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-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, 2024.
| Occupancy Roll Forward for Q4 2024 | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, 2024 | ||||||
| (in thousands, sq ft, except as noted) | Canada | USA | Austria | Germany | Netherlands | Total |
| Total portfolio size, Oct 1, 2024 | 7,007 | 38,821 | 7,472 | 4,666 | 5,374 | 63,340 |
| Vacancy, Oct 1, 2024 | (166) | (3,351) | — | — | (119) | (3,636) |
| Occupancy, Oct 1, 2024 | 6,841 | 35,470 | 7,472 | 4,666 | 5,255 | 59,704 |
| Occupancy %, Oct 1, 2024 | 97.6% | 91.4% | 100.0% | 100.0% | 97.8% | 94.3% |
| Occupied remeasurement | — | — | — | — | 2 | 2 |
| Expiries | — | (1,034) | — | — | (36) | (1,070) |
| Renewals | — | 1,034 | — | — | 32 | 1,066 |
| New Leases | — | 426 | — | — | 9 | 435 |
| Occupancy, December 31, 2024 | 6,841 | 35,896 | 7,472 | 4,666 | 5,262 | 60,137 |
| Total portfolio size, December 31, 2024 | 7,007 | 38,821 | 7,472 | 4,666 | 5,376 | 63,342 |
| Occupancy %, December 31, 2024 | 97.6% | 92.5% | 100.0% | 100.0% | 97.9% | 94.9% |
| Committed vacancy, February 26, 2025 | — | 57 | — | — | — | 57 |
| Committed occupancy, February 26, 2025 | 6,841 | 35,953 | 7,472 | 4,666 | 5,262 | 60,194 |
| Committed occupancy %, February 26, 2025 | 97.6% | 92.6% | 100.0% | 100.0% | 97.9% | 95.0% |
Granite REIT 2024 51
| Occupancy Roll Forward for Year 2024 | ||||||
|---|---|---|---|---|---|---|
| Year Ended December 31, 2024 | ||||||
| (in thousands, sq ft, except as noted) | Canada | USA | Austria | Germany | Netherlands | Total |
| Total portfolio size, Jan 1, 2024 | 6,546 | 38,821 | 7,472 | 4,666 | 5,367 | 62,872 |
| Vacancy, Jan 1, 2024 | (75) | (3,046) | — | — | (52) | (3,173) |
| Occupancy, Jan 1, 2024 | 6,471 | 35,775 | 7,472 | 4,666 | 5,315 | 59,699 |
| Occupancy %, Jan 1, 2024 | 98.9% | 92.2% | 100.0% | 100.0% | 99.0% | 95.0% |
| Completed developments | 410 | — | — | — | — | 410 |
| Completed expansions | 49 | — | — | — | 52 | 101 |
| Remeasurement | — | — | — | — | (3) | (3) |
| Development vacancy | (20) | — | — | — | — | (20) |
| Expiries | (568) | (3,476) | (5,349) | (308) | (317) | (10,018) |
| Surrenders and early terminations | — | (706) | — | — | — | (706) |
| Renewals | 499 | 2,776 | 5,349 | 308 | 199 | 9,131 |
| New Leases | — | 1,527 | — | — | 16 | 1,543 |
| Occupancy, December 31, 2024 | 6,841 | 35,896 | 7,472 | 4,666 | 5,262 | 60,137 |
| GLA remeasurement | 2 | — | — | — | (40) | (38) |
| Total portfolio size, December 31, 2024 | 7,007 | 38,821 | 7,472 | 4,666 | 5,376 | 63,342 |
| Occupancy %, December 31, 2024 | 97.6% | 92.5% | 100.0% | 100.0% | 97.9% | 94.9% |
| Committed vacancy, February 26, 2025 | — | 57 | — | — | — | 57 |
| Committed occupancy, February 26, 2025 | 6,841 | 35,953 | 7,472 | 4,666 | 5,262 | 60,194 |
| Committed occupancy %, February 26, 2025 | 97.6% | 92.6% | 100.0% | 100.0% | 97.9% | 95.0% |
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