Granite Real Estate Investment Trust Stock Price, News & Analysis

Granite Real Estate Investment Trust reported strong combined results for Q4 2021, with net operating income rising to $86.3 million, up 11.4% from the previous year. The Trust acquired nine income-producing properties across Canada, the U.S., and Europe for approximately $510.3 million, contributing to a net income of $341.2 million, a significant increase from $167.6 million a year earlier. However, FFO and AFFO were negatively impacted by currency fluctuations, decreasing per unit by $0.04 and $0.04, respectively. Granite's AFFO payout ratio rose to 84%, indicating increased distributions to unitholders.

Granite Real Estate Investment Trust (NYSE: GRPU) has declared a monthly distribution of CDN $0.2583 per stapled unit for February 2022. The payment will be made on March 15, 2022, to unitholders of record as of February 28, 2022. The units will trade ex-dividend from February 25, 2022. Notably, no part of this distribution qualifies as effectively connected income for U.S. tax purposes. Granite, engaged in logistics and industrial property management, owns 126 investment properties with approximately 53.3 million square feet of leasable area.

Granite Real Estate Investment Trust (GRPU) has declared a monthly distribution of CDN $0.2583 per stapled unit for January 2022. This payment will be made on February 15, 2022, to unitholders recorded by the close of trading on January 31, 2022. Stapled units will trade on an ex-dividend basis starting January 28, 2022. Notably, the distribution does not constitute effectively connected income for U.S. federal tax purposes.

Granite Real Estate Investment Trust (NYSE:GRPU) will announce its financial results for the fourth quarter and year-ended December 31, 2021 after market close on March 9, 2022. A conference call, hosted by President and CEO Kevan Gorrie, is scheduled for March 10, 2022, at 11:00 a.m. ET, with toll-free dialing available for North American callers. Granite owns 126 investment properties totaling approximately 53.3 million square feet of leasable area across North America and Europe.

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.