Granite Real Estate Investment Trust Announces Distribution for September 2024

Strategic Insights -

Granite Real Estate Investment Trust has declared a distribution of CDN $0.275 per stapled unit for the month of September 2024. This distribution will be paid on October 15, 2024, to stapled unitholders of record at the close of trading on September 27, 2024. The trust 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.

Key Takeaways:

  • Granite's board of trustees has declared a CDN $0.275 per stapled unit distribution for September 2024, which will be paid on October 15, 2024.
  • The distribution will be made to stapled unitholders of record at the close of trading on September 27, 2024.
  • No portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • Granite owns 143 investment properties representing approximately 63.3 million square feet of leasable area.
  • The trust engages in the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties in North America and Europe.
  • Financial data and other publicly filed documents about Granite are available through the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval+ (SEDAR+) and the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR).

Statistics:

  • CDN $0.275 per stapled unit distribution for September 2024.
  • Distribution to be paid on October 15, 2024.
  • Record date for distribution: September 27, 2024.
  • Granite owns 143 investment properties.
  • Approximately 63.3 million square feet of leasable area.

Sources:

  • BusinessWire, "Granite Real Estate Investment Trust Announces Distribution for September 2024" (2024)