Granite REIT Declares September 2024 Distribution
Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) has announced a monthly distribution of CDN $0.275 per stapled unit for September 2024. This decision made by the board of trustees highlights Granite's dedication to delivering consistent returns to its unitholders.
Distribution Details
This distribution is scheduled for payment on Tuesday, October 15, 2024. Unitholders on record as of the close of trading on Friday, September 27, 2024, will be eligible. This announcement underscores Granite's ongoing commitment to provide a stable income stream for its investors while also reflecting its focus on trust and transparency in governance.
Insight into the Fiscal Environment
Granite ensures compliance with regulatory standards, confirming that none of the distribution qualifies as effectively connected income for U.S. federal tax purposes. To provide clarity, a qualified notice will be issued that breaks down the sources of the distribution, in line with regulatory mandates set by the United States Treasury.
About Granite Real Estate Investment Trust
Granite is a leading Canadian REIT that concentrates on acquiring, developing, owning, and managing logistics, warehouse, and industrial properties across North America and Europe. Currently, Granite oversees a robust portfolio of 143 investment properties, encompassing around 63.3 million square feet of leasable space. This extensive presence in the real estate sector solidifies Granite's position as a key player within the investment landscape.
Resources for Investors and Commitment to Transparency
Granite is committed to maintaining transparency in its financial practices. As a result, copies of financial results and other public filings are freely accessible. Investors can find these documents through the Canadian Securities Administrators’ System for Electronic Data Analysis and Retrieval (SEDAR). This platform serves as an invaluable resource for monitoring the performance and governance of their investments.
Contact Information for the Company
If you have questions or need more detailed information, you can visit the Granite website or contact the finance team directly. Teresa Neto, Chief Financial Officer, is reachable at 647-925-7560 for any finance-related inquiries. For broader investor relations, Andrea Sanelli, Associate Director of Legal & Investor Services, is available at 647-925-7504. This easy access ensures that unitholders can always get the information they require.
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 does Granite REIT specialize in?
Granite REIT specializes in logistics, warehouse, and industrial properties across North America and Europe.
How many properties are in Granite's portfolio?
Granite manages 143 investment properties, totaling about 63.3 million square feet of leasable area.
Where can I access Granite's financial documents?
Financial documents can be accessed via the SEDAR system or on Granite's official website.
