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Granite REIT (NYSE: GRPU) reported strong Q2 2025 financial results, with notable improvements in key metrics. Net operating income reached $123.4 million, up from $116.8 million year-over-year. The company achieved FFO of $85.4 million ($1.39 per unit) and AFFO of $75.1 million ($1.23 per unit).
The REIT completed $49.5 million in new acquisitions in Florida, acquiring two modern distribution facilities totaling 0.1 million square feet at a 5.0% initial yield. Occupancy improved to 95.8%, with committed occupancy reaching 96.5%. The company also reported successful leasing activity with 18% average rental rate spreads over expiring rents.
Granite increased its 2025 guidance, forecasting FFO per unit of $5.75-$5.90 and AFFO per unit of $4.90-$5.05, representing year-over-year growth of 6-9% and 1-4% respectively.
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Granite REIT (NYSE:GRPU) has scheduled its second quarter 2025 financial results announcement for August 6, 2025 after market close. The company will host a conference call and live audio webcast on August 7, 2025 at 11:00 a.m. ET to discuss the results.
The conference call will be led by President and CEO Kevan Gorrie, with toll-free access available for North American participants and international dial-in options. A webcast replay will be accessible for 90 days following the event.
Granite REIT (TSX: GRT.UN / NYSE: GRP.U) has announced its monthly distribution for May 2025. The company will distribute CDN $0.2833 per unit to unitholders. The payment will be made on June 16, 2025, with the record date set for May 30, 2025. The company has confirmed that no portion of the distribution qualifies as effectively connected income for U.S. federal tax purposes.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has announced its monthly distribution for April 2025. The company will distribute CDN $0.2833 per unit to unitholders. The payment is scheduled for May 15, 2025, with a record date of April 30, 2025. The company has confirmed that no portion of the distribution qualifies as effectively connected income for U.S. federal tax purposes.
Granite REIT (TSX: GRT.UN / NYSE: GRP.U) has scheduled the announcement of its first quarter 2025 financial results for Wednesday, May 7, 2025, after market close. The company will host a conference call and live audio webcast on Thursday, May 8, 2025, at 11:00 a.m. ET to discuss the results.
The conference call will be led by Kevan Gorrie, President and Chief Executive Officer. Participants can join via North America toll-free number (1-800-549-8228) or international toll number (1-289-819-1520) using conference ID 15227. A webcast replay will be available for 90 days on the company's website.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has announced its monthly distribution for March 2025. The company will distribute CDN $0.2833 per unit to unitholders of record as of March 31, 2025. The payment will be made on April 15, 2025.
The company has confirmed that no portion of the distribution qualifies as effectively connected income for U.S. federal tax purposes. A qualified notice detailing the distribution sources will be provided to the Depository Trust & Clearing after the March 31 record date.
