February 25, 2026 — Leads & Copy —
Granite Real Estate Investment Trust (TSX: GRT.UN) has renewed its $250 million at-the-market equity distribution program. The announcement was made today by the Canadian-based REIT, which is engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe.
Granite is filing a prospectus supplement to its base shelf prospectus dated November 27, 2024, to renew its ATM Program in each of the provinces and territories of Canada. The program allows Granite to issue and sell up to $250 million of units to the public, at its discretion, 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, among Granite, BMO Capital Markets, Scotiabank and TD Securities Inc. 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.
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 www.sedarplus.ca.
Alternatively, the Agents will provide the Prospectus Supplement upon request by contacting: BMO Capital Markets, Scotiabank, or TD Securities Inc.
Granite owns 147 investment properties representing approximately 62.6 million square feet of leasable area.
Source: Granite Real Estate Investment Trust
