Granite Real Estate Inc. Stapled Units, each consisting of one unit of Granite Real Estate Trust and one common share of Granite REIT Inc. Q1 FFO $0.91 Up From $0.87 YoY, Sales $103.05M Up From $95.87M YoY
Portfolio Pulse from Benzinga Newsdesk
Granite Real Estate Inc. (NYSE:GRP) reported a Q1 FFO of $0.91 per share, up from $0.87 YoY, with sales increasing to $103.05M from $95.87M YoY.
May 08, 2024 | 10:18 pm
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POSITIVE IMPACT
Granite Real Estate Inc. reported a positive earnings growth in Q1 with FFO per share increasing to $0.91 from $0.87 YoY and sales rising to $103.05M from $95.87M YoY.
The reported increase in both FFO per share and sales indicates a positive performance for Granite Real Estate Inc. in the first quarter. This growth in fundamental financial metrics is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100