GRANITE REIT DECLARES JULY 2018 DISTRIBUTION
July 17, 2018, Toronto, Ontario, Canada – Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution on Granite’s stapled units of CDN$0.227 per stapled unit. The distribution will be paid by Granite on August 15, 2018 to stapled unitholders of record at the close of trading on July 31, 2018. The stapled units will begin trading on an ex-dividend basis at the opening of trading on Monday, July 30, 2018 on the Toronto Stock Exchange and on the New York Stock Exchange.
As it relates to certain unitholders, Granite confirms that no portion of the above distribution constitutes effectively connected income. A qualified notice providing the breakdown of the
sources of the above distribution will be issued to the Depository Trust & Clearing Corporation (DTCC) subsequent to the record date of July 31, 2018, pursuant to United States Treasury
Regulation Section 1.1446-4.
ABOUT GRANITE
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of predominantly industrial, warehouse and logistics properties in North America
and Europe. Granite owns 90 rental income properties representing approximately 34 million square feet of leasable area. Through the thoughtful deployment of its balance sheet and
selective dispositions, Granite is continuing to build a high quality, globally diversified industrial real estate business.
OTHER INFORMATION
Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ Systems for Electronic Document
Analysis and Retrieval (SEDAR) which can be accessed at www.sedar.com and on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and
Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Michael Forsayeth, Chief Executive
Officer, at 647-925-7600 or Ilias Konstantopoulos, Chief Financial Officer, at 647-925-7540.