| FCF / Revenue % | 79.69% | 48.75% | 70.42% | 48.1% | 75.15% | 54.71% | 60.38% | 58.46% | 64.84% | 52% | 64.79% | 52.16% | 69.93% | 57.17% | 64.81% | 50.97% | 80.75% | 68.5% | 67% | 43.94% |