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: 61.16 CAD -0.67% Market Closed
Market Cap: 3.8B CAD

Relative Value

The Relative Value of one GRT.UN stock under the Base Case scenario is 108.23 CAD. Compared to the current market price of 61.16 CAD, Granite Real Estate Investment Trust is Undervalued by 43%.

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
108.23 CAD
Undervaluation 43%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
98
vs Industry
23
Median 3Y
9.3
Median 5Y
11.2
Industry
3.4
Forward
6.2
vs History
38
vs Industry
38
Median 3Y
10.2
Median 5Y
8.2
Industry
15.9
Forward
10.5
vs History
98
vs Industry
31
Median 3Y
15.5
Median 5Y
17.1
Industry
10.6
vs History
26
vs Industry
18
Median 3Y
12.5
Median 5Y
8.1
Industry
12.6
vs History
98
vs Industry
51
Median 3Y
0.9
Median 5Y
0.9
Industry
0.8
vs History
98
vs Industry
20
Median 3Y
14.5
Median 5Y
15.7
Industry
6.3
Forward
11.1
vs History
96
vs Industry
32
Median 3Y
17.4
Median 5Y
18.2
Industry
11.5
vs History
98
vs Industry
35
Median 3Y
19.2
Median 5Y
20.4
Industry
15.3
Forward
14.6
vs History
98
vs Industry
40
Median 3Y
19.3
Median 5Y
20.5
Industry
18.4
vs History
95
vs Industry
30
Median 3Y
24.2
Median 5Y
24.2
Industry
18.1
vs History
95
vs Industry
30
Median 3Y
24.2
Median 5Y
24.2
Industry
19.9
vs History
98
vs Industry
43
Median 3Y
0.8
Median 5Y
0.9
Industry
0.7

Multiples Across Competitors

GRT.UN Competitors Multiples
Granite Real Estate Investment Trust Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Granite Real Estate Investment Trust
TSX:GRT.UN
3.8B CAD 6.7 10.6 15.6 15.7
US
Prologis Inc
NYSE:PLD
92.9B USD 11.3 24.9 21.6 39.5
AU
Goodman Group
ASX:GMG
52.8B AUD 23.5 57.4 124.6 124.6
US
Lineage Inc
NASDAQ:LINE
12.3B USD 2.3 -18.5 15 52.7
UK
SEGRO PLC
LSE:SGRO
9.2B GBP 13.7 15.6 28.9 29.6
SG
Ascendas Real Estate Investment Trust
SGX:A17U
11.5B 0 0 0 0
US
Eastgroup Properties Inc
NYSE:EGP
8.2B USD 12.8 36 21.8 37.9
US
Rexford Industrial Realty Inc
NYSE:REXR
7.4B USD 7.9 28.2 16.6 29
US
First Industrial Realty Trust Inc
NYSE:FR
6.2B USD 9.2 21.5 19.3 30.4
US
STAG Industrial Inc
NYSE:STAG
6.1B USD 7.9 32.1 16.1 33.8
SG
Mapletree Logistics Trust
SGX:M44U
5.9B 0 0 0 0