# 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.
- Title: Granite REIT's Q3 Revenue Hits C$166.6M · TokenPost | Shortify
- Summary: Granite REIT boosts Q3 revenue to C$166.6 million with higher net income and distribution target increase.
- Keywords: granite reit, q3 revenue, net income, distribution target, canadian dollars, property acquisitions, toronto stock exchange, unit split, crypto, TokenPost
- Source: TokenPost — https://tokenpost.com/news/business/50196
- Published: 2026-11-06T16:04:12+00:00
- Read time: 1 min
- Topics: granite reit, q3 revenue, net income, distribution target, canadian dollars, property acquisitions, toronto stock exchange, unit split, crypto, finance
## 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.
## Key takeaway

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%.