Welcome to our dedicated page for GRP news (Ticker: GRP), a resource for investors and traders seeking the latest updates and insights on GRP stock.
Granite Real Estate Investment Trust (GRP) provides investors with comprehensive updates on its commercial property portfolio and strategic initiatives. This centralized resource aggregates official announcements, financial disclosures, and market developments relevant to this leading real estate trust.
Access timely updates on quarterly earnings, property acquisitions, and leasing activity across GRP's North American and European holdings. Our curated news feed delivers essential information about portfolio performance, capital recycling strategies, and leadership changes impacting this Toronto-based REIT.
Key updates include detailed coverage of industrial property expansions, tenant lease renewals, and financial position updates. Track GRP's progress in maintaining its 99% occupancy rate and CAD$13 billion asset portfolio through verified corporate communications.
Bookmark this page for direct access to GRP's regulatory filings and market-sensitive announcements. Investors can monitor the trust's execution of its long-term strategy focused on logistics properties and triple-net lease structures.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has announced its monthly distribution for April 2025. The company will distribute CDN $0.2833 per unit to unitholders. The payment is scheduled for May 15, 2025, with a record date of April 30, 2025. The company has confirmed that no portion of the distribution qualifies as effectively connected income for U.S. federal tax purposes.
Granite REIT (TSX: GRT.UN / NYSE: GRP.U) has scheduled the announcement of its first quarter 2025 financial results for Wednesday, May 7, 2025, after market close. The company will host a conference call and live audio webcast on Thursday, May 8, 2025, at 11:00 a.m. ET to discuss the results.
The conference call will be led by Kevan Gorrie, President and Chief Executive Officer. Participants can join via North America toll-free number (1-800-549-8228) or international toll number (1-289-819-1520) using conference ID 15227. A webcast replay will be available for 90 days on the company's website.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has announced its monthly distribution for March 2025. The company will distribute CDN $0.2833 per unit to unitholders of record as of March 31, 2025. The payment will be made on April 15, 2025.
The company has confirmed that no portion of the distribution qualifies as effectively connected income for U.S. federal tax purposes. A qualified notice detailing the distribution sources will be provided to the Depository Trust & Clearing after the March 31 record date.
Granite REIT (TSX: GRT.UN; NYSE: GRP.U) reported strong financial results for Q4 and full-year 2024. Net Operating Income (NOI) reached $121.2 million in Q4, up $11.2 million from the previous year, driven by lease commencements of expansion projects in Canada and Netherlands, and development completions in Canada and the US.
Key Q4 metrics include:
- FFO of $92.7 million ($1.47 per unit), up from $81.2 million ($1.27 per unit) in Q4 2023
- AFFO of $78.8 million ($1.25 per unit), increased from $73.2 million ($1.15 per unit)
- Same property NOI increased 6.3% on cash basis
- Occupancy rate of 94.9% as of December 31, 2024
The company achieved 14% average rental rate spreads over expiring rents for approximately 1,066,000 square feet of new leases and renewals in Q4. For 2025, Granite forecasts FFO per unit between $5.70-$5.85 (5-8% increase) and AFFO per unit of $4.80-$4.95 (flat to 2% increase).
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has announced its monthly distribution for February 2025. The company will distribute CDN $0.2833 per unit to unitholders of record as of February 28, 2025. The payment will be made on March 14, 2025.
The company has confirmed that no portion of the distribution qualifies as effectively connected income for U.S. federal tax purposes. A qualified notice detailing the distribution sources will be provided to the Depository Trust & Clearing after the record date.
Granite REIT has announced the completion of two significant financial transactions. First, through its subsidiary Granite REIT Holdings Partnership, the company has completed a C$300 million offering of Series 10 senior unsecured debentures. These debentures will mature on December 11, 2026, and bear interest at Daily Compounded CORRA plus 0.77% per annum, paid quarterly.
Through an existing cross currency interest rate swap, the company has converted the Canadian dollar principal and floating rate payments into Euro denominated principal and fixed payments, resulting in an effective fixed interest rate of 0.27% per annum. Additionally, Granite LP has fully repaid its C$300 million senior unsecured non-revolving term facility that was due to mature in December 2026, using proceeds from the new debenture offering.
Granite REIT announced that its subsidiary Granite REIT Holdings Partnership has priced a C$300 million offering of Series 10 senior unsecured debentures. The debentures will bear interest at Daily Compounded CORRA plus 0.77% per annum, payable quarterly, and will mature on December 11, 2026.
The offering is expected to close around February 4, 2025, subject to conditions including a Morningstar DBRS credit rating of 'BBB (high)' or higher. The debentures will be guaranteed by Granite and Granite REIT Inc.
The net proceeds will be used to repay Granite LP's C$300 million senior unsecured non-revolving term facility maturing December 11, 2026. Through an existing cross currency interest rate swap, Granite LP has converted the Canadian dollar principal and floating rate payments to Euro denominated principal with fixed interest payments at an effective rate of 0.27%.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has announced its monthly distribution for January 2025. The company will distribute CDN $0.2833 per unit to unitholders of record as of January 31, 2025, with payment scheduled for February 14, 2025. The company has confirmed that no portion of the distribution qualifies as effectively connected income for U.S. federal tax purposes. A qualified notice detailing the distribution sources will be provided to the Depository Trust & Clearing after the record date.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has scheduled its fourth quarter and year-end 2024 financial results announcement for Wednesday, February 26, 2025, after market close. The company will host a conference call and live audio webcast on Thursday, February 27, 2025, at 11:00 a.m. ET to discuss the results.
The conference call will be led by President and CEO Kevan Gorrie. Participants can join via telephone using the toll-free number 1-800-549-8228 (North America) or 1-289-819-1520 (International) with Conference ID 77638. A live audio webcast will be available in listen-only mode, and a replay will be accessible for 90 days on the company's website.
Granite Real Estate Investment Trust has announced its monthly distribution for December 2024. The company will pay CDN $0.2833 per unit to unitholders of record as of December 31, 2024. The payment will be distributed on January 15, 2025. The company confirmed that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice detailing the distribution sources will be issued to the Depository Trust & Clearing after the record date.
