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Granite REIT Announces 2026 First Quarter Results
Granite Real Estate Investment Trust (TSX: GRT.UN) ("Granite" or the "Trust") announced today i...
About this update from Granite Real Estate Investment Trust
[{"type":"text","content":"Granite REIT Announces 2026 First Quarter Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdisc { list-style-type: disc }\n.bwnowrap { white-space: nowrap }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth13 { width: 13% }\n.bwwidth20 { width: 20% }\n.bwwidth51 { width: 51% }\n.bwwidth6 { width: 6% }\n.bwwidth66 { width: 66% }\n.bwwidth70 { width: 70% }\n.bwwidth71 { width: 71% }\n.bwwidth8 { width: 8% }\n.bwwidth84 { width: 84% }\n \n\n\n\n\n Granite Real Estate Investment Trust (TSX: GRT.UN)\n \n (\"Granite\" or the \"Trust\") announced today its condensed consolidated results for the three month period ended March 31, 2026.\n \n\n\n FIRST QUARTER 2026 HIGHLIGHTS\n \n\n\n Highlights for the three month period ended March 31, 2026 are set out below:\n \n\n\n Financial:\n \n\n\n\n Granite's net operating income (\"NOI\") was $134.2 million in the first quarter of 2026 compared to $125.7 million in the prior year period, an increase of $8.5 million primarily as a result of new and renewal leasing activity mostly in Canada and the United States, contractual rent adjustments and consumer price index based increases across the portfolio, and the acquisitions of eight income-producing properties in the United States and the United Kingdom beginning in the second quarter of 2025, partially offset by the dispositions of five income-producing properties beginning in the fourth quarter of 2025;\n \n\n Constant currency same property NOI - cash basis\n \n (4)\n \n increased by 8.3% for the first quarter of...