Granite Real Estate Investment Trust
TSX:GRT.UN

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Granite Real Estate Investment Trust
TSX:GRT.UN
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Price: 78.13 CAD 0.86%
Market Cap: 4.7B CAD

Relative Value

The Relative Value of one GRT.UN stock under the Base Case scenario is 121.16 CAD. Compared to the current market price of 78.13 CAD, Granite Real Estate Investment Trust is Undervalued by 36%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

GRT.UN Relative Value
Base Case
121.16 CAD
Undervaluation 36%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
85
vs Industry
23
Median 3Y
8.7
Median 5Y
9.9
Industry
3.8
Forward
7.6
vs History
23
vs Industry
38
Median 3Y
14.2
Median 5Y
10
Industry
16.3
Forward
15.8
vs History
87
vs Industry
31
Median 3Y
14.5
Median 5Y
16.7
Industry
11.1
vs History
36
vs Industry
18
Median 3Y
13.8
Median 5Y
12.2
Industry
12.8
vs History
68
vs Industry
51
Median 3Y
0.9
Median 5Y
0.9
Industry
0.9
vs History
87
vs Industry
20
Median 3Y
13.3
Median 5Y
15.2
Industry
6.9
Forward
12.4
vs History
85
vs Industry
32
Median 3Y
16.1
Median 5Y
18
Industry
12.5
vs History
85
vs Industry
35
Median 3Y
17.4
Median 5Y
20.1
Industry
15.8
Forward
16.4
vs History
85
vs Industry
40
Median 3Y
17.5
Median 5Y
20.2
Industry
19
vs History
87
vs Industry
30
Median 3Y
22.5
Median 5Y
23.7
Industry
18.4
vs History
87
vs Industry
30
Median 3Y
22.5
Median 5Y
23.7
Industry
20.4
vs History
65
vs Industry
43
Median 3Y
0.8
Median 5Y
0.8
Industry
0.8

Multiples Across Competitors

GRT.UN Competitors Multiples
Granite Real Estate Investment Trust Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Granite Real Estate Investment Trust
TSX:GRT.UN
4.7B CAD 7.8 16.3 16.8 16.9
US
Prologis Inc
NYSE:PLD
121.7B USD 13.9 37.9 25.6 44.8
AU
Goodman Group
ASX:GMG
56.3B AUD 24.4 33.8 78.8 78.8
SG
ESR-REIT
OTC:CGIUF
19.1B USD 59.9 -224.3 100.3 100.3
SG
Ascendas Real Estate Investment Trust
SGX:A17U
12.8B 0 0 0 0
UK
SEGRO PLC
LSE:SGRO
9.4B GBP 13.3 15.1 28.5 29.4
US
Eastgroup Properties Inc
NYSE:EGP
9.8B USD 14.1 39.6 22.9 40.2
US
Rexford Industrial Realty Inc
NYSE:REXR
9.8B USD 9.7 29.4 18.4 33.5
US
Lineage Inc
NASDAQ:LINE
8.5B USD 1.6 -61.6 13.7 66.3
US
First Industrial Realty Trust Inc
NYSE:FR
7.8B USD 10.9 33 20.7 33.7
US
STAG Industrial Inc
NYSE:STAG
7.1B USD 8.6 29.3 16.9 33.3
P/E Multiple
Earnings Growth PEG
CA
Granite Real Estate Investment Trust
TSX:GRT.UN
Average P/E: 29.3
16.3
4%
4.1
US
Prologis Inc
NYSE:PLD
37.9
-5%
N/A
AU
Goodman Group
ASX:GMG
33.8
26%
1.3
SG
ESR-REIT
OTC:CGIUF
Negative Multiple: -224.3 N/A N/A
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
1%
N/A
UK
SEGRO PLC
LSE:SGRO
15.1
-2%
N/A
US
Eastgroup Properties Inc
NYSE:EGP
39.6
12%
3.3
US
Rexford Industrial Realty Inc
NYSE:REXR
29.4
-1%
N/A
US
Lineage Inc
NASDAQ:LINE
Negative Multiple: -61.6 N/A N/A
US
First Industrial Realty Trust Inc
NYSE:FR
33
-3%
N/A
US
STAG Industrial Inc
NYSE:STAG
29.3
5%
5.9