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Granite REIT Declares Distribution for April 2025

1. Granite announced a CDN $0.2833 distribution for April 2025. 2. The payment date is set for May 15, 2025.

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FAQ

Why Bullish?

The reliable dividend distribution reflects financial stability, which can enhance investor confidence. Historically, consistent distributions in REITs have boosted stock performance, especially near the payment date.

How important is it?

Regular distributions signal financial health, crucial for investor sentiment in REITs. This impacts GRP-UN's perception in the market positively, as consistent payouts can attract dividend-focused investors.

Why Short Term?

The distribution announcement typically affects stock prices leading up to the payment date. This is supported by patterns observed around dividend announcements in real estate sectors.

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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 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.

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