Business
Granite Announces 2013 Second Quarter Results
TORONTO , Aug. 7, 2013 /CNW/ - Granite Real Estate Investment Trust and Granite REIT Inc....
About this update from Granite Real Estate Investment Trust
[{"type":"text","content":"\n\n\nTORONTO, Aug. 7, 2013 /CNW/ - Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN;\n NYSE: GRP.U) (\"Granite\" or the \"Trust\") today announced their combined results for\n the three and six month periods ended June 30, 2013.\n\n\nGranite's results for the three and six month periods ended June 30,\n 2013 and 2012 are summarized below (all figures are in Canadian\n dollars):\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n(in thousands, except per unit/share figures)\n\n\n      Three months ended \n   June 30,\n\n\n \n\n\n      Six months ended \n                June 30,\n\n\n\n\n \n\n\n \n\n\n2013\n\n\n2012\n\n\n \n\n\n  2013\n\n\n2012\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenues\n\n\n$    49,476\n\n\n$     45,455\n\n\n \n\n\n$     97,600\n\n\n$     91,115\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet income\n\n\n       43,394\n\n\n       41,243\n\n\n \n\n\n      137,788\n\n\n     69,502\n\n\n\n\nFunds from operations (\"FFO\")(1)\n\n\n        31,258\n\n\n       29,111\n\n\n \n\n\n      65,264\n\n\n58,655\n\n\n\n\nComparable FFO(2)\n\n\n        35,478\n\n\n      29,111\n\n\n \n\n\n        69,484\n\n\n       58,655\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPer stapled unit or common share amounts:\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nBasic and diluted net income\n\n\n$         0.93\n\n\n$         0.88\n\n\n \n\n\n$          2.94\n\n\n$      
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