Granite REIT Announces September 2024 Distribution Details
Granite REIT Announces Distribution for September 2024
Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) has declared a monthly distribution of CDN $0.275 per stapled unit for the month of September 2024. This decision by the board of trustees signifies Granite's commitment to providing steady returns to its unitholders.
Details of the Distribution
The distribution is set to be paid on Tuesday, October 15, 2024, to those unitholders recorded as of the close of trading on Friday, September 27, 2024. This announcement reinforces Granite's ongoing strategy to maintain a reliable income stream for its investors and reflects the trust and transparency upheld in its governance.
Understanding the Fiscal Environment
Granite is dedicated to upholding regulatory standards, ensuring that no part of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice will be distributed providing an extensive breakdown of the sources of the distribution, complying with the regulatory requirements established by the United States Treasury.
About Granite Real Estate Investment Trust
Granite is a prominent Canadian REIT specializing in the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties across North America and Europe. Currently, Granite manages an impressive portfolio comprising 143 investment properties, which offer approximately 63.3 million square feet of leasable area. This extensive reach in the property sector positions Granite as a significant player in the real estate investment sphere.
Investor Resources and Transparency
Granite is committed to transparency in its financial dealings, and thus, copies of financial data and other publicly filed documents are readily available. These can be accessed through the Canadian Securities Administrators’ System for Electronic Data Analysis and Retrieval (SEDAR). Investors will find this resource invaluable for tracking the performance and governance of their investments.
Company Contact Information
For further inquiries or detailed information, individuals can visit the Granite website or contact the finance team directly. Teresa Neto, Chief Financial Officer, is available at 647-925-7560 for any financial concerns, while Andrea Sanelli, Associate Director of Legal & Investor Services, can be reached at 647-925-7504 for broader investor relations. This connection ensures that unitholders can always find the information they need.
Frequently Asked Questions
What is the distribution amount for September 2024?
The distribution amount for September 2024 is CDN $0.275 per stapled unit.
When will the distribution be paid?
The distribution will be paid on October 15, 2024.
What is Granite REIT specialized in?
Granite REIT specializes in logistics, warehouse, and industrial properties in North America and Europe.
How many properties does Granite own?
Granite owns 143 investment properties covering approximately 63.3 million square feet of leasable area.
Where can I find financial documents for Granite?
Financial documents are available through the SEDAR system and can be accessed on Granite's official website.
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