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Granite REIT Declares Distribution for August 2022
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Granite Real Estate Investment Trust (NYSE: GRPU) announced a monthly distribution of CDN $0.2583 per stapled unit for August 2022. This distribution will be paid on September 15, 2022, to unitholders on record as of the close of trading on August 31, 2022. The stapled units will trade ex-dividend starting August 30, 2022. No part of the distribution is connected to U.S. federal tax income. Granite owns 139 properties, encompassing around 57.5 million square feet of leasable area across North America and Europe.
Positive
Monthly distribution of CDN $0.2583 per stapled unit announced.
Payout dates confirmed: September 15, 2022, for unitholders of record as of August 31, 2022.
Granite owns 139 properties with a total of 57.5 million square feet of leasable area.
Negative
None.
TORONTO--(BUSINESS WIRE)--
Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2583 per stapled unit for the month of August 2022. The distribution will be paid by Granite on Thursday, September 15, 2022 to stapled unitholders of record at the close of trading on Wednesday, August 31, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Tuesday, August 30, 2022 on the Toronto Stock Exchange and on the New York Stock Exchange.
Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of August 31, 2022, pursuant to United States Treasury Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 139 investment properties representing approximately 57.5 million square feet of leasable area.
OTHER INFORMATION
Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal & Investor Services, at 647-925-7504.
