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Granite REIT Declares Distribution for January 2023
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Granite Real Estate Investment Trust (NYSE:GRPU) has declared a distribution of CDN $0.2667 per stapled unit for January 2023. The payment date is set for February 15, 2023, with a record date of January 31, 2023. The stapled units will trade on an ex-dividend basis from January 30, 2023. Importantly, this distribution does not constitute effectively connected income for U.S. federal tax purposes. Granite specializes in logistics, warehouse, and industrial properties, owning 141 investment properties covering approximately 58.8 million square feet of leasable area.
Positive
Declared a stable monthly distribution of CDN $0.2667 per stapled unit.
Strong asset base with 141 investment properties and 58.8 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 $0.2667 per stapled unit for the month of January 2023. The distribution will be paid by Granite on Wednesday, February 15, 2023 to stapled unitholders of record at the close of trading on Tuesday, January 31, 2023. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, January 30, 2023, 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 January 31, 2023, 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 141 investment properties representing approximately 58.8 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.
