Granite REIT Declares December 2024 Distribution
Granite Real Estate Investment Trust, often referred to as Granite, has made a significant announcement regarding its upcoming distribution for December 2024. As a trusted name in real estate investment, Granite (TSX: GRT.UN / NYSE: GRP.U) is committed to providing value to its unitholders. In this latest declaration, the company has set the distribution at CDN $0.2833 per unit.
Details of the Distribution
This distribution will be officially paid out on January 15, 2025, to unitholders whose names are recorded by the end of trading on December 31, 2024. As a company that values transparency, Granite aims to ensure that all its stakeholders are well-informed about the financial aspects of their investment.
Tax Implications of the Distribution
Granite wants to clarify that none of the distribution is considered effectively connected income for U.S. federal tax purposes. This provides reassurance to unitholders, particularly those based in the U.S., regarding the tax implications of their returns. Post the record date, a qualified notice detailing the various sources of the distribution will be provided to the Depository Trust & Clearing Corporation.
About Granite Real Estate Investment Trust
Granite operates as a Canadian-based Real Estate Investment Trust (REIT), focusing on acquiring, developing, and managing logistics, warehouse, and industrial properties across North America and Europe. With a robust portfolio, Granite proudly owns 143 investment properties encompassing approximately 63.3 million square feet of leasable area. This strategic presence in the market underscores the company’s commitment to growth and sustainability within the real estate sector.
Additional Information Available
For those interested in delving deeper, Granite has made copies of their financial data and publicly filed documents readily accessible online. They are available through the Canadian Securities Administrators’ System for Electronic Data Analysis and Retrieval, commonly referred to as SEDAR. This resource ensures that current and prospective investors can keep up to date with Granite's financial health and business operations.
Contact Information
Investors seeking further information about Granite REIT or inquiries regarding their investments can reach out to the company directly. Teresa Neto, the Chief Financial Officer, is available at 647-925-7560, alongside Andrea Sanelli, the Associate Director of Legal & Investor Services, who can be contacted at 647-925-7504. Their expertise will assist in addressing any queries you may have.
Frequently Asked Questions
What is the amount of the declared distribution by Granite REIT?
The declared distribution by Granite REIT for December 2024 is CDN $0.2833 per unit.
When will the distribution be paid to unitholders?
The distribution will be paid on January 15, 2025, to unitholders recorded as of December 31, 2024.
Does the distribution affect U.S. federal tax income?
No, Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
How many properties does Granite REIT own?
Granite REIT owns 143 investment properties, representing approximately 63.3 million square feet of leasable area.
Where can I find Granite REIT's financial documents?
Financial documents and other public filings for Granite REIT can be accessed via the SEDAR website.
