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Granite Real Estate Investment Trust (GRPU) declared a distribution of CDN $0.2667 per stapled unit for April 2023. This distribution will be paid on May 15, 2023, to unitholders recorded at the close of trading on April 28, 2023. Trading will commence on an ex-dividend basis on April 27, 2023, on both the Toronto and New York Stock Exchanges.
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 $0.2667 per stapled unit for March 2023. The payment will be made on April 14, 2023 to unitholders recorded by March 31, 2023. Trading ex-dividend starts on March 30, 2023. Granite confirms that no part of the distribution is effectively connected income for U.S. federal tax purposes. A qualified notice detailing the distribution sources will follow the record date, complying with U.S. Treasury regulations. Granite manages 140 investment properties across North America and Europe, totaling about 59.4 million square feet.
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.
Granite Real Estate Investment Trust (NYSE:GRPU) has extended the leases for its Graz, Austria facilities, comprising 5.0 million square feet, for ten years until January 31, 2034. Starting February 1, 2024, the annual rent for the first five years will increase with the consumer price index, capped at 10%. These facilities represent approximately 8% of Granite's annual revenue. Based in Canada, Granite specializes in logistics, warehouse, and industrial properties across North America and Europe, managing 141 properties with around 58.8 million square feet of leasable area.
Granite Real Estate Investment Trust (NYSE:GRPU) has declared a distribution of CDN $0.2667 per stapled unit for January 2023. The payment date is set for February 15, 2023, with a record date of January 31, 2023. The stapled units will trade on an ex-dividend basis from January 30, 2023. Importantly, this distribution does not constitute effectively connected income for U.S. federal tax purposes. Granite specializes in logistics, warehouse, and industrial properties, owning 141 investment properties covering approximately 58.8 million square feet of leasable area.
Granite Real Estate Investment Trust (GRPU) will release its financial results for Q4 and the year ended December 31, 2022, after market close on March 8, 2023. A conference call led by President and CEO Kevan Gorrie is scheduled for March 9 at 11:00 a.m. ET, available via toll-free and international numbers. Granite operates in the logistics and industrial property sector, owning 141 properties across North America and Europe, totaling 58.8 million square feet of leasable area.
Granite Real Estate Investment Trust (NYSE: GRPU) has declared a distribution of CDN $0.2667 per stapled unit for December 2022. This payment will be issued on January 17, 2023 to unitholders of record as of December 30, 2022. The units will trade on an ex-dividend basis starting December 29, 2022. Furthermore, no part of the distribution is considered effectively connected income for U.S. federal tax purposes, ensuring tax implications remain clear for investors. Granite owns 141 investment properties across North America and Europe.