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.
Granite Real Estate Investment Trust (GRPU) announced a distribution of CAD
Granite Real Estate Investment Trust has successfully completed a C$500 million offering of 2.194% Series 6 senior unsecured debentures due on August 30, 2028. These debentures, guaranteed by Granite and its subsidiary, are part of Granite's second green bond issuance. The net proceeds will finance or refinance expenditures associated with Eligible Green Projects, as outlined in their Green Bond Framework. The debentures carry credit ratings of BBB (high) from DBRS and Baa2 from Moody’s.
Granite Real Estate Investment Trust has announced the pricing of a C$500 million offering of 2.194% Series 6 senior unsecured debentures due August 30, 2028. The debentures, guaranteed by Granite and Granite REIT Inc., are part of the company's second green bond issuance. The offering is expected to close on or about August 30, 2021, pending customary closing conditions. Proceeds will fund Eligible Green Projects as per Granite's Green Bond Framework. The company has engaged Scotia Capital Inc. and RBC Capital Markets as co-leads for the offering.
Granite Real Estate Investment Trust (NYSE: GRPU) has announced the acquisition of a development property in Brantford, Ontario, and a portfolio of five income-producing properties in the U.S., totaling approximately 4.2 million square feet for about C$330.7 million. The Brantford site will develop logistics space expected to yield 5.5% upon stabilization. Also, Granite has initiated a build-to-suit lease of 690,000 square feet with an e-commerce retailer in Houston, complementing its existing projects. These acquisitions aim to enhance Granite's portfolio and provide substantial net asset value growth.
Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CAD $0.250 per stapled unit for August 2021. This distribution will be paid on September 15, 2021, to unitholders of record by the close of trading on August 31, 2021. The units will trade ex-dividend starting August 30, 2021. The distribution does not constitute effectively connected income for U.S. federal tax purposes. Granite owns 118 investment properties totaling approximately 51.3 million square feet across North America and Europe.
Granite Real Estate Investment Trust (GRP.U), announced a CAD $0.250 monthly distribution for July 2021, payable on August 16, 2021, to unitholders on record as of July 30, 2021. The stapled units will trade ex-dividend starting July 29, 2021, on both the Toronto and New York Stock Exchanges. The distribution does not qualify as effectively connected income for U.S. federal tax purposes. Granite owns 115 properties across North America and Europe, totaling approximately 50.4 million square feet of leasable area.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) will announce its financial results for the second quarter ended June 30, 2021 on August 4, 2021, after market close. A conference call, led by President and CEO Kevan Gorrie, will follow on August 5, 2021, at 11:00 a.m. ET. Interested participants can call 1 (800) 908-8951 (North America) or 1 (416) 641-6712 (International). A replay will be available until August 16, 2021. Granite operates in the logistics, warehouse, and industrial property sectors, with a portfolio of 115 properties covering approximately 50.4 million square feet.
Granite Real Estate Investment Trust (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CAD $0.250 per stapled unit for June 2021. This payment will be made on July 15, 2021, to unitholders recorded by the close of trading on June 30, 2021. Trading on an ex-dividend basis will commence on June 29, 2021. Furthermore, Granite confirms that this distribution does not constitute effectively connected income for U.S. federal tax purposes. The company manages logistics and industrial properties across North America and Europe, owning 115 properties totaling approximately 50.4 million square feet.
Granite Real Estate Investment Trust (Granite REIT) and Granite REIT Inc. (Granite GP) reported the results of their joint annual general meetings, attended by 74% of stapled unitholders. All nominated trustees and directors were successfully elected, with Peter Aghar receiving 99.78% support as a trustee, while Remco Daal garnered 99.82% as a director. The re-appointment of Deloitte LLP as auditors was also approved with 99.93% support. Granite owns and manages 115 properties totaling approximately 50.4 million square feet in North America and Europe.
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