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Granite Real Estate Investment Trust (GRT_u.TO)

GRT_u.TO on Toronto Stock Exchange

49.11CAD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Granite REIT Completes Sale Of $400 Million Of Properties
Thursday, 1 Feb 2018 05:55pm EST 

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
Wednesday, 17 Jan 2018 06:21pm EST 

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
Tuesday, 7 Nov 2017 08:08pm EST 

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 08:38am EDT 

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
Friday, 15 Sep 2017 05:23pm EDT 

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
Wednesday, 2 Aug 2017 09:12pm EDT 

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

Granite Real Estate Investment Q1 FFO per stapled unit C$0.84
Tuesday, 9 May 2017 08:11pm EDT 

May 9 (Reuters) - Granite Real Estate Investment Trust :Announces 2017 first quarter results.Q1 basic and diluted AFFO per stapled unit C$0.86.Q1 basic and diluted FFO per stapled unit C$0.84.Q1 rental revenue and tenant recoveries $55.2 mln versus $56.4 million.All figures in C$.  Full Article

Granite prices offering of $400 mln 3.873% senior debentures due 2023
Monday, 5 Dec 2016 06:05pm EST 

Granite Real Estate Investment Trust : Granite prices offering of $400 million 3.873% senior debentures due 2023 and issues notice of redemption of senior debentures due 2018 .Granite real estate investment trust - redeem in full $200 million principal amount outstanding of granite lp's 4.613% series 1 senior debentures due 2018.  Full Article

Granite REIT Q2 FFO $0.85 per stapled unit
Wednesday, 3 Aug 2016 05:33pm EDT 

Granite Real Estate Investment Trust : Granite announces 2016 second quarter results . Qtrly ffo $0.85 per stapled unit .Q2 FFO per share view c$0.86 -- Thomson Reuters I/B/E/S.  Full Article

Granite Real Estate Investment Trust declares monthly distribution
Thursday, 17 Mar 2016 05:04pm EDT 

Granite Real Estate Investment Trust:Board of trustees has declared a distribution on Granite's stapled units of CDN$0.203 per stapled unit.Distribution will be paid by Granite on April 15 to stapled unitholders of record date as on March 31.  Full Article

BRIEF-Granite REIT Completes Sale Of $400 Million Of Properties

* GRANITE REIT COMPLETES SALE OF $400 MILLION OF PROPERTIES AND ENTERS INTO A NEW 5-YEAR $500 MILLION UNSECURED CREDIT FACILITY