ISS supports its recommendation with flawed analysis and unquestioned acceptance of the dissidents’ views, and deviates from its own policies while disregarding the opinions and analysis of recognized industry experts Effecting change to the Board’s leadership in the reckless manner recommended by ISS will likely result in Board dysfunctionality that will put Granite’s strategic plan… [Read More]

Highlights Granite’s strong performance and prospects Warns unitholders of dissidents’ short-term strategy, poor track records in the real estate sector and history of related party transactions Reminds unitholders to vote only the WHITE proxy FOR Granite’s nominees, well in advance of the proxy voting deadline of 10:00 a.m. (Toronto time) on Tuesday, June 13, 2017… [Read More]

Issues letter to unitholders outlining rare actionable opportunity and 5-step action plan Highlights significant governance concerns with Brydon Cruise, Peter Dey & Wes Voorheis TORONTO, May 26, 2017 /CNW/ – FrontFour Capital Group LLC (“FrontFour”) and Sandpiper Group (“Sandpiper”), owners of approximately 6.2% of the outstanding stapled units of Granite Real Estate Investment Trust (“Granite“) (GRT.UN:TSX,… [Read More]

TORONTO, May 17, 2017 /CNW/ – 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$0.217 per stapled unit.  The distribution will be paid by Granite on June 15, 2017 to stapled unitholders of record at the… [Read More]

Further refreshes Board with two new highly qualified and experienced nominees for election to Granite’s Board, Remco Daal and Kelly Marshall Issues letter to unitholders highlighting its successful track record, enhanced growth prospects and risks posed by dissident unitholders TORONTO, May 16, 2017 /CNW/ – Granite Real Estate Investment Trust and Granite REIT Inc. (TSX:… [Read More]

Significant unsolicited unitholder support for change Analyst community renews focus on underlying value, materially move price targets higher Clear actionable path to a $60+ unit price with proper capital allocation and G&A cost reduction TORONTO, May 15, 2017 /CNW/ – FrontFour Capital Group LLC (FrontFour”) and Sandpiper Group (“Sandpiper”), owners of approximately 6.2% of the outstanding… [Read More]

TORONTO, May 11, 2017 /CNW/ – 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,… [Read More]

TORONTO, May 9, 2017 /CNW/ – Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (“Granite” or the “Trust”) today announced their combined results for the three month period ended March 31, 2017. HIGHLIGHTS Highlights for the three month period ended March 31, 2017 are set out below: Rental revenue and tenant recoveries was $55.2 million in… [Read More]

TORONTO, April 17, 2017 /CNW/ – 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$0.217 per stapled unit.  The distribution will be paid by Granite on May 15, 2017 to stapled unitholders of record at the… [Read More]

TORONTO, April 5, 2017 /CNW/ – Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the first quarter ended March 31, 2017 after the close of markets on Tuesday, May 9, 2017.  Granite will hold a conference call on Wednesday, May 10, 2017 at 8:30 a.m. Eastern… [Read More]

TORONTO, March 17, 2017 /CNW/ – 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$0.217 per stapled unit.  The distribution will be paid by Granite on April 17, 2017 to stapled unitholders of record at the… [Read More]

TORONTO, March 1, 2017 /CNW/ – Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (“Granite” or the “Trust”) today announced their combined results for the three month period and year ended December 31, 2016. HIGHLIGHTS Highlights for the three month period and year ended December 31, 2016, including events subsequent to the quarter, are… [Read More]