Granite Real Estate Investment Trust Stock Price, News & Analysis

Granite Real Estate Investment Trust (GRPU) announced a CDN $0.2583 distribution per stapled unit for July 2022. The payment will be made on August 15, 2022, to unitholders recorded by the close of trading on July 29, 2022. The stapled units will trade ex-dividend starting July 28, 2022. The distribution does not include any U.S. federal tax income. Granite manages 137 properties across North America and Europe, encompassing approximately 57.3 million square feet of leasable space.

Granite Real Estate Investment Trust (NYSE:GRPU) will announce its financial results for Q2 on August 10, 2022. A conference call is scheduled for August 11, 2022, at 11:00 a.m. ET, led by President and CEO Kevan Gorrie. Granite operates in the logistics and industrial property sector, managing 137 properties across North America and Europe, totaling approximately 57.3 million square feet of leasable area. Further details are accessible on SEDAR and EDGAR.

Granite Real Estate Investment Trust (NYSE: GRPU) declared a distribution of CDN $0.2583 per stapled unit for June 2022. This payment will be made on July 15, 2022 to unitholders of record by June 30, 2022. Trading on an ex-dividend basis will commence on June 29, 2022. Additionally, it was confirmed that no part of this distribution qualifies as effectively connected income for U.S. federal tax purposes. Granite specializes in logistics, warehouse, and industrial properties across North America and Europe, managing 137 properties.

Granite Real Estate Investment Trust (NYSE: GRPU) announced the results of its annual general and special meetings, where 50,891,925 stapled units, representing 77.4% of outstanding units, were voted. All nominated individuals for trustee and director were elected with over 99% approval. Deloitte LLP was re-appointed as the auditors for both Granite REIT and Granite GP with similar high approval rates. A notable point was the special resolution on amendments to Granite GP's articles, which was not approved, receiving only 29.01% support.

Granite Real Estate Investment Trust (NYSE:GRPU) has received approval from the Toronto Stock Exchange for a Normal Course Issuer Bid (NCIB) to repurchase up to 6,566,292 Stapled Units over the next year, representing approximately 10% of its public float. The NCIB will commence on May 24, 2022, and runs until May 23, 2023. Daily purchases will be capped at 39,046 Stapled Units. The Board believes that acquiring units at perceived undervalued prices is beneficial for the company. Granite operates 137 properties across North America and Europe, totaling 57.3 million square feet.

Granite Real Estate Investment Trust (NYSE: GRPU) announced a distribution of CDN $0.2583 per stapled unit for May 2022. This distribution will be paid on June 15, 2022, to unitholders of record as of May 31, 2022. The stapled units will commence trading ex-dividend from May 30, 2022 on the Toronto Stock Exchange and May 27, 2022 on the NYSE. No part of this distribution is considered effectively connected income for U.S. federal tax purposes.

Granite Real Estate Investment Trust reported its Q1 2022 results, revealing a net operating income (NOI) of $91.2 million, up from $81.5 million in Q1 2021. The Trust's funds from operations (FFO) reached $69.4 million, translating to $1.05 per unit, compared to $57.1 million ($0.93 per unit) last year. Granite completed the acquisition of two income-producing properties and one under development in Indiana and Illinois, totaling 1.4 million square feet for approximately $193.6 million. The net income for the quarter surged to $497.7 million, buoyed by significant fair value gains on investment properties.

Granite Real Estate Investment Trust (NYSE: GRPU) has declared a distribution of CDN $0.2583 per stapled unit for April 2022. This distribution will be paid on May 16, 2022, to unitholders on record as of the close of trading on April 29, 2022. The stapled units will trade on an ex-dividend basis starting April 28, 2022. Additionally, no part of the distribution is considered effectively connected income for U.S. tax purposes. Granite operates 134 properties across North America and Europe, totaling around 55.9 million square feet.

Granite Real Estate Investment Trust (NYSE: GRPU) will announce its Q1 financial results for the period ending March 31, 2022 after market close on May 11, 2022. A conference call will follow on May 12, 2022 at 11:00 a.m. ET. Granite, a Canadian REIT, owns 134 properties with approximately 55.9 million square feet of leasable area across North America and Europe.