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Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CAD $0.250 per stapled unit for March 2021, payable on April 15, 2021, to unit holders of record by March 31, 2021. The units will trade ex-dividend starting March 30, 2021. Additionally, the distribution is not considered effectively connected income for U.S. federal tax, and a qualified notice will be issued post-record date. Granite operates in logistics and industrial property management, owning over 114 properties across North America and Europe.
Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) reported its financial results for Q4 2020, highlighting a net operating income of $77.5 million, up from $63.9 million YoY, primarily driven by acquisition activities. The Trust also completed acquisitions of six properties totaling approximately 3 million square feet for $364 million, enhancing its logistics portfolio. Net income attributable to stapled unitholders surged to $167.6 million from $90.6 million in Q4 2019, largely due to fair value gains on investments. Granite maintains a robust liquidity position, with $1.1 billion available to sustain operations amid the COVID-19 pandemic.
Granite Real Estate Investment Trust (GRT.UN, GRP.U) has declared a monthly distribution of CAD $0.250 per stapled unit for February 2021. This payment will be made on March 15, 2021, to unitholders of record as of March 1, 2021. The stapled units will start trading ex-dividend on February 26, 2021. Notably, this distribution does not qualify as U.S. federal tax-connected income. Granite operates primarily in logistics, owning over 110 properties across North America and Europe, totaling around 47 million square feet of leasable area.
Granite Real Estate Investment Trust (GRT.UN / GRP.U) has declared a monthly distribution of CAD $0.250 per stapled unit for January 2021. This expense will be paid to unitholders on February 16, 2021, with a record date of January 29, 2021. The ex-dividend trading will start on January 28, 2021, on both the Toronto and New York Stock Exchanges. Notably, the distribution is not considered effectively connected income for U.S. federal tax purposes. Granite owns over 110 properties, totaling approximately 47 million square feet of leasable area.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) will announce its financial results for Q4 and the year ending December 31, 2020, on March 3, 2021, after market close. A conference call led by CEO Kevan Gorrie is scheduled for March 4, 2021, at 11:00 a.m. ET, with toll-free access and international dialing options provided. Granite operates as a Canadian-based REIT, focusing on logistics, warehouse, and industrial property management, owning over 110 investment properties covering approximately 47 million square feet in North America and Europe.
