1. Granite declared a CDN $0.2833 distribution per unit for May 2025. 2. Distribution to be paid on June 16, 2025, to record unitholders. 3. No portion of the distribution is effectively connected income for U.S. tax. 4. Granite manages 144 properties, totaling 63.3 million square feet. 5. Financial data can be accessed on SEDAR+ and SEC EDGAR.
The distribution announcement likely signifies financial health, akin to previous positive dividend declarations in REITs boosting investor confidence.
This dividend announcement positively impacts investor perception, which may enhance market demand for GRP.
The immediate payment of dividends tends to influence stock prices positively in the short run, as seen in similar REITs after distribution announcements.
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 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 Treasury Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 144 investment properties representing approximately 63.3 million square feet of leasable area.
OTHER INFORMATION
Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Data Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Senior Director, Legal & Investor Services, at 647-925-7504.