Granite Real Estate Investment Trust Stock Price, News & Analysis

Granite Real Estate Investment Trust (GRPU) has declared a CDN $0.2583 distribution per stapled unit for December 2021. The payment is scheduled for January 14, 2022, to unitholders on record after December 31, 2021. Trading on an ex-dividend basis will commence on December 30, 2021. Granite informs that no part of the distribution qualifies as effectively connected income for U.S. tax purposes. Granite operates logistics and industrial properties in North America and Europe, with 126 properties totaling approximately 53.3 million square feet.

Granite Real Estate Investment Trust (NYSE: GRPU) announced a distribution of CAD $0.250 per stapled unit for November 2021. This payout will occur on December 15, 2021, for unitholders recorded by the close of trading on November 30, 2021. The stapled units will start trading ex-dividend on November 29, 2021. Notably, no part of the distribution is considered effectively connected income for U.S. federal tax purposes. Granite manages 126 properties across North America and Europe, totaling roughly 53.3 million square feet of leasable area.

Granite Real Estate Investment Trust (NYSE:GRPU) announced an at-the-market equity distribution program (ATM Program) allowing it to sell up to $250 million of stapled units. The program, effective until November 1, 2023, enables Granite to issue units at the prevailing market price via the Toronto Stock Exchange or other platforms. Proceeds will support future acquisitions and development. The ATM Program's prospectus supplement will be available on SEDAR and EDGAR. Granite currently owns 126 properties totaling approximately 53.3 million square feet of leasable area.

Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) reported strong financial results for Q3 2021, with net operating income rising to $84.5 million from $76.5 million year-over-year. Funds from operations (FFO) increased to $65.2 million ($0.99 per unit), while adjusted funds from operations (AFFO) reached $61.2 million ($0.93 per unit). The Trust also announced $260 million in acquisitions across the U.S. and Netherlands and a 3.3% increase in distributions, effective December 2021. Granite's net income attributable to stapled unitholders surged to $421.8 million, bolstered by substantial fair value gains on investment properties.

Granite Real Estate Investment Trust (NYSE: GRPU) has declared a distribution of CAD $0.250 per stapled unit for October 2021. The payment will be made on November 15, 2021 to unitholders recorded by October 29, 2021. The ex-dividend date is set for October 28, 2021. Notably, none of the distribution qualifies as effectively connected income for U.S. federal tax purposes. Granite operates in North America and Europe, managing 119 investment properties with approximately 51.3 million square feet of leasable area.

Granite Real Estate Investment Trust (NYSE: GRPU) will announce its third-quarter financial results on November 3, 2021, after market close. A conference call led by Kevan Gorrie, President and CEO, is scheduled for November 4, 2021, at 11:00 a.m. ET. Granite, a Canadian-based REIT, specializes in logistics, warehouse, and industrial properties across North America and Europe, owning 119 properties totaling approximately 51.3 million square feet.

Granite Real Estate Investment Trust (GRPU) announced a distribution of CAD $0.250 per stapled unit for September 2021. This distribution will be paid on October 15, 2021 to unitholders recorded by the close of trading on September 30, 2021. The stapled units will trade ex-dividend from September 29, 2021. No part of the distribution is considered effectively connected income for U.S. federal tax purposes. Granite focuses on logistics and industrial properties in North America and Europe, managing 119 properties with approximately 51.3 million square feet leasable area.

Granite Real Estate Investment Trust has successfully completed a C$500 million offering of 2.194% Series 6 senior unsecured debentures due on August 30, 2028. These debentures, guaranteed by Granite and its subsidiary, are part of Granite's second green bond issuance. The net proceeds will finance or refinance expenditures associated with Eligible Green Projects, as outlined in their Green Bond Framework. The debentures carry credit ratings of BBB (high) from DBRS and Baa2 from Moody’s.

Granite Real Estate Investment Trust has announced the pricing of a C$500 million offering of 2.194% Series 6 senior unsecured debentures due August 30, 2028. The debentures, guaranteed by Granite and Granite REIT Inc., are part of the company's second green bond issuance. The offering is expected to close on or about August 30, 2021, pending customary closing conditions. Proceeds will fund Eligible Green Projects as per Granite's Green Bond Framework. The company has engaged Scotia Capital Inc. and RBC Capital Markets as co-leads for the offering.