Granite REIT Announces 2026 Third Quarter Results, the Closing of $270.5 Million of New Acquisitions and a 4.2% Distribution Increase Commencing in December 2026
Business Wire•04/11/2026•17:00 ET
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Key Highlights
- ➤Q3 FFO $1.60 per unit, up from $1.48 year over year
- ➤Q3 AFFO $1.45 per unit, up from $1.26 year over year
- ➤Granite completed $270.5 million of acquisitions across Houston and the United Kingdom
- ➤Distribution increased 4.23% to $3.70 annually per unit, effective December 2026
- ➤2026 FFO guidance tightened to $6.32-$6.37 per unit; AFFO to $5.50-$5.55
Granite REIT Announces 2026 Third Quarter Results, the Closing of $270.5 Million of New Acquisitions and a 4.2% Distribution Increase Commencing in December 2026
Granite Real Estate Investment Trust (TSX: GRT.UN) ("Granite" or the "Trust") announced today its condensed consolidated results for the three and nine month periods ended September 30, 2026, the closing of $270.5 million of new acquisitions, and a distribution increase of 4.23% effective with the December 2026 distribution.
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