From TokenPost · · 40s
Granite REIT's Q3 Revenue Hits C$166.6M
Granite REIT boosts Q3 revenue to C$166.6 million with higher net income and distribution target increase.
In brief
Granite REIT boosts Q3 revenue to C$166.6 million with higher net income and distribution target increase. Granite REIT's third-quarter revenue rose to C$166.6 million, net income increased, and it raised its annualized distribution target by 4.23%. Originally reported by TokenPost.
Q3 Revenue and Net Income
Granite REIT's third-quarter revenue rose to C$166.6 million from C$153 million a year earlier.
Distribution Target Increase
The trust raised its targeted annualized distribution by 4.23% to C$3.70 per unit for the December 2026 distribution.
Property Acquisitions and Outlook
Granite completed C$270.5 million in property acquisitions by Nov. 4, narrowing its 2026 FFO-per-unit range to C$6.32, C$6.37.
The one thing
Granite REIT's third-quarter revenue rose to C$166.6 million, net income increased, and it raised its annualized distribution target by 4.23%.
