Granite REIT declares distribution for June 2022

TORONTO, June 17, 2022–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite“) (TSX: GRT.UN / NYSE: GRP.U) today announced that its Board of Directors has declared a distribution of C$0.2583 per Stapled Unit for the month of June 2022. The distribution will be paid by Granite on Friday, July 15, 2022 to registered Stapled Unitholders at the close of trading on Thursday, June 30, 2022. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Wednesday, June 29, 2022 on the Toronto Stock Exchange and the New York Stock Exchange.

Granite confirms that no part of the distribution constitutes effectively related income for US federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be sent to the Depository Trust & Clearing Corporation after the record date of Thursday, June 30, 2022, pursuant to United States Treasury Regulations Section 1.1446-4.

ABOUT GRANITE

Granite is a Canadian REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 137 investment properties representing approximately 57.3 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents relating to Granite are available on the Internet on the System for Electronic Document Analysis and Retrieval (SEDAR) of the Canadian Securities Administrators, accessible at www.sedar.com and the U.S. Securities and Exchange Commission’s Electronic Data Collection, Analysis, and Retrieval System (EDGAR), accessible at www.sec.gov. For more information, please visit our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Associate Director, Legal and Investor Services, at 647-925-7504.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220617005314/en/

contacts

Teresa Neto, Chief Financial Officer, 647-925-7560
Andrea Sanelli, Associate Director, Legal and Investor Services, 647-925-7504

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