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Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has announced a distribution of CDN $0.2667 per stapled unit for June 2023. The distribution will be paid on July 14, 2023 to stapled unitholders of record as of June 30, 2023. The stapled units will begin trading ex-dividend on June 29, 2023 on both the Toronto Stock Exchange and New York Stock Exchange.
Granite has confirmed that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice detailing the sources of the distribution will be issued to the Depository Trust & Clearing after the record date, in compliance with United States Treasury Regulation Section 1.1446-4.
Granite Real Estate Investment Trust (GRPU) declared a distribution of CDN
Granite confirms that this distribution does not represent effectively connected income for U.S. federal tax purposes. A qualified notice will be issued to the Depository Trust & Clearing Corporation post-record date. Granite, based in Canada, operates logistics and industrial properties across North America and Europe, owning 140 investment properties totaling approximately 59.4 million square feet of leasable area.
Granite Real Estate Investment Trust (NYSE:GRPU) will announce its first quarter financial results for the period ending March 31, 2023, after market close on May 10, 2023. A conference call led by President and CEO Kevan Gorrie is scheduled for May 11, 2023, at 11:00 a.m. ET. Investors can participate by calling 1 (800) 920-3395 (North America) or 1 (416) 641-6700 (internationally). A replay will be available until May 22, 2023. Granite operates as a Canadian-based REIT, managing logistics and industrial properties, with ownership of 140 investment properties totaling approximately 59.4 million square feet in North America and Europe.
Granite Real Estate Investment Trust (NYSE: GRPU) declared a distribution of CDN
Granite Real Estate Investment Trust (GRPU) announced its financial results for Q4 and the fiscal year ended December 31, 2022. Key metrics include a net operating income of $102.4 million, a 6% increase in same property NOI, and a funds from operations (FFO) of $77.2 million ($1.20 per unit). However, Granite reported a net loss of $126.3 million largely due to a $579 million decline in the fair value of investment properties amidst rising interest rates. Notably, the AFFO payout ratio improved to 75%. Granite's development pipeline includes significant projects in Tennessee and Texas, with substantial leases already signed.
Granite Real Estate Investment Trust has announced a monthly distribution of CDN $0.2667 per stapled unit for February 2023. The distribution will be paid on March 15, 2023 to unit holders recorded at the close of trading on February 28, 2023. Ex-dividend trading will commence on February 27, 2023. Notably, no portion of this distribution is considered effectively connected income for U.S. federal tax purposes. Granite operates 141 properties across North America and Europe, totaling approximately 58.8 million square feet of leasable area.
