Granite REIT (TSX:GRT) Announces August 2024 Distribution

1 min read | August 19, 2024 04:40 AM EDT | By Team Kalkine Media

Google News:

Granite REIT (TSX:GRT) Announces August 2024 Distribution — Image source: Shutterstock

Recent News

Canadian Energy Stocks Enter Spotlight As Market Selectivity Rises

TSX Energy Stocks Shape Canada Market Mood This Month

Why TSX Industrial Stocks Matter In Canada’s New Market Cycle?

Industrial Stocks On TSX Signal Fresh Market Opportunities Ahead

Make Kalkine Media
My Trusted Source

Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) has declared a distribution of CDN $0.275 per stapled unit for August 2024. This announcement, made two days ago, confirms that the distribution will be paid on Monday, September 16, 2024. Unitholders of record as of the close of trading on Friday, August 30, 2024, will be eligible to receive this payment.

Granite has also clarified that no portion of the distribution will be considered effectively connected income for U.S. federal tax purposes. For transparency, a qualified notice detailing the sources of the distribution will be provided to the Depository Trust & Clearing Corporation after the record date, in accordance with U.S. Treasury Regulation Section 1.1446-4.

Granite Real Estate Investment Trust, headquartered in Canada, focuses on the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties across North America and Europe. As of now, Granite's portfolio includes 143 investment properties with a total leasable area of approximately 63.3 million square feet. This distribution reflects Granite's ongoing commitment to delivering value to its unitholders while maintaining a robust property portfolio and strategic growth initiatives.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.