Granite Real Estate Investment Trust annual debt-to-equity ratio
2011
2012
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Granite Real Estate Investment Trust Debt-to-Equity Ratio Growth & History (GRTUF)
Granite Real Estate Investment Trust's debt-to-equity ratio was 0.60 for fiscal 2025.
View full Granite Real Estate Investment Trust company overviewGranite Real Estate Investment Trust annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.60 | 0.07 | +12.70% |
| 2024 | 2024-12-31 | 0.53 | −0.03 | −6.13% |
| 2023 | 2023-12-31 | 0.57 | 0.04 | +7.32% |
| 2022 | 2022-12-31 | 0.53 | 0.08 | +16.65% |
| 2021 | 2021-12-31 | 0.45 | −0.13 | −22.56% |
| 2020 | 2020-12-31 | 0.59 | 0.19 | +47.46% |
| 2019 | 2019-12-31 | 0.40 | −0.12 | −23.89% |
| 2018 | 2018-12-31 | 0.52 | 0.18 | +50.51% |
| 2017 | 2017-12-31 | 0.35 | 0.01 | +2.82% |
| 2016 | 2016-12-31 | 0.34 | — | — |
| 2012 | 2012-12-31 | 0.30 | 0.01 | +3.82% |
| 2011 | 2011-12-31 | 0.29 | — | — |
Granite Real Estate Investment Trust quarterly debt-to-equity ratio
Q4.11
Q4.12
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.53 | −0.07 | −11.19% |
| Q1 2026 | 2026-03-31 | 0.55 | 0.00 | +0.10% |
| Q4 2025 | 2025-12-31 | 0.60 | 0.07 | +12.70% |
| Q2 2025 | 2025-06-30 | 0.60 | — | — |
| Q1 2025 | 2025-03-31 | 0.55 | — | — |
| Q4 2024 | 2024-12-31 | 0.53 | −0.03 | −6.13% |
| Q4 2023 | 2023-12-31 | 0.57 | 0.04 | +7.32% |
| Q4 2022 | 2022-12-31 | 0.53 | 0.08 | +16.65% |
| Q4 2021 | 2021-12-31 | 0.45 | −0.13 | −22.56% |
| Q4 2020 | 2020-12-31 | 0.59 | 0.19 | +47.46% |
| Q4 2019 | 2019-12-31 | 0.40 | −0.12 | −23.89% |
| Q4 2018 | 2018-12-31 | 0.52 | 0.18 | +50.51% |
| Q4 2017 | 2017-12-31 | 0.35 | 0.01 | +2.82% |
| Q4 2016 | 2016-12-31 | 0.34 | — | — |
| Q4 2012 | 2012-12-31 | 0.30 | 0.01 | +3.82% |
| Q4 2011 | 2011-12-31 | 0.29 | — | — |
Granite Real Estate Investment Trust debt-to-equity ratio trends
Over the last five fiscal years, Granite Real Estate Investment Trust's debt-to-equity ratio increased from 0.59 to 0.60, a change of 0.01. The latest reported quarter, Q2 2026, shows 0.53.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Granite Real Estate Investment Trust source filings ↗