An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Granite REIT Declares Distribution for October 2022
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Granite Real Estate Investment Trust has declared a distribution of CDN $0.2583 per stapled unit for October 2022. This distribution will be paid on November 15, 2022, to unitholders of record by the close of trading on October 31, 2022. Trading on an ex-dividend basis begins October 28, 2022. The company confirms that no part of the distribution is U.S. federal taxable income. Granite operates logistics and industrial properties across North America and Europe, owning 139 investment properties totaling around 57.5 million square feet.
Positive
Declared a monthly distribution of CDN $0.2583 per stapled unit.
Distribution payment scheduled for November 15, 2022.
Granite owns 139 properties, totaling approximately 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 October 2022. The distribution will be paid by Granite on Tuesday, November 15, 2022 to stapled unitholders of record at the close of trading on Monday, October 31, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Friday, October 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 October 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.
