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Granite Real Estate Investment Trust - GRPU STOCK NEWS

Welcome to our dedicated page for Granite Real Estate Investment Trust news (Ticker: grpu), a resource for investors and traders seeking the latest updates and insights on Granite Real Estate Investment Trust stock.

Granite Real Estate Investment Trust (GRPU) is a Canadian-based real estate investment trust specializing in the acquisition, development, and management of industrial properties. Established with a strategic focus on high-quality industrial and logistics assets, Granite REIT caters to a diverse range of tenants primarily in the transportation, warehousing, and distribution sectors.

Core Business: Granite REIT's core business revolves around creating and maintaining a portfolio of industrial properties that yield stable, long-term returns. The company owns properties across North America and Europe, with a strong presence in key markets.

Recent Achievements: Granite REIT has recently expanded its portfolio through strategic acquisitions and developments. Notable projects include new logistics centers in key metropolitan areas aimed at servicing the growing demand from e-commerce and distribution companies.

Current Projects: The company is actively involved in several development projects that aim to enhance its property portfolio. These projects are designed to provide state-of-the-art facilities for existing and potential tenants, which include Fortune 500 companies.

Financial Condition: Granite REIT has shown strong financial performance with consistent revenue growth and a healthy balance sheet. The trust’s financial stability is underpinned by its diversified tenant base and long-term lease agreements.

Partnerships: Granite REIT collaborates with various stakeholders including developers, contractors, and financial institutions to drive its growth strategy. These partnerships are crucial for identifying new opportunities and optimizing property management.

Products: The company's primary offerings include leasing industrial warehouses and logistics facilities. These properties are tailored to meet the needs of modern businesses requiring large-scale, efficient distribution solutions.

Granite REIT continues to add value for investors through its focused strategy, robust portfolio, and commitment to sustainable growth. Stay informed about Granite REIT's latest news and developments to make well-informed investment decisions.

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Granite Real Estate Investment Trust (GRT.UN / GRP.U) Declares CDN $0.2667 Distribution for November 2023
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Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) announced its combined results for the three and nine month periods ended September 30, 2023, including a 3.125% distribution increase effective December 2023. Financial highlights show a 7.0% increase in same property NOI - cash basis, FFO of $79.1 million, and AFFO of $69.6 million for the third quarter of 2023. Granite also completed a disposition of a property in Ontario for $20.6 million and secured financing through a senior unsecured non-revolving term facility and an offering of senior unsecured debentures.
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Granite Real Estate Investment Trust declares distribution for October 2023
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Granite REIT completes C$400 million offering of 6.074% Series 7 senior unsecured debentures due April 12, 2029
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Granite REIT announces C$400 million offering of 6.074% Series 7 senior unsecured debentures due April 12, 2029
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Granite Real Estate Investment Trust (GRT.UN / GRP.U) will announce its Q3 2023 financial results on November 8, 2023. Conference call to be held on November 9, 2023. Replay available until November 20, 2023.
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Granite Real Estate Investment Trust declares distribution of CDN $0.2667 per stapled unit for September 2023.
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Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CDN $0.2667 per stapled unit for August 2023. The distribution will be paid on September 15, 2023, to unitholders of record as of August 31, 2023. The stapled units will begin trading ex-dividend on August 30, 2023, on the Toronto Stock Exchange and New York Stock Exchange. The distribution is not considered effectively connected income for U.S. federal tax purposes.
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Granite Real Estate Investment Trust (TSX: GRT.UN; NYSE: GRP.U) announced its combined results for Q2 2023, reporting a net operating income of $108.6 million, a 17.0% increase from the prior year period. The company also released its 2022 Environmental, Social, Governance + Resilience (ESG+R) Report. Additionally, Granite recognized $13.5 million in net fair value losses on investment properties in Q2 2023. The company achieved average rental rate spreads of 15% over expiring rents and signed a new lease for 44,000 square feet at its property in Novi, Michigan. Granite's net income for Q2 2023 was $62.5 million, compared to a net loss of $122.3 million in the prior year period.
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Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CDN $0.2667 per stapled unit for July 2023. The distribution will be paid on August 15, 2023, to stapled unitholders of record as of July 31, 2023. The stapled units will begin trading ex-dividend on July 28, 2023, on the Toronto Stock Exchange and New York Stock Exchange.
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FAQ

What does Granite REIT do?

Granite REIT specializes in acquiring, developing, and managing industrial properties, focusing primarily on logistics and distribution sectors.

Where are Granite REIT's properties located?

Granite REIT owns properties across North America and Europe, with a strong presence in key markets.

What are Granite REIT's recent achievements?

Granite REIT has expanded its portfolio through strategic acquisitions and developments, including new logistics centers in key metropolitan areas.

How is Granite REIT performing financially?

Granite REIT has shown strong financial performance with consistent revenue growth and a healthy balance sheet.

Who are Granite REIT's partners?

Granite REIT collaborates with developers, contractors, and financial institutions to drive growth and optimize property management.

What are the main products offered by Granite REIT?

Granite REIT primarily offers leasing of industrial warehouses and logistics facilities tailored for large-scale distribution needs.

What is the focus of Granite REIT's current projects?

Granite REIT is involved in developing state-of-the-art logistics and industrial facilities to enhance its property portfolio.

Who are the typical tenants of Granite REIT properties?

Granite REIT's tenants include transportation, warehousing, and distribution companies, often featuring Fortune 500 companies.

How does Granite REIT ensure stable returns for investors?

Granite REIT ensures stable returns through a diversified tenant base, long-term lease agreements, and strategic property acquisitions.

Why should investors stay informed about Granite REIT?

Investors should stay informed about Granite REIT to make well-informed investment decisions based on the latest performance, events, and developments.

Granite Real Estate Investment Trust

NYSE:GRPU

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GRPU Stock Data

62.50M
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Canada
Toronto