Granite Real Estate Investment Trust ("Granite") (TSX:GRT, NYSE:GRP) 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 will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of September 27, 2024, pursuant to United
Granite Real Estate Investment Trust ("Granite") (TSX:GRT, NYSE:GRP) 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 will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of August 30, 2024, pursuant to United States
Granite Real Estate Investment Trust and Granite REIT Inc. (TSX:GRT, NYSE:GRP) ("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 Brantford, Canada in the first quarter of 2024, contractual rent adjustments and consumer price index based increases and renewal lea
Granite Real Estate Investment Trust ("Granite REIT") and Granite REIT Inc. ("Granite GP") (collectively, "Granite") (TSX:GRT, NYSE:GRP) announced today the results of the matters voted on at their joint annual general and special meetings of stapled unitholders held virtually earlier today (the "Meetings"). Each of the individuals nominated for election as a trustee of Granite REIT and a director of Granite GP, as set out Granite's Management Information Circular dated April 10, 2024 (the "Circular"), were elected as set out below. In addition, the proposed arrangement to simplify Granite's current stapled unit structure, as detailed in the Circular, and all other resolutions voted on at t
Granite Real Estate Investment Trust ("Granite REIT") (TSX:GRT, NYSE:GRP) and Granite REIT Inc. ("Granite GP") announced today the results of the matters voted on at their joint annual general and special meetings of stapled unitholders held earlier today (the "Meetings"). Each of the individuals nominated for election as a trustee of Granite REIT and a director of Granite GP, as set out Granite's Management Information Circular dated April 13, 2022, were elected as set out below. A total of 50,891,925 stapled units (77.4% of outstanding stapled units) were represented in person or by proxy at the Meetings. The votes were conducted by show of hands in respect of all matters other than the
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite REIT”) (TSX: GRT.UN / NYSE: GRP.U) and Granite REIT Inc. (“Granite GP”) announced today the results of the matters voted on at their joint annual general meetings of stapled unitholders held earlier today (the “Meetings”). Each of the individuals nominated for election as a trustee of Granite REIT and a director of Granite GP, as set out Granite’s Management Information Circular dated April 12, 2021, were elected as set out below. A total of 45,660,781 stapled units (74% of outstanding stapled units) were represented in person or by proxy at the Meetings. The detailed results of the votes held at the Meetings
Granite Real Estate Investment Trust and Granite REIT Inc. (TSX:GRT, NYSE:GRP) ("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 Brantford, Canada in the first quarter of 2024, contractual rent adjustments and consumer price index based increases and renewal lea
Granite Real Estate Investment Trust ("Granite") (TSX:GRT, NYSE:GRP) 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 (Toll-Free): 1-800-579-2543 International (Toll): 1-785-424-1789 Conference ID/Passcode:
Granite Real Estate Investment Trust and Granite REIT Inc. (TSX:GRT, NYSE:GRP) ("Granite" or the "Trust") announced today its combined results for the three month period ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS Highlights for the three month period ended March 31, 2024 are set out below: Financial: Granite's net operating income ("NOI") was $114.5 million in the first quarter of 2024 compared to $107.4 million in the prior year period, an increase of $7.1 million primarily as a result of the completion of developments and expansions beginning in the first quarter of 2023, contractual rent adjustments and consumer price index based increases and renewal leasing activity;
Granite Real Estate Inc. Stapled Units, each consisting of one unit of Granite Real Estate Trust and one common share of Granite REIT Inc. (NYSE:GRP) reported quarterly earnings of $0.91 per share. This is a 4.02 percent increase over earnings of $0.87 per share from the same period last year. The company reported $103.05 million in sales this quarter. This is a 7.50 percent increase over sales of $95.87 million the same period last year.
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