reports
Granite REIT Declares Distribution for March 2025
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2833 per unit for the month of March 2025. The distribution will be paid by Granite on Tuesday, April 15, 2025 to unitholders of record at the close of trading on Monday, March 31, 2025. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the De...
Granite REIT Announces Fourth Quarter and Year End Results for 2024
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) ("Granite" or the "Trust") announced today its consolidated combined results for the three month period and year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Highlights for the three month period and year ended December 31, 2024 are set out below: Financial: Granite's net operating income ("NOI") was $121.2 million in the fourth quarter of 2024 compared to $110.0 million in the prior year period, an increase of $11.2 million primarily as a result of the lease commencement of two expan...
Granite REIT Declares Distribution for February 2025
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2833 per unit for the month of February 2025. The distribution will be paid by Granite on Friday, March 14, 2025 to unitholders of record at the close of trading on Friday, February 28, 2025. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to ...
Granite REIT Completes C$300 Million Offering of Senior Unsecured Debe...
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite” or the “REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (“Granite LP”) has completed its previously announced offering (the “Offering”) of C$300 million aggregate principal amount of Series 10 senior unsecured debentures bearing interest at Daily Compounded CORRA plus 0.77% per annum, payable quarterly in arrears, and maturing on December 11, 2026 (the “Debentures”). The Debentures are guaranteed by Granite and Granite REIT Inc. Through an e...
Granite REIT Announces C$300 Million Offering of Senior Unsecured Debe...
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (“Granite LP”) has priced an offering on January 30, 2025 (the “Offering”) of C$300 million aggregate principal amount of Series 10 senior unsecured debentures that will bear interest at Daily Compounded CORRA plus 0.77% per annum, payable quarterly in arrears, and will mature on December 11, 2026 (the “Debentures”). The Debentures will be guaranteed by Granite and Granite REIT Inc. The Offering is exp...
Granite REIT Declares Distribution for January 2025
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2833 per unit for the month of January 2025. The distribution will be paid by Granite on Friday, February 14, 2025 to unitholders of record at the close of trading on Friday, January 31, 2025. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to...
Granite REIT Notice of Conference Call for Fourth Quarter and Year-End...
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the fourth quarter and year ended December 31, 2024 after the close of markets on Wednesday, February 26, 2025. Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer. Conference Call: Date: Thursday, February 27, 2025 at 11:00 a.m. (ET) Telephone: North America (Toll-Free): 1-800-549-8228 ...
Granite REIT Declares Distribution for December 2024
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2833 per unit for the month of December 2024. The distribution will be paid by Granite on Wednesday, January 15, 2025 to unitholders of record at the close of trading on Tuesday, December 31, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issu...
Granite REIT Declares Distribution for November 2024
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per unit for the month of November 2024. The distribution will be paid by Granite on Monday, December 16, 2024 to unitholders of record at the close of trading on Wednesday, November 27, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issue...
Granite Announces 2024 Third Quarter Results and a 3.03% Distribution ...
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (“Granite” or the “Trust”) announced today its combined results for the three and nine month periods ended September 30, 2024 and a distribution increase of 3.03% effective with the December 2024 distribution. THIRD QUARTER 2024 HIGHLIGHTS Highlights for the three month period ended September 30, 2024 are set out below: Financial: Granite's net operating income ("NOI") was $119.6 million in the third quarter of 2024 compared to $109.2 million in the prior year period, an increa...
Granite REIT Declares Distribution for October 2024
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per unit for the month of October 2024. The distribution will be paid by Granite on Friday, November 15, 2024 to unitholders of record at the close of trading on Thursday, October 31, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to...
Granite REIT Completes C$800 Million Offering of Senior Unsecured Debe...
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite” or the “REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its wholly owned subsidiary Granite REIT Holdings Limited Partnership (“Granite LP”) has completed its previously announced offering (the “Offering”) of C$800 million aggregate principal amount of senior unsecured debentures in two series. The Offering includes (i) C$250 million aggregate principal amount of 3.999% Series 8 senior unsecured debentures due October 4, 2029 (the “October 2029 Debentures”); and (ii) C$550 million aggregate principal amount of 4...
Granite REIT Notice of Conference Call for Third Quarter 2024 Results
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the third quarter ended September 30, 2024 after the close of markets on Wednesday, November 6, 2024. Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer. Conference Call: Date: Thursday, November 7, 2024 at 11:00 a.m. (ET) Telephone: North America (Toll-Free): 1-800-579-2543 ...
Granite Real Estate Investment Trust and Granite REIT Inc. Complete Un...
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP”) (collectively, “Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that on October 1, 2024 Granite completed the previously-announced court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”) to replace Granite’s stapled unit structure with a conventional REIT trust unit structure. The Arrangement was approved by holders of Granite’s stapled units (“Stapled Units”) (each consisting of a unit of Granite REIT (a “Granite REIT...
Granite Real Estate Investment Trust and Granite REIT Inc. Announce Ef...
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP” and, together with Granite REIT, “Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that the previously announced court approved plan of arrangement to simplify Granite’s capital structure by replacing its current stapled unit structure with a conventional REIT trust unit structure (the “Arrangement”), is expected to be completed and become effective on or about October 1, 2024 (the “Effective Date”). Currently, Granite unitholders hold stapled units (“Stapled Units”), each...
Granite REIT Declares Distribution for September 2024
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of September 2024. The distribution will be paid by Granite on Tuesday, October 15, 2024 to stapled unitholders of record at the close of trading on Friday, September 27, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution...
Granite REIT Declares Distribution for August 2024
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of August 2024. The distribution will be paid by Granite on Monday, September 16, 2024 to stapled unitholders of record at the close of trading on Friday, August 30, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution wil...
Granite Announces 2024 Second Quarter Results and the Issuance of its ...
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (“Granite” or the “Trust”) announced today its combined results for the three and six month periods ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS Highlights for the three month period ended June 30, 2024 are set out below: Financial: Granite's net operating income ("NOI") was $116.8 million in the second quarter of 2024 compared to $108.6 million in the prior year period, an increase of $8.2 million primarily as a result of the completion of a development property in ...
Granite REIT Declares Distribution for July 2024
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of July 2024. The distribution will be paid by Granite on Thursday, August 15, 2024 to stapled unitholders of record at the close of trading on Wednesday, July 31, 2024. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will ...
Granite REIT Notice of Conference Call for Second Quarter 2024 Results
TORONTO--(BUSINESS WIRE)-- Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the second quarter ended June 30, 2024 after the close of markets on Wednesday, August 7, 2024. Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer. Conference Call: Date: Thursday, August 8, 2024 at 11:00 a.m. (ET) Telephone: North America...
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