Granite REIT Declares Distribution for December 2025
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effectively connected incomefinancial
Effectively connected income is income earned by a non‑U.S. person that is linked to business activity carried out in the United States — like profits from a U.S. branch or sales tied to operations here. For investors, that connection matters because such income is taxed under U.S. rules (often at regular rates rather than withholding rates), affecting after‑tax returns, required tax filings and possible withholding on distributions. Think of it as income taxed where the business ‘has a store.’
Depository Trust & Clearing Corporationfinancial
A depository trust & clearing corporation is the central organization that records ownership of stocks and bonds, moves securities and money between buyers and sellers, and guarantees that trades are completed on time. Think of it as the post office and referee for the markets: it holds records, nets many trades into a single payment, and reduces the chance one side’s failure disrupts the entire system, which helps protect liquidity and investor confidence.
United States Treasury Regulation Section 1.1446-4regulatory
A U.S. Treasury regulation that sets rules for withholding tax when a partnership interest is sold and a foreign person may owe U.S. tax on gains tied to the partnership’s U.S. business. It tells buyers, partnerships and intermediaries how much tax to hold back at closing and how to calculate the seller’s U.S.-taxable share, acting like a cashier holding part of a sale until the tax bill is settled — important because it affects deal cash flow, net proceeds and compliance risk.
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 $0.2958 per unit for the month of December 2025. The distribution will be paid by Granite on January 15, 2026 to unitholders of record at the close of trading on December 31, 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 December 31, 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 140 investment properties representing approximately 60.9 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.
