Granite Real Estate Investment Trust (GRT-UN) - Total Assets
Based on the latest financial reports, Granite Real Estate Investment Trust (GRT-UN) holds total assets worth CA$9.63 Billion CAD (≈ $6.97 Billion USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Granite Real Estate Investment Trust - Total Assets Trend (2000–2024)
This chart illustrates how Granite Real Estate Investment Trust's total assets have evolved over time, based on quarterly financial data. For live market cap, price, and company overview, see market cap of Granite Real Estate Investment Trust.
Granite Real Estate Investment Trust - Asset Composition Analysis
Current Asset Composition (December 2024)
Granite Real Estate Investment Trust's total assets of CA$9.63 Billion consist of 1.6% current assets and 98.4% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 1.3% |
| Accounts Receivable | CA$18.88 Million | 0.2% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2000–2024)
This chart illustrates how Granite Real Estate Investment Trust's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. Explore GRT-UN cash generation efficiency to assess how effectively this company generates cash.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Granite Real Estate Investment Trust's current assets represent 1.6% of total assets in 2024, a decrease from 5.2% in 2000.
- Cash Position: Cash and equivalents constituted 1.3% of total assets in 2024, down from 2.6% in 2000.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2000.
- Asset Diversification: The largest asset category is accounts receivable at 0.2% of total assets.
Granite Real Estate Investment Trust Competitors by Total Assets
Key competitors of Granite Real Estate Investment Trust based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Dexus Industria REIT
AU:DXI
|
Australia | AU$1.46 Billion |
|
Nexus Real Estate Investment Trust
TO:NXR-UN
|
Canada | CA$2.65 Billion |
|
National Storage REIT
AU:NSR
|
Australia | AU$6.21 Billion |
|
BWP Trust
AU:BWP
|
Australia | AU$4.11 Billion |
|
Abacus Storage King
AU:ASK
|
Australia | AU$3.71 Billion |
|
Centuria Industrial REIT
AU:CIP
|
Australia | AU$3.97 Billion |
|
Warehouses de Pauw Comm VA
BR:WDP
|
Belgium | €8.91 Billion |
|
Montea C.V.A.
BR:MONT
|
Belgium | €3.17 Billion |
Granite Real Estate Investment Trust - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.82 | 0.17 | 2.26 |
| Quick Ratio | 1.82 | 0.17 | 2.26 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$233.51 Million | CA$-790.55 Million | CA$471.92 Million |
Granite Real Estate Investment Trust - Advanced Valuation Insights
This section examines the relationship between Granite Real Estate Investment Trust's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.98 |
| Latest Market Cap to Assets Ratio | 0.42 |
| Asset Growth Rate (YoY) | 6.1% |
| Total Assets | CA$9.62 Billion |
| Market Capitalization | $3.99 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Granite Real Estate Investment Trust's assets below their book value (0.42x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Granite Real Estate Investment Trust's assets grew by 6.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Granite Real Estate Investment Trust (2000–2024)
The table below shows the annual total assets of Granite Real Estate Investment Trust from 2000 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$9.62 Billion ≈ $6.96 Billion |
+6.10% |
| 2023-12-31 | CA$9.07 Billion ≈ $6.56 Billion |
-2.31% |
| 2022-12-31 | CA$9.28 Billion ≈ $6.71 Billion |
+8.33% |
| 2021-12-31 | CA$8.57 Billion ≈ $6.20 Billion |
+26.96% |
| 2020-12-31 | CA$6.75 Billion ≈ $4.88 Billion |
+40.46% |
| 2019-12-31 | CA$4.80 Billion ≈ $3.48 Billion |
+14.69% |
| 2018-12-31 | CA$4.19 Billion ≈ $3.03 Billion |
+30.64% |
| 2017-12-31 | CA$3.21 Billion ≈ $2.32 Billion |
+10.12% |
| 2016-12-31 | CA$2.91 Billion ≈ $2.11 Billion |
+6.58% |
| 2015-12-31 | CA$2.73 Billion ≈ $1.98 Billion |
+11.61% |
| 2014-12-31 | CA$2.45 Billion ≈ $1.77 Billion |
-0.85% |
| 2013-12-31 | CA$2.47 Billion ≈ $1.79 Billion |
+102.65% |
| 2012-12-31 | CA$1.22 Billion ≈ $881.23 Million |
-2.57% |
| 2011-12-31 | CA$1.25 Billion ≈ $904.45 Million |
-35.70% |
| 2010-12-31 | CA$1.94 Billion ≈ $1.41 Billion |
-3.18% |
| 2009-12-31 | CA$2.01 Billion ≈ $1.45 Billion |
-36.05% |
| 2008-12-31 | CA$3.14 Billion ≈ $2.27 Billion |
+9.38% |
| 2007-12-31 | CA$2.87 Billion ≈ $2.08 Billion |
-12.72% |
| 2006-12-31 | CA$3.29 Billion ≈ $2.38 Billion |
-1.35% |
| 2005-12-31 | CA$3.33 Billion ≈ $2.41 Billion |
-8.75% |
| 2004-12-31 | CA$3.65 Billion ≈ $2.64 Billion |
+7.07% |
| 2003-12-31 | CA$3.41 Billion ≈ $2.47 Billion |
-6.47% |
| 2002-12-31 | CA$3.65 Billion ≈ $2.64 Billion |
+38.47% |
| 2001-12-31 | CA$2.64 Billion ≈ $1.91 Billion |
+12.63% |
| 2000-12-31 | CA$2.34 Billion ≈ $1.69 Billion |
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About Granite Real Estate Investment Trust
Granite is a Canadian-based real estate investment trust (REIT) focused on acquiring, the development, ownership and management of buildings, mainly logistics facilities, warehouses and industrial buildings in North America and Europe. As of November 5, 2025, Granite owned a gross leasable area of approximately 60.9 million square feet in 140 investment properties spread across in five countries.… Read more