Granite reports 8.30 percent NOI growth, the group behind Granite Real Estate Investment Trust stock

Published on 10/01/2026 at 14:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Granite reported 8.30 percent NOI growth on September 24, 2026. Granite, behind Granite Real Estate Investment Trust stock, sets November 4, 2026 results.

GRT.UN, CA3969061026, Illustration mit AI erstellt.

Granite reports 8.30 percent same-property net operating income growth in a September 24, 2026 investor presentation, while Granite Real Estate Investment Trust (CA3969061026) keeps its distribution at CAD 0.30 per unit. The operating figures put leasing performance ahead of the immediate income headline.

NOI growth supports the portfolio

As Investing.com reported on September 24, 2026, Granite said same-property NOI rose 8.30 percent on a constant-currency basis. Management also cited portfolio occupancy above 98.00 percent and annual distribution growth from CAD 3.00 to CAD 3.55 over the longer period presented at the conference.

The second-quarter 2026 operating backdrop was also quantified in the conference material: Granite reported funds from operations of CAD 1.56 per unit, up from CAD 1.39 in the second quarter of 2025. That 12.20 percent comparison gives the NOI figure a direct earnings-related reference.

Distribution and analyst targets

According to Business Wire on September 17, 2026, Granite declared a CAD 0.2958 per-unit distribution for September, payable on October 15, 2026, to unitholders of record on September 29, 2026. Rounded to the required display precision, that is CAD 0.30 per unit.

MarketBeat reported on September 10, 2026, that all seven covering analysts carried a Buy rating and that the average 12-month target was CAD 103.50. The same report listed Desjardins raising its target from CAD 106.00 to CAD 108.00, TD lifting its target from CAD 101.00 to CAD 103.00, and Raymond James cutting its target from CAD 110.00 to CAD 106.00 while retaining an Outperform rating.

November 4 results date

Business Wire reported on September 21, 2026, that Granite expects to announce third-quarter 2026 results after the close of markets on November 4, 2026. The conference call is scheduled for November 5, 2026 at 11:00 a.m. ET, giving investors a defined date for the next reported update.

Granite's last TSX quote was CAD 84.93 on September 30, 2026 at 4:00 p.m. ET, versus CAD 84.39 previously, while its market capitalization was CAD 5.2 billion. The 52-week range was CAD 75.00 to CAD 101.50, placing the quote CAD 16.57 below the high and CAD 9.93 above the low.