TORONTO–(BUSINESS WIRE)–Granite Real Estate Investment Trust (TSX: GRT.UN) (“Granite”) announced today the recent acquisition of five income-producing properties in the United States comprising approximately 1.2 million square feet at a combined purchase price of approximately $256.1 million (US$185.7 million). The properties were acquired at an in-going weighted average yield of approximately 4.7% and are expected to stabilize at an approximate 6.0% yield within two years. In addition, Granite has acquired an income-producing property on a 15-acre parcel of land in the United Kingdom for the planned future development of a 0.3 million square foot state-of-the-art e-commerce and logistics warehouse.

On December 19, 2025, Granite completed the disposition of three income-producing properties in the United States, comprising 1.7 million square feet, for total proceeds of $189.5 million (US$137.5 million). The properties were identified as part of Granite’s strategic disposition program and were sold at a weighted average in-going yield of 6.1%. As at September 30, 2025, the sold assets were classified as assets held for sale.

Granite also announced today that during the fourth quarter of 2025, Granite entered into new leases for approximately 769,000 square feet of previously vacant space.

Kevan Gorrie, Granite’s President and CEO, commented that, “The transactions announced today reflect a successful execution and rebalancing of the portfolio, including our reentry into the United Kingdom, which we expect in the near term, to generate accretive income and net asset value growth for our unitholders. In addition, recent leasing momentum and an in-place occupancy rate of 98% further underscores the strength and quality of Granite’s portfolio and our ability to provide the best-in-class locations and functionality that cater to tenants’ current requirements.”

201 NW 22nd Avenue, Fort Lauderdale, Florida

On December 17, 2025, Granite acquired a modern distribution facility, comprising 0.2 million square feet in Fort Lauderdale, Florida for $88.5 million (US$64.1 million). The property was constructed in 2018 and is fully leased to an e-commerce 3PL with 1.0 year of term remaining. Acquired at an in-going yield of 3.4%, the property offers a significant mark-to-market opportunity which is expected to stabilize at approximately 6.0%. This last mile facility is strategically located with immediate access to the I-95 and is only 1.5 miles from downtown Fort Lauderdale and Fort Lauderdale International Airport.

7865-7909 Northcourt Road, Houston, Texas

On December 17, 2025, Granite acquired four distribution facilities, comprising 1.0 million square feet in Houston, Texas for $167.6 million (US$121.5 million). The properties are 98% leased to a diverse tenant mix with a weighted average lease term of 3.3 years and were acquired at an in-going yield of 5.4%. Located just north of Highway 290 and inside Beltway 8, the properties benefit from the Northwest submarket’s historically strong demand, low vacancy and near-term mark-to-market income growth potential.

Brackmills Industrial Estate, Salthouse Road, Northampton, United Kingdom

On December 1, 2025, Granite acquired a distribution facility, comprising 0.2 million square feet in Northampton, United Kingdom for $36.2 million (£19.6 million). The property is fully leased to a global logistics company with a remaining term of 2.0 years and was acquired at an in-going yield of 8.4%. Upon expiry, the 15-acre site is planned to be redeveloped into a 0.3 million square foot modern distribution facility and is expected to achieve a yield on cost in excess of 7.0%. The property is located in close proximity to the M1 motorway and is within one of the United Kingdom’s premier regional distribution areas, known as the Golden Triangle.

The six properties were acquired using a combination of net proceeds from Granite’s recent dispositions, borrowings on Granite’s credit facility and cash on hand. Granite’s current liquidity, following the acquisitions and dispositions is approximately $0.9 billion. Granite expects to reduce the current credit facility balance with future asset dispositions and operating cash flow throughout 2026.

Leasing update

In the fourth quarter of 2025, Granite executed approximately 769,000 square feet of new leases consisting of the following:

A new lease for the full building commenced on December 5, 2025 at Granite’s previously vacant approximate 712,800 square foot development property located in Avon, Indiana for a 188 month term with a leading global material handling company.

A lease expansion of approximately 56,000 square feet of previously vacant space commenced on December 31, 2025 at Granite’s approximate 122,500 square foot property in Lebanon, Tennessee for a 91 month term with a national packaging company.

ABOUT GRANITE

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 147 investment properties representing approximately 62.6 million square feet of leasable area.

OTHER INFORMATION

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Senior Director, Legal & Investor Services, at 647-925-7504.

FORWARD LOOKING INFORMATION

This press release may contain statements that, to the extent they are not recitations of historical fact, constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding Granite’s expectations with respect to the mark to market income growth and the expected stabilized yield of the properties, the development of the property in the United Kingdom and the expected development yield of the project, Granite’s ability to reduce its credit facility balance, dispose of assets or generate operating cash flow and Granite’s plans, goals, strategies, intentions, beliefs, estimates, costs, objectives, economic performance, expectations, or foresight or the assumptions underlying any of the foregoing. Words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “seek”, “objective” and similar expressions are used to identify forward-looking information. Forward-looking information should not be read as guarantees of events, performance or results and will not necessarily be accurate indications of whether or the times at or by which such events, performance or results will be achieved. Undue reliance should not be placed on such statements. Forward-looking information are based on information available at the time and/or management’s good faith assumptions and analyses made in light of its perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances, and are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Granite’s control, that could cause actual events or results to differ materially from such forward-looking information. Important factors that could cause such differences include, but are not limited to, the mark to market income growth and the expected stabilized yield for the properties., the development of the property in the United Kingdom and the expected development yield of the project, Granite’s ability to reduce its credit facility balance, dispose of assets or generate operating cash flow and the risks set forth in the annual information form of Granite Real Estate Investment Trust dated February 26, 2025 (the “Annual Information Form”) and management’s discussion and analysis of results of operations and financial position for the three months ended September 30, 2025 (the “Q3 MD&A). The “Risk Factors” section of the Annual Information Form and the Q3 MD&A also contain information about the material factors or assumptions underlying such forward-looking statements and forward-looking information. Forward-looking information speak only as of the date the statements and information were made and unless otherwise required by applicable securities laws, Granite expressly disclaims any intention and undertakes no obligation to update or revise any forward-looking information contained in this press release to reflect subsequent information, events or circumstances or otherwise.

Contacts

Teresa Neto, Chief Financial Officer

647-925-7560

or

Andrea Sanelli, Senior Director, Legal & Investor Services

647-925-7504

CLEVELAND, Ohio–(BUSINESS WIRE)–Euclid Chemical, a leading manufacturer of specialty chemical products for the concrete and masonry construction industry, will have a strong presence at two of North America’s premier concrete industry events in early 2026: World of Concrete (WOC) in Las Vegas and the Canadian Concrete Expo (CCE) in Toronto.

Through exhibit participation, educational programming and industry sponsorships at these events, Euclid Chemical will continue its long-standing commitment to advancing concrete performance, durability and innovation across the construction lifecycle.

World of Concrete 2026

Euclid Chemical will exhibit at World of Concrete, taking place January 19–22, 2026, at the Las Vegas Convention Center. Attendees can visit the company at booth #S10605 to connect with industry experts and learn about proven admixture technologies, repair solutions, flooring systems and decorative concrete products designed to meet demanding project conditions.

As part of its involvement at WOC, Euclid Chemical is sponsoring the Quality in Concrete Slabs Luncheon & Forum, held on Wednesday, January 21, from 11:30 a.m. to 1:30 p.m. Hosted in collaboration with WOC360 and the American Society of Concrete Contractors, this popular forum brings together industry leaders to discuss best practices for delivering high-quality concrete slabs, with a focus on performance, constructability and long-term durability.

In addition, Euclid Chemical will also be supporting several high-profile decorative and educational experiences on the show floor, including:

• Decorative Concrete LIVE! – Euclid Chemical is a sponsor of this long-running outdoor demo arena, located in the Silver Lot across from South Hall. Running January 20–22, it showcases innovative residential and commercial concrete finishes, with more than 70 industry artisans demonstrating materials, construction techniques and best practices. The event highlights concrete’s versatility as both a structural and architectural material while offering contractors fresh perspectives on emerging trends.

• Epoxy LIVE! – Euclid Chemical is participating in this immersive, on-floor experience located in South Hall, booth #S13627, during show hours. This event highlights the design possibilities and performance capabilities of resinous flooring systems, including metallic epoxy, simulated terrazzo, broadcast quartz and flake systems. As part of the program, Euclid Chemical is supporting the national Student Design Competition, where student teams collaborate with industry manufacturers to develop creative, real-world flooring concepts that are brought to life on the show floor by professional applicators.

Continuing its support of industry education, Euclid Chemical will again donate a concrete sealer package to the Concrete Industry Management (CIM) Auction at World of Concrete. Proceeds from the annual silent and live auction benefit the CIM program, which offers a four-year bachelor’s degree in concrete industry management and supports multiple universities, scholarships and workforce development initiatives nationwide.

Canadian Concrete Expo 2026

Euclid Chemical will serve as a title sponsor of the Canadian Concrete Expo, held February 11–12, 2026, at The International Centre in Toronto. The company will exhibit at booth #2-539, reinforcing its continued investment in the Canadian concrete market.

A key highlight of Euclid Chemical’s presence at CCE will be two technical presentations delivered by Michael Mahoney, industry expert and Euclid Chemical representative. On Wednesday, February 11, at 1:45 p.m., Mahoney will present Emerging Concrete Admixture Technologies, exploring new fiber-reinforced concrete applications, sustainability considerations, evolving engineering standards and field performance challenges. On Thursday, February 12, at 10:45 a.m., he will present History, Design Tools & Successful Applications of FRC, offering an in-depth look at past, present and future advancements in concrete additives, including design methodologies, testing protocols and real-world performance outcomes.

Media and industry professionals can explore Euclid Chemical’s press kit for additional information on company initiatives, technical resources and upcoming industry events.

About Euclid Chemical

Headquartered in Cleveland, Ohio, Euclid Chemical has served the global building market for more than a century as a leading manufacturer and supplier of specialty products and technical support services for the concrete and masonry construction industry. Its expansive product line includes admixtures, fiber reinforcement, concrete repair products, flooring materials, decorative concrete systems and more. Learn more at www.euclidchemical.com.

Contacts

Media Contact:
Victoria Pishkula-Domozick

vpishkula@roopco.com
216-902-3800

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it will be releasing its fourth quarter and year end 2025 financial results before market hours on Wednesday, February 11, 2026. Senior management will host a live conference call at 9:00 am ET on Wednesday, February 11, 2026, to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (289) 514-5100 or 1 (800) 717-1738. Additionally, the conference call will be available via simultaneous audio found at https://onlinexperiences.com/Launch/QReg/ShowUUID=C6637850-5D57-4506-8B6C-2E106F0EDFE4&LangLocaleID=1033. A replay will be accessible until February 25, 2026, via the REIT’s website or by dialing (289) 819-1325 or 1 (888) 660-6264 (access code 60811#) approximately two hours after the live event.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners across the real assets space. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com