Granite REIT declares distribution for August 2022

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TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its Board of Directors has declared a distribution of C$0.2583 per Stapled Unit for the month of August 2022. The distribution will be paid by Granite on Thursday, September 15, 2022 to Stapled Unitholders listed at the close of trading on Wednesday, August 31, 2022. The stapled units will begin trading on an ex-dividend basis at the open of trading on Tuesday, August 30, 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 August 31, 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 139 investment properties representing approximately 57.5 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.

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