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Granite REIT Announces 2025 Second Quarter Results, the Closing of $49.5 Million of New Acquisitions, and the Issuance of Its 2024 Global ESG+R Report

1. Granite announced acquisition of two U.S. properties for $49.5 million. 2. Condensed results for Q2 2025 were also released, affecting GRP-UN's outlook.

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FAQ

Why Bullish?

The recent acquisition indicates growth potential, improving Granite's income-generating assets. Historical acquisitions often lead to positive stock performance for REITs.

How important is it?

The article details strategic acquisitions which typically bolster investor confidence and trust in future earnings.

Why Short Term?

The short-term impact stems from immediate investor sentiment post-announcement, historically seen in similar announcements.

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GRT.UNSPGPLDAMT
TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) ("Granite" or the "Trust") announced today its condensed consolidated combined results for the three and six month periods ended June 30, 2025 and also announced that it has completed the acquisition of two income-producing properties in the United States comprising approximately 0.1 million square feet at a combined purchase price of approximately $49.5 million. Further, Granite announced that today it re.

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