CRT-UN.TO vs. GRT-UN.TO

Last updated Apr 2, 2026

Compare and contrast key facts about CT Real Estate Investment Trust (CRT-UN.TO) and Granite Real Estate Investment Trust (GRT-UN.TO).

Performance

CRT-UN.TO vs. GRT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CT Real Estate Investment Trust (CRT-UN.TO) and Granite Real Estate Investment Trust (GRT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

CRT-UN.TO vs. GRT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRT-UN.TO CT Real Estate Investment Trust	5.80%	20.98%	3.91%	-0.26%	-5.16%	16.13%	2.73%	47.58%	-15.83%	1.42%
GRT-UN.TO Granite Real Estate Investment Trust	3.89%	22.79%	-4.30%	15.18%	-31.89%	40.45%	23.02%	29.65%	14.45%	16.24%

Fundamentals

Market Cap CRT-UN.TO : CA$2.83B GRT-UN.TO : CA$5.12B
EPS CRT-UN.TO : CA$1.52 GRT-UN.TO : CA$5.60
PE Ratio CRT-UN.TO : 11.18 GRT-UN.TO : 15.01
PEG Ratio CRT-UN.TO : 0.21 GRT-UN.TO : 0.93
PS Ratio CRT-UN.TO : 6.50 GRT-UN.TO : 8.31
PB Ratio CRT-UN.TO : 1.43 GRT-UN.TO : 0.93
Total Revenue (TTM) CRT-UN.TO : CA$604.25M GRT-UN.TO : CA$618.70M
Gross Profit (TTM) CRT-UN.TO : CA$471.69M GRT-UN.TO : CA$508.89M
EBITDA (TTM) CRT-UN.TO : CA$612.14M GRT-UN.TO : CA$456.29M

Returns By Period

In the year-to-date period, CRT-UN.TO achieves a 5.80% return, which is significantly higher than GRT-UN.TO's 3.89% return. Over the past 10 years, CRT-UN.TO has underperformed GRT-UN.TO with an annualized return of 7.36%, while GRT-UN.TO has yielded a comparatively higher 13.59% annualized return.

CRT-UN.TO

• 1D: 2.60%
• 1M: -0.57%
• YTD: 5.80%
• 6M: 7.09%
• 1Y: 21.20%
• 3Y*: 8.38%
• 5Y*: 6.91%
• 10Y*: 7.36%

GRT-UN.TO

• 1D: 2.71%
• 1M: -6.84%
• YTD: 3.89%
• 6M: 9.87%
• 1Y: 32.17%
• 3Y*: 4.75%
• 5Y*: 6.25%
• 10Y*: 13.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CRT-UN.TO vs. GRT-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRT-UN.TO

CRT-UN.TO Risk / Return Rank: 84
CRT-UN.TO Sharpe Ratio Rank: 83
CRT-UN.TO Sortino Ratio Rank: 81
CRT-UN.TO Omega Ratio Rank: 76
CRT-UN.TO Calmar Ratio Rank: 90
CRT-UN.TO Martin Ratio Rank: 88

GRT-UN.TO

GRT-UN.TO Risk / Return Rank: 80
GRT-UN.TO Sharpe Ratio Rank: 83
GRT-UN.TO Sortino Ratio Rank: 78
GRT-UN.TO Omega Ratio Rank: 77
GRT-UN.TO Calmar Ratio Rank: 79
GRT-UN.TO Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRT-UN.TO vs. GRT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CT Real Estate Investment Trust (CRT-UN.TO) and Granite Real Estate Investment Trust (GRT-UN.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CRT-UN.TO	GRT-UN.TO	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.47	+0.03
Sortino ratio Return per unit of downside risk	2.21	2.00	+0.21
Omega ratio Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio Return relative to maximum drawdown	3.86	2.26	+1.60
Martin ratio Return relative to average drawdown	9.76	6.81	+2.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRT-UN.TO vs. GRT-UN.TO - Sharpe Ratio Comparison

The current CRT-UN.TO Sharpe Ratio is 1.49, which is comparable to the GRT-UN.TO Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of CRT-UN.TO and GRT-UN.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CRT-UN.TO	GRT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.47	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.29	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.61	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.35	+0.18

Correlation

The correlation between CRT-UN.TO and GRT-UN.TO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRT-UN.TO vs. GRT-UN.TO - Dividend Comparison

CRT-UN.TO's dividend yield for the trailing twelve months is around 5.56%, more than GRT-UN.TO's 4.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT-UN.TO CT Real Estate Investment Trust	5.56%	5.77%	6.40%	6.04%	5.48%	4.76%	5.09%	4.70%	6.37%	4.82%	4.57%	5.09%
GRT-UN.TO Granite Real Estate Investment Trust	4.10%	4.17%	4.74%	4.21%	4.49%	3.03%	3.75%	4.25%	5.69%	5.63%	5.77%	6.44%

Drawdowns

CRT-UN.TO vs. GRT-UN.TO - Drawdown Comparison

The maximum CRT-UN.TO drawdown since its inception was -45.88%, smaller than the maximum GRT-UN.TO drawdown of -87.70%. Use the drawdown chart below to compare losses from any high point for CRT-UN.TO and GRT-UN.TO.

Drawdown Indicators

	CRT-UN.TO	GRT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.88%	-87.70%	+41.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.24%	-13.75%	+7.51%
Max Drawdown (5Y) Largest decline over 5 years	-24.70%	-37.82%	+13.12%
Max Drawdown (10Y) Largest decline over 10 years	-45.88%	-44.89%	-0.99%
Current Drawdown Current decline from peak	-1.55%	-8.31%	+6.76%
Average Drawdown Average peak-to-trough decline	-6.34%	-16.41%	+10.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	4.56%	-2.10%

Volatility

CRT-UN.TO vs. GRT-UN.TO - Volatility Comparison

The current volatility for CT Real Estate Investment Trust (CRT-UN.TO) is 5.49%, while Granite Real Estate Investment Trust (GRT-UN.TO) has a volatility of 7.45%. This indicates that CRT-UN.TO experiences smaller price fluctuations and is considered to be less risky than GRT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRT-UN.TO	GRT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	7.45%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	15.19%	-5.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.44%	22.04%	-7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	21.76%	-4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	22.40%	-2.10%

Financials

CRT-UN.TO vs. GRT-UN.TO - Profitability Comparison

The chart below illustrates the profitability comparison between CT Real Estate Investment Trust and Granite Real Estate Investment Trust over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CRT-UN.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CT Real Estate Investment Trust reported a gross profit of 119.44M and revenue of 152.92M. Therefore, the gross margin over that period was 78.1%.

GRT-UN.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Granite Real Estate Investment Trust reported a gross profit of 132.70M and revenue of 161.76M. Therefore, the gross margin over that period was 82.0%.

CRT-UN.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CT Real Estate Investment Trust reported an operating income of 115.18M and revenue of 152.92M, resulting in an operating margin of 75.3%.

GRT-UN.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Granite Real Estate Investment Trust reported an operating income of 120.87M and revenue of 161.76M, resulting in an operating margin of 74.7%.

CRT-UN.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CT Real Estate Investment Trust reported a net income of 88.39M and revenue of 152.92M, resulting in a net margin of 57.8%.

GRT-UN.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Granite Real Estate Investment Trust reported a net income of 135.48M and revenue of 161.76M, resulting in a net margin of 83.8%.