Granite Real Estate Investment Trust (GRT-UN) — Cash Flow Quality Index
Granite Real Estate Investment Trust (GRT-UN) has a Cash Flow Quality Index of 1.07x as of March 2026. Operating cash flow of CA$97.56 Million exceeds net income of CA$91.39 Million, indicating high earnings quality where cash backs reported profits. Explore how well can Granite Real Estate Investment Trust service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Granite Real Estate Investment Trust Cash Flow Quality Index (2001–2025)
Historical Cash Flow Quality Index for Granite Real Estate Investment Trust across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Granite Real Estate Investment Trust (GRT-UN) cash conversion ratio.
Annual Cash Flow Quality Index for Granite Real Estate Investment Trust (2001–2025)
Year-by-year earnings quality comparison for Granite Real Estate Investment Trust.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.13x | CA$387.67 Million | CA$342.34 Million | ▲ +20.6% |
| 2024 | 0.94x | CA$338.61 Million | CA$360.61 Million | ▼ -58.5% |
| 2023 | 2.26x | CA$313.18 Million | CA$138.50 Million | ▲ +27.0% |
| 2022 | 1.78x | CA$277.50 Million | CA$155.82 Million | ▲ +789.7% |
| 2021 | 0.20x | CA$262.26 Million | CA$1.31 Billion | ▼ -64.8% |
| 2020 | 0.57x | CA$244.32 Million | CA$429.93 Million | ▲ +18.4% |
| 2019 | 0.48x | CA$183.43 Million | CA$382.27 Million | ▲ +41.4% |
| 2018 | 0.34x | CA$157.89 Million | CA$465.36 Million | ▼ -23.5% |
| 2017 | 0.44x | CA$158.68 Million | CA$357.75 Million | ▼ -22.2% |
| 2016 | 0.57x | CA$159.99 Million | CA$280.69 Million | ▼ -30.3% |
| 2015 | 0.82x | CA$159.84 Million | CA$195.54 Million | ▼ -44.0% |
| 2014 | 1.46x | CA$92.86 Million | CA$63.66 Million | ▲ +65.7% |
| 2013 | 0.88x | CA$127.89 Million | CA$145.27 Million | ▼ -46.2% |
| 2012 | 1.64x | CA$116.65 Million | CA$71.34 Million | ▼ -15.1% |
| 2011 | 1.93x | CA$116.35 Million | CA$60.44 Million | ▼ -58.0% |
| 2008 | 4.58x | CA$104.14 Million | CA$22.74 Million | ▲ +137.3% |
| 2007 | 1.93x | CA$75.73 Million | CA$39.23 Million | ▲ +117.7% |
| 2006 | 0.89x | CA$61.89 Million | CA$69.78 Million | ▼ -90.3% |
| 2005 | 9.10x | CA$82.80 Million | CA$9.10 Million | ▲ +243.5% |
| 2002 | 2.65x | CA$43.98 Million | CA$16.61 Million | ▲ +13.1% |
| 2001 | 2.34x | CA$123.73 Million | CA$52.87 Million | — |