Granite Real Estate Investment Trust ("Granite REIT" or "Granite") (TSX:GRT.UN / NYSE: GRP.U), (TSX: GRT.UN / NYSE:GRP.U) announced today the results of the matters voted on at its annual general meeting of unitholders held virtually earlier today (the "Meeting"). Each of the individuals nominated for election as a trustee of Granite REIT, as set out in Granite's Management Information Circular dated April 10, 2025, were elected as set out below. A total of 46,975,817 units (76.33% of outstanding units) were represented in person or by proxy at the Meeting. The results of the votes held at the Meeting are as follows: As Trustee of Granite REIT Nominee Votes For
Granite Real Estate Investment Trust (TSX:GRT, NYSE:GRP) ("Granite REIT" or "Granite") today announced the acceptance by the Toronto Stock Exchange (the "TSX") of Granite's Notice of Intention to Make a Normal Course Issuer Bid ("NCIB"). Pursuant to the NCIB, Granite proposes to purchase through the facilities of the TSX and any alternative trading system in Canada, from time to time over the next 12 months, if considered advisable, up to an aggregate of 6,060,162 of Granite REIT's issued and outstanding units (the "Units"), being approximately 10% of Granite REIT's public float of Units as of May 20, 2025. Pursuant to a previous notice of intention to conduct a NCIB, under which Granite RE
Granite Real Estate Investment Trust ("Granite") (TSX:GRT.UN / NYSE: GRP.U), (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 May 2025. The distribution will be paid by Granite on June 16, 2025 to unitholders of record at the close of trading on Friday, May 30, 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 Depository Trust & Clearing Corporation subsequent to the record date of May 30, 2025, pursuant to United States Tr
Granite Real Estate Investment Trust (TSX:GRT, NYSE:GRP) ("Granite" or the "Trust") announced today its condensed consolidated combined results for the three month period ended March 31, 2025. FIRST QUARTER 2025 HIGHLIGHTS Highlights for the three month period ended March 31, 2025 are set out below: Financial: Granite's net operating income ("NOI") was $125.7 million in the first quarter of 2025 compared to $114.5 million in the prior year period, an increase of $11.2 million primarily as a result of contractual rent adjustments and consumer price index based increases, renewal and re-leasing activity, and the lease commencement of four completed development and expansion projects in C
Granite Real Estate Investment Trust ("Granite") (TSX:GRT.UN / NYSE: GRP.U), (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 April 2025. The distribution will be paid by Granite on Thursday, May 15, 2025 to unitholders of record at the close of trading on Wednesday, April 30, 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 Depository Trust & Clearing Corporation subsequent to the record date of April 30, 2025, pursuant t
Granite Real Estate Investment Trust ("Granite") (TSX:GRT, NYSE:GRP) expects to announce its financial results for the first quarter ended March 31, 2025 after the close of markets on Wednesday, May 7, 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, May 8, 2025 at 11:00 a.m. (ET) Telephone: North America (Toll-Free): 1-800-549-8228 International (Toll): 1-289-819-1520 Conference ID/Passcode: 15227 Webcast:
Granite Real Estate Investment Trust ("Granite") (TSX:GRT.UN / NYSE: GRP.U), (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 Depository Trust & Clearing Corporation subsequent to the record date of March 31, 2025, pursuant to
Granite Real Estate Investment Trust (TSX:GRT, NYSE:GRP) ("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 expansion projects in Canada and Netherlands completed in the third quarter of 2024 as well as two development projects in Canada and the
Granite Real Estate Investment Trust ("Granite") (TSX:GRT.UN / NYSE: GRP.U), (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 the Depository Trust & Clearing Corporation subsequent to the record date of February 28, 2025, pur
Granite Real Estate Investment Trust ("Granite" or the "REIT") (TSX:GRT, NYSE:GRP) 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 existing cross currency interest rate swap, Granite LP has exchanged the Canadian dollar denominated principal and floating rate intere
Granite Real Estate Investment Trust ("Granite REIT" or "Granite") (TSX:GRT.UN / NYSE: GRP.U), (TSX: GRT.UN / NYSE:GRP.U) announced today the results of the matters voted on at its annual general meeting of unitholders held virtually earlier today (the "Meeting"). Each of the individuals nominated for election as a trustee of Granite REIT, as set out in Granite's Management Information Circular dated April 10, 2025, were elected as set out below. A total of 46,975,817 units (76.33% of outstanding units) were represented in person or by proxy at the Meeting. The results of the votes held at the Meeting are as follows: As Trustee of Granite REIT Nominee Votes For
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 (TSX:GRT, NYSE:GRP) ("Granite" or the "Trust") announced today its condensed consolidated combined results for the three month period ended March 31, 2025. FIRST QUARTER 2025 HIGHLIGHTS Highlights for the three month period ended March 31, 2025 are set out below: Financial: Granite's net operating income ("NOI") was $125.7 million in the first quarter of 2025 compared to $114.5 million in the prior year period, an increase of $11.2 million primarily as a result of contractual rent adjustments and consumer price index based increases, renewal and re-leasing activity, and the lease commencement of four completed development and expansion projects in C
Granite Real Estate Investment Trust ("Granite") (TSX:GRT, NYSE:GRP) expects to announce its financial results for the first quarter ended March 31, 2025 after the close of markets on Wednesday, May 7, 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, May 8, 2025 at 11:00 a.m. (ET) Telephone: North America (Toll-Free): 1-800-549-8228 International (Toll): 1-289-819-1520 Conference ID/Passcode: 15227 Webcast:
Granite Real Estate Investment Trust (TSX:GRT, NYSE:GRP) ("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 expansion projects in Canada and Netherlands completed in the third quarter of 2024 as well as two development projects in Canada and the
Granite Real Estate Investment Trust ("Granite") (TSX:GRT, NYSE:GRP) 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 International (Toll): 1-289-819-1520 Conference ID/Passcode: 77638 Webcast: To access the live audio
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 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 increase of $10.4 million primarily as a result of the completion of two development projects in Canada and the United States, the completi
Granite Real Estate Investment Trust ("Granite") (TSX:GRT, NYSE:GRP) 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 International (Toll): 1-785-424-1789 Conference ID/Passcode: REIT Webcast: To access th
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 Investment Trust ("Granite") (TSX:GRT, NYSE:GRP) expects to announce its financial results for the first quarter ended March 31, 2024 after the close of markets on Wednesday, May 8, 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, May 9, 2024 at 11:00 a.m. (ET) Telephone: North America (Toll-Free): 1-800-579-2543 International (Toll): 1-785-424-1699 Conference ID/Passcode: REIT Webcast: To access the live audio w