Granite REIT Declares Distribution for July 2024

Rhea-AI Summary

Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has declared a monthly distribution of CDN $0.275 per stapled unit for July 2024. The distribution will be paid on August 15, 2024 to unitholders of record as of July 31, 2024. Granite 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 U.S. Treasury regulations.

Positive

• Consistent monthly distribution of CDN $0.275 per stapled unit
• Timely payment schedule with clear record and payment dates

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 $0.275 per stapled unit for the month of July 2024. The distribution will be paid by Granite on Thursday, August 15, 2024 to stapled unitholders of record at the close of trading on Wednesday, July 31, 2024.

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 July 31, 2024, 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 143 investment properties representing approximately 63.3 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 Data Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717974403/en/

Teresa Neto

Chief Financial Officer

647-925-7560



Andrea Sanelli

Associate Director, Legal & Investor Services

647-925-7504

Source: Granite Real Estate Investment Trust

FAQ

What is the July 2024 distribution amount for Granite REIT (GRP.U)?

Granite REIT (GRP.U) has declared a distribution of CDN $0.275 per stapled unit for July 2024.

When will Granite REIT (GRP.U) pay its July 2024 distribution?

Granite REIT (GRP.U) will pay the July 2024 distribution on Thursday, August 15, 2024.

What is the record date for Granite REIT's (GRP.U) July 2024 distribution?

The record date for Granite REIT's (GRP.U) July 2024 distribution is Wednesday, July 31, 2024.

Does Granite REIT's (GRP.U) July 2024 distribution include effectively connected income for U.S. tax purposes?

No, Granite REIT (GRP.U) confirmed that no portion of the July 2024 distribution constitutes effectively connected income for U.S. federal tax purposes.