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Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has scheduled its fourth quarter and year-end 2024 financial results announcement for Wednesday, February 26, 2025, after market close. The company will host a conference call and live audio webcast on Thursday, February 27, 2025, at 11:00 a.m. ET to discuss the results.
The conference call will be led by President and CEO Kevan Gorrie. Participants can join via telephone using the toll-free number 1-800-549-8228 (North America) or 1-289-819-1520 (International) with Conference ID 77638. A live audio webcast will be available in listen-only mode, and a replay will be accessible for 90 days on the company's website.
Granite Real Estate Investment Trust has announced its monthly distribution for December 2024. The company will pay CDN $0.2833 per unit to unitholders of record as of December 31, 2024. The payment will be distributed on January 15, 2025. The company confirmed that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice detailing the distribution sources will be issued to the Depository Trust & Clearing after the record date.
Granite Real Estate Investment Trust has announced its monthly distribution of CDN $0.275 per unit for November 2024. The distribution will be paid on December 16, 2024, to unitholders of record as of November 27, 2024. The company confirmed that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
Granite Real Estate Investment Trust reported strong Q3 2024 results with notable financial improvements. Net operating income reached $119.6 million, up from $109.2 million year-over-year. FFO increased to $85.2 million ($1.35 per unit) from $79.1 million ($1.24 per unit). The company achieved a 31% average rental rate spread on new leases and renewals. Occupancy stood at 94.3% with committed occupancy at 94.7%. The Trust announced a 3.03% distribution increase to $3.40 per unit effective December 2024. Notable developments include completing two facility expansions in Ajax, Ontario and Weert, Netherlands.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CDN $0.275 per unit for October 2024. The distribution will be paid on November 15, 2024 to unitholders of record as of October 31, 2024. Granite has confirmed that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice detailing the sources of the distribution will be issued to the Depository Trust & Clearing after the record date, in compliance with United States Treasury Regulation Section 1.1446-4.
