GRANITE REAL ESTATE INVESTMENT TRUST
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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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.
FY2024 · Filed Feb 26, 2025
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GRTUF$69.12-1.3%Stored close · as of Jul 8, 2026
Contents
EX-1 · Development Projects
Development Projects
As at December 31, 2024, the attributes of Granite’s development properties were as follows:
| Development and Expansion Projects | ||||||||
|---|---|---|---|---|---|---|---|---|
| Land acreage (in acres) | Expected sq ft of construction(in millions) | Start date of construction | Target completion date | Actual construction costs as at December 31, 2024 | Expected total construction cost(1) | Cost of land | Total Expected Cost | |
| Development Properties | ||||||||
| 12 Wright St., Brantford, ON | 33.9 | 0.7 | Q2 2023 | TBD | 4.6 | 5.9 | 26.1 | 32.0 |
| Houston, TX (Phase III) | 101.5 | 1.3 | Q3 2023 | TBD | 1.1 | 6.6 | 17.7 | 24.3 |
| 135.4 | 2.0 | $5.7 | $12.5 | $43.8 | $56.3 | |||
(1) Construction cost excludes cost of land.
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