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Granite REIT Announces the Renewal of Its At-The-Market Equity Program
Granite Real Estate Investment Trust (TSX: GRT.UN) (“Granite” or the “Trus...
About this update from Granite Real Estate Investment Trust
[{"type":"text","content":"Granite REIT Announces the Renewal of Its At-The-Market Equity Program\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n Granite Real Estate Investment Trust (TSX: GRT.UN)\n \n (“Granite” or the “Trust”) announced today the renewal of its $250 million at-the-market equity distribution program (the “ATM Program”).\n \n\n On February 25, 2026, Granite is filing a prospectus supplement (the “Prospectus Supplement”) to the Trust’s base shelf prospectus dated November 27, 2024 to renew its ATM Program in each of the provinces and territories of Canada, that allows it to issue and sell, at its discretion, up to $250.0 million of units to the public, from time to time. Units sold under the ATM Program will be sold at the prevailing market prices at the time of sale when issued, directly through the facilities of the Toronto Stock Exchange (“TSX”) or any other recognized marketplace upon which the units are listed or quoted or where the units are traded in Canada. Distributions of units by Granite under the ATM Program, if any, will be made in accordance with the terms of the equity distribution agreement dated February 25, 2026 (the “Distribution Agreement”) among Granite, BMO Capital Markets, Scotiabank and TD Securities Inc. (collectively, the “Agents”). The ATM Program will be effective until December 24, 2026, unless terminated prior to such date by the Trust or otherwise in accordance with the terms of the Distribution Agreement. Sales of units, if any, will be made through “at-the-market distributions” as defined in National Instrument 44-102 – Shelf Distributions. Granite intends to use the net proceeds from the ATM Program, if any, to fund potential future acquisitions, development activity, to repay draws on Granite’s credit facility and for general trust purposes. The TSX has conditionally approved the listing of the units that may be sold under the ATM Program, if any.\n \n\n The Prospectus Supplement contains important detailed information about the units being offered and should be reviewed before any investment decision is made. The Prospectus Supplement, along with the Trust’s base shelf prospectus and Distribution Agreement, are available on SEDAR+ at\...