Granite Real Estate Investment Trust Declares Distribution for August 2024

Strategic Insights -

Granite Real Estate Investment Trust has announced the declaration of a distribution of CDN $0.275 per stapled unit for the month of August 2024. The distribution will be paid on Monday, September 16, 2024, to stapled unitholders of record at the close of trading on Friday, August 30, 2024. This distribution is a regular occurrence for the REIT, which has a history of providing consistent returns to its shareholders.

Key Takeaways:

  • Granite Real Estate Investment Trust has declared a distribution of CDN $0.275 per stapled unit for August 2024.
  • The distribution will be paid on Monday, September 16, 2024, to unitholders of record at the close of trading on Friday, August 30, 2024.
  • This distribution is part of Granite's regular distribution schedule, providing consistent returns to its shareholders.
  • Granite owns 143 investment properties representing approximately 63.3 million square feet of leasable area, focusing on logistics, warehouse, and industrial properties in North America and Europe.
  • 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.
  • The REIT confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.

Statistics:

  • Distribution amount: CDN $0.275 per stapled unit
  • Distribution date: Monday, September 16, 2024
  • Record date: Friday, August 30, 2024
  • Number of investment properties: 143
  • Leasable area: approximately 63.3 million square feet

Sources:

  • Granite Real Estate Investment Trust, Business Wire, "Granite Real Estate Investment Trust Co. ("Granite") (TSX: GRT.UN / NYSE: GRP.U)" (August 16, 2024)