Granite Real Estate Investment Sta

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite REIT” or “Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today the results of the matters voted on at its annual general meeting of unitholders held virtually earlier today (the “Meeting”). Each of the individuals nominated for election as a trustee of Granite REIT, as set out in Granite's Management Information Circular dated April 10, 2025, were elected as set out below. A total of 46,975,817 units (76.33% of outstandin.» Mehr auf businesswire.com

TORONTO--(BUSINESS WIRE)--Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2833 per unit for the month of May 2025. The distribution will be paid by Granite on June 16, 2025 to unitholders of record at the close of trading on Friday, May 30, 2025. Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notic.» Mehr auf businesswire.com

Granite REIT's recent share price decline is overdone, presenting a buying opportunity with an attractive relative valuation and a well-covered 5.14% dividend yield. Granite's conservative debt levels, strong tenant roster, and long lease terms provide resilience against tariff impacts and economic uncertainty. The REIT's active share repurchase program signals management's confidence in its valuation and financial health, with no debt maturing in 2025.» Mehr auf seekingalpha.com