GRANITE REAL ESTATE INVESTMENT TRUST
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Feb 28, 2024
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GRTUF$69.12-1.3%Stored close · as of Jul 8, 2026
Contents
EX-3 · Occupancy Roll Forward
Occupancy Roll Forward
The tables below provide a summary of occupancy changes during the three months and year ended December 31, 2023.
| Occupancy Roll Forward for Q4 2023 | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, 2023 | ||||||
| (in thousands, sq ft, except as noted) | Canada | USA | Austria | Germany | Netherlands | Total |
| Total portfolio size, Oct 1, 2023 | 6,546 | 38,821 | 7,472 | 4,666 | 5,367 | 62,872 |
| Vacancy, Oct 1, 2023 | (75) | (2,590) | — | — | (72) | (2,737) |
| Occupancy, Oct 1, 2023 | 6,471 | 36,231 | 7,472 | 4,666 | 5,295 | 60,135 |
| Occupancy %, Oct 1, 2023 | 98.9% | 93.3% | 100.0% | 100.0% | 98.7% | 95.6% |
| Expiries | (264) | (2,303) | — | (1,136) | (387) | (4,090) |
| Surrenders and early terminations | — | (148) | — | — | (1) | (149) |
| Renewals | 264 | 1,995 | — | 1,136 | 385 | 3,780 |
| New Leases | — | — | — | — | 23 | 23 |
| Occupancy, December 31, 2023 | 6,471 | 35,775 | 7,472 | 4,666 | 5,315 | 59,699 |
| Total portfolio size, December 31, 2023 | 6,546 | 38,821 | 7,472 | 4,666 | 5,367 | 62,872 |
| Occupancy %, December 31, 2023 | 98.9% | 92.2% | 100.0% | 100.0% | 99.0% | 95.0% |
| Occupancy Roll Forward for Year 2023 | ||||||
|---|---|---|---|---|---|---|
| Year Ended December 31, 2023 | ||||||
| (in thousands, sq ft, except as noted) | Canada | USA | Austria | Germany | Netherlands | Total |
| Total portfolio size, Jan 1, 2023 | 6,544 | 35,400 | 7,472 | 4,640 | 5,367 | 59,423 |
| Vacancy, Jan 1, 2023 | (73) | (90) | — | — | (48) | (211) |
| Occupancy, Jan 1, 2023 | 6,471 | 35,310 | 7,472 | 4,640 | 5,319 | 59,212 |
| Occupancy %, Jan 1, 2023 | 98.9% | 99.7% | 100.0% | 100.0% | 99.1% | 99.6% |
| Acquired occupancy, net | — | 1,005 | — | — | — | 1,005 |
| Acquired vacancy, net | — | (1,005) | — | — | — | (1,005) |
| Completed developments | — | 2,087 | — | — | — | 2,087 |
| Completed expansions | — | 329 | — | — | — | 329 |
| Remeasurement | 2 | — | — | 26 | — | 28 |
| Development vacancy | — | (478) | — | — | — | (478) |
| Expiries | (382) | (6,441) | (125) | (2,334) | (569) | (9,851) |
| Surrenders and early terminations | — | (148) | — | — | (5) | (153) |
| Renewals | 380 | 5,072 | 125 | 2,334 | 532 | 8,443 |
| New Leases | — | 44 | — | — | 38 | 82 |
| Occupancy, December 31, 2023 | 6,471 | 35,775 | 7,472 | 4,666 | 5,315 | 59,699 |
| Total portfolio size, December 31, 2023 | 6,546 | 38,821 | 7,472 | 4,666 | 5,367 | 62,872 |
| Occupancy %, December 31, 2023 | 98.9% | 92.2% | 100.0% | 100.0% | 99.0% | 95.0% |
50 Granite REIT 2023
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