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Granite Real Estate Investment Trust (GRPU) announced a CDN $0.2583 distribution per stapled unit for July 2022. The payment will be made on August 15, 2022, to unitholders recorded by the close of trading on July 29, 2022. The stapled units will trade ex-dividend starting July 28, 2022. The distribution does not include any U.S. federal tax income. Granite manages 137 properties across North America and Europe, encompassing approximately 57.3 million square feet of leasable space.
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Declared CDN $0.2583 distribution per stapled unit for July 2022.
Strong asset base with 137 properties totaling approximately 57.3 million square feet of leasable area.
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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 July 2022. The distribution will be paid by Granite on Monday, August 15, 2022 to stapled unitholders of record at the close of trading on Friday, July 29, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Thursday, July 28, 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 Friday, July 29, 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 137 investment properties representing approximately 57.3 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, Associate Director, Legal & Investor Services, at 647-925-7504.
