Market dataIncome framework read
REITTSXCanada

GRT-UN.TO

Granite REIT

Real EstateREIT distributionMonthly

Market Snapshot

$94.13

+$0.33 (35.18%)

Toronto

Yield

3.77%

Rate $3.55

Next Payment

Next pay in 22 days

Ex-date 2026-06-30

52wk Position

86.26%

-4.23% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

GRT-UN.TO has an income profile aligned with its reit role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

GRT-UN.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.31.

3

Main watch item

Editorial framework

Tax character and account placement matter

GRT-UN.TO is a REIT-style holding. The headline distribution can mix income, capital gains, and return of capital, so taxable-account reporting and account placement deserve attention.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$29.58
APR
0.314
Coverage
0.314

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$29.58
Cushion
-$64.55
Cushion %
-68.57%
Current $94.13Break $29.58

Smart Recommendation

GRT-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Strong

1mo ago

DRIP availability

Available

1mo ago

Tax character

Distribution / ROC

1mo ago

Distribution history

Multi-decade

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Growing

1mo ago

Account suitability

RRSP / RRIF optimal

1mo ago

Structure Overview

Granite REIT (GRT.UN) specializes in industrial, warehouse, and logistics properties primarily in North America and Europe. Granite has grown its distribution consistently and has a high-quality tenant base led by Magna International. The REIT's long-term lease structure and international industrial exposure support stable and growing distributions.

Canadian Planning Notes

  • 1Granite's Magna International anchor provides a high-credit-quality anchor lease; review the percentage of GLA attributable to Magna in the latest investor presentation.
  • 2REIT distributions include ROC; RRSP or RRIF placement is optimal for Canadian investors.
  • 3DRIP is available; the growing distribution and long lease terms make Granite one of the more predictable Canadian REIT income profiles.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$94.13

Previous close

$93.80

Day range

$92.20 - $94.88

52wk range

$68.02 - $98.29

Market cap

5.7B

Volume

67.6K

Avg volume

94.9K

Exchange

Toronto

Dividend and distribution

Forward rate

$3.55

Trailing rate

$3.45

Forward yield

3.77%

Trailing yield

3.68%

Per payment

$0.30

Cadence

Monthly

Next ex-date

Jun 30, 2026

Next pay

Jul 15, 2026

Last dividend

$0.30

Last dividend date

May 29, 2026

Performance

Daily change

$0.33

Daily change %

35.18%

52wk position

86.26%

Below 52wk high

-4.23%

Above 52wk low

38.39%

Open

$92.20

Earnings and financials

Trailing EPS

6.45

Forward EPS

6.64

Revenue

629.9M

Revenue growth

7.80%

Profit margin

61.88%

Operating margin

73.74%

Payout ratio

N/A

Free cash flow

221.8M

Total cash

94.6M

ROE

6.90%

ROA

3.03%

Debt/equity

57.31

Beta

N/A

Valuation

Trailing P/E

14.59

Forward P/E

14.18

Price/sales

9.07

Price/book

1.01

Enterprise value

8.9B

EV/EBITDA

18.89

Analyst facts

Target mean

$104.60

Target high

$110.00

Target low

$101.00

Recommendation mean

N/A

Recommendation key

none

Analysts

10

Canadian Context

Account placement

TFSA

REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.

RRSP: Also shelters distribution complexity when TFSA room is limited.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.