Granite Real Estate Investment Trust : REIT Declares Distribution for April 2021

Beth McCandry

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its Board of Trustees has announced a dividend of $ 0.250 per stapled unit for the month of April 2021. The distribution will be paid on May 14, 2021 by Granite to pinned shareholders at the close of trading on April 30, 2021. The stapled shares will be traded on Thursday, April 29, 2021 when trading opens on the Toronto Stock Exchange and the New York Stock Exchange.

Granite certifies that no portion of the distribution is effectively related income for US federal tax purposes. After April 30, 2021, the Depository Trust & Clearing Corporation will receive a qualified notification in accordance with Section 1.1446-4 of the U.S. Treasury, detailing the sources of the distribution after April 30, 2021.

ABOUT GRANITE

Granite is a Canada-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 115 investment properties with approximately 50.4 million square feet of rental space.

OTHER INFORMATION

Copies of financial data and other publicly filed documents relating to Granite are available on the Internet on the Canadian Securities Administrators’ System for Analysis and Electronic Document Retrieval (SEDAR) at www.sedar.com and at the Securities and Exchange Commission (SEDAR) Exchange) The Commission’s Electronic Data Collection, Analysis and Retrieval System (EDGAR), which can be accessed 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, Manager, Legal & Investor Services, at 647-925-7504.