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Granite REIT Declares Distribution for December 2021
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
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.
Positive
Declared monthly distribution of CDN $0.2583 per stapled unit.
Scheduled payment date set for January 14, 2022.
Granite owns 126 investment properties across North America and Europe, totaling approximately 53.3 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 December 2021. The distribution will be paid by Granite on January 14, 2022 to stapled unitholders of record at the close of trading on Friday, December 31, 2021. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Thursday, December 30, 2021 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 December 31, 2021, 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 126 investment properties representing approximately 53.3 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, Manager, Legal & Investor Services, at 647-925-7504.
