Granite Real Estate Investment Trust's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Granite Real Estate Investment Trust (GRPU) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Granite Real Estate Investment Trust vs Its Competitors
- TTM: Trailing 12-month revenue of 436M vs 26,446M combined for tracked competitors (1.6% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs decelerating (-5.6%) for its tracked peer group.
- Growth: Granite Real Estate Investment Trust generated 9.2% revenue growth year over year in Q4 2024, vs 10.2% for its tracked competitors combined.
- Profitability: Its 63.6% net margin compares with 26.5% for the peer group.
- Peer revenue share: Granite Real Estate Investment Trust accounted for 6.5% of combined revenue among its tracked peer group, down from 6.6% a year earlier.
- Peer differentiation: Revenue per employee of $1.26M compares with $1.29M for the peer group (1.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
GRPU Sales vs. its Competitors, Q4 2024
Granite Real Estate Investment Trust reported revenue growth of 9.19 % year on year in Q4 2024, below its competitors' combined revenue growth of 10.20 %.
With a net margin of 63.58 %, Granite Real Estate Investment Trust achieved higher profitability than its competitors (26.50 %).
Granite Real Estate Investment Trust generated 6.53 % of the combined sales of its peer group, down from 6.58 % a year earlier.
Granite Real Estate Investment Trust vs. its Competitors, Q4 2024
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Granite Real Estate Investment Trust and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Granite Real Estate Investment Trust | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Granite Real Estate Investment Trust's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -0.8% year over year, combined, vs 9.2% for Granite Real Estate Investment Trust. Granite Real Estate Investment Trust's share of combined industry revenue moved from 0.55% to 0.61%, a gain of 0.06 percentage points.
Granite Real Estate Investment Trust's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Granite Real Estate Investment Trust | - | - | - | - |
| Competitors combined (5) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
GRPU Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Equinix Inc | 282.9% | Outperformed |
| 2 | Prologis Inc | 282.9% | Outperformed |
| 3 | Terreno Realty Corporation | 282.9% | Outperformed |
| 4 | Digital Realty Trust Inc | 282.9% | Outperformed |
| 5 | Rexford Industrial Realty Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Granite Real Estate Investment Trust's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Granite Real Estate Investment Trust
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Granite Real Estate Investment Trust | - | 435.96 |
| Prologis Inc | 126,819.38 | 8,948.19 |
| Equinix Inc | 100,233.44 | 9,663.00 |
| Digital Realty Trust Inc | 62,589.54 | 6,340.23 |
| Rexford Industrial Realty Inc | 8,323.58 | 991.92 |
| Terreno Realty Corporation | 7,101.17 | 502.88 |
| SUBTOTAL | 305,067.11 | 26,882.18 |
Sources: Granite Real Estate Investment Trust's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Granite Real Estate Investment Trust versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Granite Real Estate Investment Trust's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Prologis Inc | Real Estate Operations Segment 93.26 % |
| Equinix Inc | Americas 50.38 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Granite Real Estate Investment Trust's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Granite Real Estate Investment Trust | - | 1,263,654 | 803,483 |
| Prologis Inc | 126,819 | 3,193,499 | 1,417,057 |
| Equinix Inc | 100,233 | 704,506 | 111,549 |
| Digital Realty Trust Inc | 62,590 | 1,730,412 | 377,067 |
| Rexford Industrial Realty Inc | 8,324 | 3,874,699 | -1,577,844 |
| Terreno Realty Corporation | 7,101 | 10,699,574 | 8,230,234 |
| PEERS TOTAL | 305,067 | 1,291,004 | 335,126 |
Granite Real Estate Investment Trust's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Digital Realty Trust Inc | US 52.29 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Granite Real Estate Investment Trust's Position in Industry Market Structure
Market-capitalization share and concentration across all 182 companies in Granite Real Estate Investment Trust's industry classification, broader than the peer set above. Market cap in millions of $.Granite Real Estate Investment Trust ranks #0 of 182 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 416, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 169,188 | 11.85 % |
| 2 | Prologis Inc | 126,819 | 8.89 % |
| 3 | Equinix Inc | 100,233 | 7.02 % |
| 4 | American Tower Corporation | 78,333 | 5.49 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Realty Income Corporation | 1,234 | 5.2% |
| 8 | Public Storage | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Iron Mountain Inc | 1,234 | 5.2% |
| 0 | Granite Real Estate Investment Trust | - | 0.00 % |
Market cap and industry share for the rest of Granite Real Estate Investment Trust's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2020-12-11.
Granite Real Estate Investment Trust's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 416 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Granite Real Estate Investment Trust's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Granite Real Estate Investment Trust's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Granite Real Estate Investment Trust's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
No rule matched.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-5.6% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Granite Real Estate Investment Trust's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Granite Real Estate Investment Trust | 0.11 | 0.12 | - |
| Prologis Inc | 0.60 | 0.60 | 0.61 |
| Equinix Inc | 0.40 | 1.29 | 0.37 |
| Digital Realty Trust Inc | 1.31 | 1.92 | 0.07 |
| Rexford Industrial Realty Inc | 1.00 | 2.33 | 0.38 |
| Terreno Realty Corporation | 0.44 | 0.44 | 0.12 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Granite Real Estate Investment Trust's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Granite Real Estate Investment Trust | Q4 2024 | +9.2 % | +161.3 % |
| Prologis Inc | Q1 2026 | +7.4 % | +63.4 % |
| Equinix Inc | Q2 2026 | +10.1 % | +30.0 % |
| Digital Realty Trust Inc | Q1 2026 | +16.2 % | +64.3 % |
| Rexford Industrial Realty Inc | Q2 2026 | -1.6 % | - |
| Terreno Realty Corporation | Q2 2026 | +11.1 % | -38.3 % |
| PEERS TOTAL | +10.0 % | +5.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Granite Real Estate Investment Trust's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Granite Real Estate Investment Trust | Q4 2024 | - | -99.1 % |
| Prologis Inc | Q1 2026 | -83.2 % | -36.5 % |
| Equinix Inc | Q2 2026 | +13.5 % | +56.8 % |
| Digital Realty Trust Inc | Q1 2026 | - | +10.5 % |
| Rexford Industrial Realty Inc | Q2 2026 | +1.7 % | -42.2 % |
| Terreno Realty Corporation | Q2 2026 | - | +44.1 % |
Granite Real Estate Investment Trust's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Granite Real Estate Investment Trust | 3.76% | 3.76% | 6.31% |
| Prologis Inc | 4.04% | 2.58% | 6.90% |
| Equinix Inc | 3.82% | 4.23% | 10.74% |
| Digital Realty Trust Inc | 2.82% | 1.95% | 5.88% |
| Rexford Industrial Realty Inc | - | - | - |
| Terreno Realty Corporation | 7.04% | 7.02% | 9.17% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Granite Real Estate Investment Trust's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Granite Real Estate Investment Trust | - | - |
| Prologis Inc | 33.61 | 14.17 |
| Equinix Inc | 65.06 | 10.37 |
| Digital Realty Trust Inc | 44.41 | 9.87 |
| Rexford Industrial Realty Inc | - | 8.39 |
| Terreno Realty Corporation | 17.85 | 14.12 |
| PEERS AVERAGE | 42.71 | 11.35 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.