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Granite Real Estate Investment Trust (GRT_u.TO)

GRT_u.TO on Toronto Stock Exchange

62.74CAD
22 May 2019
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Latest Key Developments (Source: Significant Developments)

Granite Acquires Two State-Of-The-Art Distribution Properties In The GTA
Wednesday, 10 Apr 2019 

April 9 (Reuters) - Granite Real Estate Investment Trust ::GRANITE ACQUIRES TWO STATE-OF-THE-ART DISTRIBUTION PROPERTIES IN THE GTA.GRANITE REAL ESTATE INVESTMENT TRUST - PROPOSED DEAL FOR PURCHASE PRICE OF CAD 154 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - PURCHASE PRICE OF CAD 154 MILLION..GRANITE REAL ESTATE INVESTMENT TRUST - FUNDED ACQUISITION WITH EXISTING CASH ON HAND..  Full Article

Granite Announces Three Acquisitions In The United States
Thursday, 7 Feb 2019 

Granite Real Estate Investment Trust ::GRANITE ANNOUNCES THREE ACQUISITIONS IN THE UNITED STATES.GRANITE REAL ESTATE INVESTMENT TRUST - PURCHASE PRICE OF USD 173.3 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - DEAL FOR PURCHASE PRICE OF USD 173.3 MILLION.  Full Article

Granite Q3 Adjusted FFO Per Share C$0.82
Wednesday, 7 Nov 2018 

Nov 6 (Reuters) - Granite Real Estate Investment Trust ::GRANITE ANNOUNCES 2018 THIRD QUARTER RESULTS AND INCREASES ITS MONTHLY DISTRIBUTION.Q3 REVENUE C$63.8 MILLION VERSUS C$60.8 MILLION.Q3 ADJUSTED FFO PER SHARE C$0.82.Q3 FFO PER SHARE C$0.86.Q3 FFO PER SHARE VIEW C$0.90 -- THOMSON REUTERS I/B/E/S.  Full Article

Granite Reports Q4 FFO Per Share C$0.89
Friday, 2 Mar 2018 

March 1 (Reuters) - Granite Real Estate Investment Trust ::GRANITE ANNOUNCES 2017 FOURTH QUARTER AND YEAR END RESULTS.Q4 REVENUE C$57.2 MILLION VERSUS C$54.3 MILLION.Q4 ADJUSTED FFO PER SHARE C$0.69.Q4 FFO PER SHARE C$0.89.  Full Article

Granite REIT Completes Sale Of $400 Million Of Properties
Friday, 2 Feb 2018 

Feb 1 (Reuters) - Granite Real Estate Investment Trust ::GRANITE REIT COMPLETES SALE OF $400 MILLION OF PROPERTIES AND ENTERS INTO A NEW 5-YEAR $500 MILLION UNSECURED CREDIT FACILITY.GRANITE REAL ESTATE INVESTMENT TRUST - ‍CREDIT FACILITY HAS 5 YEAR TERM STARTING FEB 1, 2018, REPLACES CO'S EXISTING $250 MILLION CREDIT FACILITY​.  Full Article

Granite REIT Signs Agreements To Sell Ten Properties For About $400 Mln
Thursday, 18 Jan 2018 

Jan 17 (Reuters) - Granite Real Estate Investment Trust ::GRANITE REIT UNLOCKS VALUE WITH SALE OF $400 MILLION OF PROPERTIES INCLUDING THREE SPECIAL PURPOSE PROPERTIES.GRANITE REAL ESTATE INVESTMENT TRUST - ENTERS INTO AGREEMENTS FOR SALE OF TEN PROPERTIES FOR A TOTAL SALES PRICE OF ABOUT $400 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - TAX EFFICIENT TRANSACTIONS ARE ACCRETIVE TO GRANITE'S NET ASSET VALUE BY ABOUT $1.50 PER STAPLED UNIT.GRANITE REAL ESTATE INVESTMENT TRUST - POST COMPLETION OF TRANSACTIONS, GRANITE'S ESTIMATED NET DEBT-TO-GROSS BOOK VALUE WILL BE ABOUT 10%.  Full Article

Granite announces 2017 third quarter results and increases distribution
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Granite Real Estate Investment Trust :Granite announces 2017 third quarter results and increases distribution.Q3 revenue C$55.3 million versus C$56.3 million.Q3 adjusted FFO per share C$0.85.Q3 FFO per share C$0.86.Granite Real Estate Investment Trust - ‍granite will increase its targeted annualized distribution by 4.6% to $2.72 ($0.227 per month) per stapled unit​.  Full Article

Granite CEO, Michael Forsayeth, to retire September 30, 2018
Monday, 25 Sep 2017 

Sept 25 (Reuters) - Granite Real Estate Investment Trust :Granite CEO, Michael Forsayeth, to retire September 30, 2018.Granite Real Estate Investment Trust - Forsayeth will remain in his role as chief executive officer until such time as a successor is appointed​.Granite Real Estate Investment Trust - ‍board has commenced a comprehensive search to identify a successor​.  Full Article

Granite announces acquisition of US$122.8 million portfolio in the United States
Saturday, 16 Sep 2017 

Sept 15 (Reuters) - Granite Real Estate Investment Trust :Granite announces acquisition of US$122.8 million portfolio in the United States and leasing update.Granite Real Estate Investment Trust - deal will be immediately accretive to funds from operations and adjusted funds from operations​.Granite Real Estate Investment Trust - ‍expects to fund purchase through a combination of cash on hand and a drawdown of its unsecured credit facility​.  Full Article

Granite Q2 FFO per unit $0.67
Thursday, 3 Aug 2017 

Aug 2 (Reuters) - Granite Real Estate Investment Trust ::GRANITE ANNOUNCES 2017 SECOND QUARTER RESULTS.RENTAL REVENUE AND TENANT RECOVERIES WERE $55.0 MILLION IN 2 COMPARED TO $56.4 MILLION IN PRIOR YEAR PERIOD.QTRLY FFO PER UNIT $0.67.QTRLY AFFO PER UNIT $0.69.  Full Article