Granite Real Estate Investment Trust

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TORONTO--(BUSINESS WIRE)--June 06, 2024--
Granite Real Estate Investment Trust ("Granite REIT") and Granite REIT Inc. ("Granite GP") (collectively, "Granite") (TSX: GRT.UN / NYSE: GRP.U) announced today the results of the matters voted on at their joint annual general and special meetings of stapled unitholders held virtually earlier today (the "Meetings"). Each of the individuals nominated for election as a trustee of Granite REIT and a director of Granite GP, as set out Granite's Management Information Circular dated April 10, 2024 (the "Circular"), were elected as set out below. In addition, the proposed arrangement to simplify Granite's current stapled unit structure, as detailed in the Circular, and all other resolutions voted on at the Meetings, were approved by stapled unitholders.

TORONTO--(BUSINESS WIRE)--May 22, 2024--
Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN / NYSE: GRP.U) ("Granite REIT" and "Granite GP", and collectively, "Granite") today announced the acceptance by the Toronto Stock Exchange (the "TSX") of Granite's Notice of Intention to Make a Normal Course Issuer Bid ("NCIB"). Pursuant to the NCIB, Granite proposes to purchase through the facilities of the TSX and any alternative trading system in Canada, from time to time over the next 12 months, if considered advisable, up to an aggregate of 6,273,168 of Granite's issued and outstanding stapled units (the "Stapled Units") (each Stapled Unit consisting of one trust unit of Granite REIT and one common share of Granite GP), being approximately 10% of Granite's public float of Stapled Units as of May 15, 2024. Pursuant to a previous notice of intention to conduct a NCIB, under which Granite sought and received approval from the TSX to purchase up to 6,349,296 Stapled Units for the period of May 24, 2023 to May 23, 2024, Granite has purchased, as of May 15, 2024, 768,300 Stapled Units on the open market at a weighted average purchase price of $69.0523 per Stapled Unit. As of May 15, 2024, Granite had 63,008,797 Stapled Units issued and outstanding and a public float of 62,731,680 Stapled Units.