GRANITE REAL ESTATE INVESTMENT TRUST

Granite Real Estate Investment Trust has declared a distribution for October 2025, according to a filing with the U.S. Securities and Exchange Commission (SEC). The company did not disclose the amount of the distribution or the payment date. The statement was signed by Teresa Neto, Granite REIT’s chief financial officer. » Mere på de.investing.com

Granite’s board approved a quarterly cash dividend of $0.13 per common share, payable October 15, 2025 to shareholders of record on September 30, 2025. The stock has a current annual dividend yield of 0.48%; the company has paid uninterrupted dividends for 36 years. For Q2 2025, Granite reported adjusted EPS of $1.93 (above expectations), while revenue of $1.13 billion slightly missed estimates. Other news: Layne won a $13 million contract, J. Timothy Romer was appointed to the board, and DA Davidson raised its price target to $125 while reaffirming a buy rating. » Mere på de.investing.com

Granite has appointed J. Timothy Romer to its board of directors with immediate effect; he will serve on the audit/compliance and risk committees. Romer brings nearly four decades of infrastructure finance experience, including leadership roles at Goldman Sachs, Merrill Lynch and Foundation Credit. The appointment is intended to bolster Granite’s capital and infrastructure strategy as the company reports solid financial metrics. Recently, Granite beat EPS estimates for Q2 2025 but slightly missed revenue expectations; the company also awarded a contract to its subsidiary Layne and DA Davidson raised its price target. » Mere på de.investing.com