Granite REIT declares distribution for August 2021

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TORONTO – (COMMERCIAL THREAD) – 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 $ 0.250 per Stapled Unit for the month of August 2021. The distribution will be paid by Granite on September 15, 2021 to Stapled Unitholders of record at the Closing markets on Tuesday, August 31, 2021. The Stapled Units will begin trading on an ex-dividend basis when trading opens Monday, August 30, 2021 on the Toronto Stock Exchange and the New York Stock Exchange.

Granite confirms that no part of the distribution constitutes actual related income for US federal tax purposes. A qualified notice providing the breakdown of distribution sources will be issued to the Depository Trust & Clearing Corporation after the registration date of August 31, 2021, in accordance with Section 1.1446-4 of the United States Treasury Regulations.

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 118 investment properties representing approximately 51.3 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other public documents relating to Granite are available on the Internet on the Canadian Securities Administrators’ Electronic Data Analysis and Research System (SEDAR), accessible at www.sedar.com and the United States Securities and Exchange Commission Electronic Data Collection, Analysis, and Retrieval (EDGAR) System, available 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 and Investor Services, at 647-925-7504.


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