Below are the financial statements of Granite REIT, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CAD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Non-current assets | — | — |
| Investment properties | 9,397.29a | 8,808.14a |
| Deferred tax assets | 0.67a | 0.64a |
| Fixed assets, net | 3.91a | 3.15a |
| Derivatives | 57.38a | 100.2a |
| Other assets | 2.5a | 2.56a |
| Current assets | — | — |
| Derivative | 0a | 9.04a |
| Accounts receivable | 18.35a | 12.17a |
| Income taxes receivable | 0.53a | 0.59a |
| Prepaid expenses and other | 12.95a | 13.77a |
| Cash and cash equivalents | 126.18a | 116.13a |
| Total assets | 9,619.75a | 9,066.38a |
| Liabilities and equity | — | — |
| Non-current liabilities | — | — |
| Unsecured debt, net | 3,078.45a | 2,821.85a |
| Derivatives | 32.3a | 8.43a |
| Long-term portion of lease obligations | 33.44a | 32.42a |
| Deferred tax liabilities | 591.9a | 535.55a |
| Current liabilities | — | — |
| Unsecured debt, net | 0a | 244.13a |
| Deferred revenue | 18.69a | 17.81a |
| Accounts payable and accrued liabilities | 99.07a | 94.34a |
| Distributions payable | 17.76a | 17.42a |
| Short-term portion of lease obligations | 0.95a | 0.77a |
| Income taxes payable | 10.56a | 10.03a |
| Total liabilities | 3,883.12a | 3,782.74a |
| Equity | — | — |
| Unitholders’ equity | 5,728.24a | 5,276.95a |
| Non-controlling interests | 8.39a | 6.69a |
| Total equity | 5,736.63a | 5,283.64a |
| Total liabilities and equity | 9,619.75a | 9,066.38a |
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