Granite REIT Declares May 2018 Distribution 

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution on Granite’s stapled units of CDN$0.227 per stapled unit.  The distribution will be paid by Granite on June 15, 2018to stapled unitholders of record at the close of trading on May 31, 2018.  The stapled units will begin trading on an ex-dividend basis at the opening of trading on Wednesday, May 30, 2018 on the Toronto Stock Exchange and on the New York Stock Exchange.

As it relates to certain unitholders, Granite confirms that no portion of the above distribution constitutes effectively connected income.  A qualified notice providing the breakdown of the sources of the above distribution will be issued to the Depository Trust & Clearing Corporation (DTCC) subsequent to the record date of May 31, 2018, pursuant to United States Treasury Regulation Section 1.1446-4.

SOURCE Granite Real Estate Investment Trust

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