Granite Real Estate Investment Trust Declares Distribution for May 2025
Granite Real Estate Investment Trust has announced that its board of trustees has declared a distribution of CDN $0.2833 per unit for the month of May 2025. This distribution will be paid to unitholders of record at the close of trading on Friday, May 30, 2025, and will be paid by Granite on June 16, 2025. The company confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. Granite, a Canadian-based REIT, owns 144 investment properties representing approximately 63.3 million square feet of leasable area in North America and Europe.
Key Takeaways:
- Granite's board of trustees has declared a distribution of CDN $0.2833 per unit for May 2025.
- The distribution will be paid on June 16, 2025, to unitholders of record at the close of trading on Friday, May 30, 2025.
- No portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
- Granite owns 144 investment properties, totaling approximately 63.3 million square feet of leasable area in North America and Europe.
- The company's distribution is expected to be paid to investors on the specified date.
- The distribution is in line with Granite's regular monthly distribution payment schedule.
- Granite is a Canadian-based REIT that specializes in acquiring, developing, owning, and managing logistics, warehouse, and industrial properties.
Statistics:
- Distribution per unit: CDN $0.2833
- Record date: Friday, May 30, 2025
- Payment date: June 16, 2025
- Total leasable area: Approximately 63.3 million square feet
- Number of investment properties: 144
Sources:
- Granite Real Estate Investment Trust (BusinessWire, https://www.businesswire.com/news/home/20250516117511/en/)