Granite Historical Income Statement

GRT-UN Stock

CAD 76.00 0.39 0.52%

Historical analysis of Granite Real income statement accounts such as Selling General Administrative of 45.8 M or Total Revenue of 422.4 M can show how well Granite Real Estate performed in making a profits. Evaluating Granite Real income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Granite Real's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Granite Real Estate latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Granite Real Estate is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

About Granite Income Statement Analysis

Granite Real Estate Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Granite Real shareholders. The income statement also shows Granite investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Granite Real Income Statement Chart

At present, Granite Real's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 45.8 M, whereas Depreciation And Amortization is forecasted to decline to about 1.2 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Granite Real Estate generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Granite Real Estate minus its cost of goods sold. It is profit before Granite Real operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Granite Real Estate. It is also known as Granite Real overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Granite Real's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Granite Real Estate current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

	2021	2022	2023	2024 (projected)
Gross Profit	332.7M	380.4M	435.2M	254.6M
Total Revenue	393.5M	455.6M	521.3M	422.4M

Gross Profit Total Revenue

Granite Real income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Discontinued Operations	Net Income From Continuing Ops	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Research Development	Reconciled Depreciation
Depreciation And Amortization		-0.19	-0.15	0.05	0.08	0.0	0.08	-0.13	0.53	-0.03	0.56	0.58	0.59	0.45	-0.01	0.28	0.61	-0.37	0.28	0.17	0.05	0.44	0.33
Interest Expense	-0.19		0.3	0.36	0.08	-0.23	0.92	0.74	0.41	-0.41	0.1	-0.2	0.12	-0.03	-0.26	0.41	0.04	-0.72	-0.24	-0.96	0.71	-0.43	0.76
Selling General Administrative	-0.15	0.3		0.53	0.45	0.54	0.05	-0.21	-0.38	0.46	-0.03	-0.06	-0.01	0.02	0.45	-0.36	0.0	-0.22	0.07	-0.43	0.32	-0.1	0.2
Total Revenue	0.05	0.36	0.53		0.95	0.77	0.33	0.09	0.06	0.64	0.02	-0.09	0.01	-0.07	0.77	0.04	0.05	-0.43	-0.11	-0.58	0.33	-0.23	0.54
Gross Profit	0.08	0.08	0.45	0.95		0.88	0.06	-0.12	-0.05	0.79	-0.03	-0.05	-0.05	-0.07	0.88	-0.06	0.02	-0.21	-0.05	-0.33	0.12	-0.13	0.34
Other Operating Expenses	0.0	-0.23	0.54	0.77	0.88		-0.32	-0.49	-0.44	0.98	-0.17	-0.08	-0.2	-0.14	0.99	-0.41	-0.11	0.07	-0.01	-0.01	-0.06	-0.05	-0.04
Operating Income	0.08	0.92	0.05	0.33	0.06	-0.32		0.8	0.64	-0.49	0.29	-0.03	0.3	0.1	-0.32	0.63	0.22	-0.8	-0.18	-0.86	0.7	-0.3	0.82
Ebit	-0.13	0.74	-0.21	0.09	-0.12	-0.49	0.8		0.74	-0.61	0.18	-0.09	0.18	0.04	-0.47	0.54	0.11	-0.38	-0.14	-0.67	0.29	-0.27	0.71
Ebitda	0.53	0.41	-0.38	0.06	-0.05	-0.44	0.64	0.74		-0.54	0.5	0.31	0.52	0.33	-0.42	0.66	0.48	-0.46	0.09	-0.37	0.17	0.1	0.76
Total Operating Expenses	-0.03	-0.41	0.46	0.64	0.79	0.98	-0.49	-0.61	-0.54		-0.22	-0.07	-0.25	-0.16	0.98	-0.49	-0.15	0.23	0.02	0.17	-0.2	0.01	-0.22
Income Before Tax	0.56	0.1	-0.03	0.02	-0.03	-0.17	0.29	0.18	0.5	-0.22		0.95	0.99	0.95	-0.16	0.39	0.99	-0.36	0.83	-0.07	0.16	0.81	0.35
Total Other Income Expense Net	0.58	-0.2	-0.06	-0.09	-0.05	-0.08	-0.03	-0.09	0.31	-0.07	0.95		0.94	0.95	-0.07	0.21	0.96	-0.12	0.92	0.22	-0.05	0.95	0.1
Net Income	0.59	0.12	-0.01	0.01	-0.05	-0.2	0.3	0.18	0.52	-0.25	0.99	0.94		0.93	-0.2	0.38	0.99	-0.38	0.81	-0.08	0.16	0.8	0.37
Income Tax Expense	0.45	-0.03	0.02	-0.07	-0.07	-0.14	0.1	0.04	0.33	-0.16	0.95	0.95	0.93		-0.14	0.32	0.94	-0.16	0.92	0.07	0.08	0.87	0.18
Cost Of Revenue	-0.01	-0.26	0.45	0.77	0.88	0.99	-0.32	-0.47	-0.42	0.98	-0.16	-0.07	-0.2	-0.14		-0.36	-0.11	0.09	-0.01	0.02	-0.08	-0.04	-0.07
Discontinued Operations	0.28	0.41	-0.36	0.04	-0.06	-0.41	0.63	0.54	0.66	-0.49	0.39	0.21	0.38	0.32	-0.36		0.33	-0.43	0.0	-0.31	0.36	0.02	0.44
Net Income From Continuing Ops	0.61	0.04	0.0	0.05	0.02	-0.11	0.22	0.11	0.48	-0.15	0.99	0.96	0.99	0.94	-0.11	0.33		-0.34	0.84	-0.03	0.11	0.84	0.34
Minority Interest	-0.37	-0.72	-0.22	-0.43	-0.21	0.07	-0.8	-0.38	-0.46	0.23	-0.36	-0.12	-0.38	-0.16	0.09	-0.43	-0.34		0.09	0.73	-0.63	0.15	-0.7
Tax Provision	0.28	-0.24	0.07	-0.11	-0.05	-0.01	-0.18	-0.14	0.09	0.02	0.83	0.92	0.81	0.92	-0.01	0.0	0.84	0.09		0.26	-0.13	0.95	-0.04
Net Interest Income	0.17	-0.96	-0.43	-0.58	-0.33	-0.01	-0.86	-0.67	-0.37	0.17	-0.07	0.22	-0.08	0.07	0.02	-0.31	-0.03	0.73	0.26		-0.63	0.46	-0.79
Interest Income	0.05	0.71	0.32	0.33	0.12	-0.06	0.7	0.29	0.17	-0.2	0.16	-0.05	0.16	0.08	-0.08	0.36	0.11	-0.63	-0.13	-0.63		-0.25	0.57
Research Development	0.44	-0.43	-0.1	-0.23	-0.13	-0.05	-0.3	-0.27	0.1	0.01	0.81	0.95	0.8	0.87	-0.04	0.02	0.84	0.15	0.95	0.46	-0.25		-0.18
Reconciled Depreciation	0.33	0.76	0.2	0.54	0.34	-0.04	0.82	0.71	0.76	-0.22	0.35	0.1	0.37	0.18	-0.07	0.44	0.34	-0.7	-0.04	-0.79	0.57	-0.18

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Granite Real Account Relationship Matchups

Granite Real income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	96.4M	83.9M	101.7M	94.9M	1.3M	1.2M
Interest Expense	27.8M	33.6M	39.4M	45.2M	72.9M	76.5M
Selling General Administrative	31.4M	31.6M	37.8M	28.6M	40.4M	45.8M
Total Revenue	273.7M	340.2M	393.5M	455.6M	521.3M	422.4M
Gross Profit	238.3M	293.0M	332.7M	380.4M	435.2M	254.6M
Other Operating Expenses	67.7M	80.5M	100.5M	106.3M	126.5M	120.1M
Operating Income	238.3M	259.8M	292.2M	345.1M	394.8M	414.5M
Ebit	109.6M	177.1M	191.8M	251.8M	201.9M	212.0M
Ebitda	206.0M	261.0M	293.5M	346.7M	203.1M	149.2M
Total Operating Expenses	32.3M	33.4M	39.7M	31.1M	40.4M	38.4M
Income Before Tax	424.9M	499.0M	1.6B	92.2M	129.0M	194.9M
Total Other Income Expense Net	218.4M	238.0M	1.3B	(257.1M)	(265.8M)	(252.5M)
Net Income	382.1M	429.8M	1.3B	155.8M	136.7M	193.2M
Income Tax Expense	42.7M	69.1M	240.6M	(63.7M)	(9.5M)	(9.0M)
Cost Of Revenue	35.4M	47.2M	60.8M	75.2M	86.0M	81.7M
Net Income From Continuing Ops	382.3M	429.9M	1.3B	155.8M	138.5M	131.6M
Net Income Applicable To Common Shares	382.1M	429.8M	1.3B	155.8M	179.1M	170.2M
Minority Interest	2.0M	2.1M	(335K)	(54K)	(1.8M)	(1.7M)
Tax Provision	42.7M	69.1M	240.6M	(63.7M)	(9.5M)	(9.0M)
Net Interest Income	(20.3M)	(33.5M)	(40.2M)	(49.3M)	(71.0M)	(67.5M)
Interest Income	9.6M	2.4M	3.1M	1.6M	7.7M	8.1M
Reconciled Depreciation	906K	1.2M	1.3M	1.6M	1.3M	1.1M

Pair Trading with Granite Real

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Granite Real position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Granite Real will appreciate offsetting losses from the drop in the long position's value.

Moving together with Granite Stock

0.74

CMC

Cielo Waste Solutions

Pair Corr

Moving against Granite Stock

0.69	LQWD	LQwD FinTech Corp	Pair Corr
0.36	ERC	Eros Resources Corp	Pair Corr

The ability to find closely correlated positions to Granite Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Granite Real when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Granite Real - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Granite Real Estate to buy it.

The correlation of Granite Real is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Granite Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granite Real Estate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Granite Real can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Granite Stock

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Granite Historical Income Statement

About Granite Income Statement Analysis

Granite Real Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Granite Real income statement Correlations

Granite Real Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Granite Real income statement Accounts

Pair Trading with Granite Real

Moving together with Granite Stock

Moving against Granite Stock

Other Information on Investing in Granite Stock

COMMON DESTINATIONS

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COMPANY

Cost Of Revenue	+ 0.99	Other Operating Expenses
Net Income	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Net Income
Total Operating Expenses	+ 0.98	Other Operating Expenses
Cost Of Revenue	+ 0.98	Total Operating Expenses

Net Interest Income	- 0.96	Interest Expense
Net Interest Income	- 0.86	Operating Income
Minority Interest	- 0.8	Operating Income
Reconciled Depreciation	- 0.79	Net Interest Income
Minority Interest	- 0.72	Interest Expense
Reconciled Depreciation	- 0.7	Minority Interest