Granite REIT Notice of Conference Call for Second Quarter 2025 Results
Article content
TORONTO — Granite Real Estate Investment Trust ('Granite') (TSX: GRT.UN / NYSE: GRP.U) expects to announce its financial results for the second quarter ended June 30, 2025 after the close of markets on Wednesday, August 6, 2025.
Article content
Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer.
Article content
Article content
Conference Call:
Article content
To hear a replay of the webcast, please visit https://granitereit.com/events. The replay will be available for 90 days.
Article content
ABOUT GRANITE
Article content
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 144 investment properties representing approximately 63.3 million square feet of leasable area.
Article content
OTHER INFORMATION
Article content
Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca and on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Senior Director, Legal & Investor Services, at 647-925-7504.
Article content
Article content
Article content
Article content
Contacts
Article content
Teresa Neto
Chief Financial Officer
647-925-7560
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
40 minutes ago
- National Post
Don Braid: Smith's warnings about Alberta separatism is really about keeping UCP in power
Separatism is no threat to Alberta, or the federal government, or Canada itself. Article content But it is an enormous threat to Premier Danielle Smith and her United Conservative Party. Article content A provincewide vote of, say five per cent, would bleed support from the UCP and bring the NDP back to power. Article content That threat drives major elements of UCP policy, from removing books in schools to making nine demands for change from Ottawa. Article content Article content The UCP often governs 4.9 million Albertans for the benefit of a faction within the party. Article content Article content At an event with federal Transport Minister Chrystia Freeland on Thursday, Smith said Prime Minister Mark Carney should take separatism seriously. It's the fed's fault, after all. Article content 'If Ottawa wants to work with me to cause that (separatist) sentiment to subside, then we need to materially address the nine bad laws that have created that negative investment climate,' she said. Article content 'If they make the changes that we're requesting, then I suspect they can take the air out of that movement.' Article content Knocking a few points off a tiny separatist party's support is a weak rationale for moving the feds to action. Article content There isn't much of a market in Ottawa, or anywhere else, for the plaintive cries from Alberta the Oppressed. Article content On Friday, the government closed the books on fiscal 2024-25 with an astonishing surplus of $8.2 billion. Article content Originally, the finance department had forecast a surplus of 'only' $355 million (one that every other province would love to have). Article content Article content That surplus grew madly because of lush revenue in major categories, especially oil and gas. Article content Article content In 2023-24, the Alberta surplus was $4.3 billion; the year before that, it hit $11.6 billion. The only other province to book a surplus in 2024-25 was New Brunswick, with $41 million.
Globe and Mail
41 minutes ago
- Globe and Mail
AIMCo interim CEO could earn millions in bonus pay after leadership overhaul
Alberta Investment Management Corp.'s interim chief executive officer could earn a multimillion dollar compensation package after the provincial pension fund manager's senior ranks were overhauled and its former chief investment officer received millions of dollars in severance pay. Ray Gilmour stepped in as interim CEO last November after a career as a senior public servant, following the Alberta government's abrupt purge of AIMCo's board and senior management. Mr. Gilmour was paid $241,869 in less than five months on the job, to March 31, according to AIMCo's annual report released Friday. That included $210,796 in base salary, plus pension contributions and other pay. When prorated for a full fiscal year, Mr. Gilmour could be paid an annual base salary of more than $500,000. Mr. Gilmour is also part of AIMCo's corporate incentive plan, which sets his base target for bonus pay at 355 per cent of his salary, or about $1.78-million, according to a copy of his employment contract obtained by The Globe and Mail under an access to information request. Alberta's purge at AIMCo followed a clash of visions, complaints about leadership However, the agreement says that Mr. Gilmour can earn a maximum of 2.5 times that incentive target, and it has been customary for previous AIMCo CEOs to earn approximately 1.75 times the target payment for good performance. At that level, Mr. Gilmour would earn about $3.1-million in incentive pay, for total compensation of at least $3.6-million. AIMCo's annual report does not list any incentive payments to Mr. Gilmour as of March 31. His base salary is redacted in the documents released to The Globe. 'Our compensation structure is based on market salaries in similar Canadian institutional investment organizations, with executive compensation and associated terms discussed and validated by the Board's independent compensation adviser,' AIMCo spokesperson Sabrina Bhangoo said in an e-mailed statement. Though Mr. Gilmour was appointed as interim CEO, his employment agreement says that AIMCo wishes to employ him 'as Chief Executive Officer,' and does not mention his interim status. AIMCo's annual report shows that the pension fund manager also appears to have paid millions of dollars to former CIO Marlene Puffer as a 'transition agreement payment.' Ms. Puffer left AIMCo in September, roughly six weeks before Alberta's government dismissed other senior leaders. Ms. Puffer was paid $5.91-million in 'other compensation,' which includes the transition payment that would have been agreed to under previous leadership. She also earned more than $250,000 in base salary. 'The separation arrangement disclosed is in keeping with our contractual obligations made by previous leadership. No additional compensation is owing,' AIMCo's statement said. Former CEO Evan Siddall, who was dismissed in November, appears not to have come to terms financially with AIMCo as of March 31. He was paid $1.56-million in total compensation last fiscal year but received no transition arrangement payment during the fiscal year, according to the annual report. In his last full fiscal year as CEO, Mr. Siddall was paid $3.77-million in total compensation, and nearly $4.6-million in total direct compensation, including $585,000 in base salary. The report also says AIMCo paid $957,397 to third parties on behalf of the former CEO, and that $458,312 had not yet been reimbursed as of March 31, 'inclusive of imputed interest.' AIMCo has included that amount in 'accounts receivable.' Stephen Harper, the former prime minister who was appointed chair of AIMCo's board in November, said 'there is more work ahead in our task of restoring confidence and stability in Alberta's investment manager,' in a message in the annual report. 'We are making progress with the new management team on ensuring that sound governance, ambitious objectives, professional operation, and responsible risk management permeate the firm,' Mr. Harper said. In his own message in the annual report, Mr. Gilmour said that in the coming months AIMCo 'will be focused on the continuation of a business transformation program to improve the technology, data and processes that are the foundation of the work we do on behalf of our clients.'
CTV News
43 minutes ago
- CTV News
47,000 cruise ship tourists expected this weekend in Vancouver
The cruise ship Norwegian Sun is seen in Vancouver on Friday, June 27, 2025. (CTV News) Vancouver residents can expect some extra foot traffic in the city this weekend, which is expected to be the busiest of the 2025 cruise season. Roughly 47,000 passengers will be coming through the Canada Place Cruise Ship Terminal this weekend, arriving on 11 ships. Chance McKee, with the Vancouver Fraser Port Authority, says that this will impact the local economy. 'Cruise passengers spend, on average, $450 each on things like local tours, attractions, restaurants, hotels,' McKee says. The Port of Vancouver says that every cruise ship stopping here injects about $3 million into the local economy, and that's not just from the tourists. 'Cruise lines spend an average of $660 million every year locally. That's using local businesses and suppliers to conduct maintenance on their ships, repairs in between trips,' says McKee. This comes at a time when the country is experiencing a decline in visitors. According to Statistics Canada data released earlier this week, the country saw nine per cent fewer American tourists this April than it did last year. The busy cruise weekend also means busy days for the restaurant industry. Chris Di Tomaso, general manager of Tap and Barrel Coal Harbour, says his restaurant sees double the usual volume of diners when cruise ships are in town. The tourists are not only looking to grab a bite, but also looking to take in the Coal Harbour scenery. 'When you have a business that includes a very large waterfront patio, the cruise ships provide a significant amount of energy and a lot of foot traffic,' says Di Tomaso. McKee suggests that locals offer up assistance to tourists who may need help with directions or have questions. 'Offer up a local recommendation, your favourite restaurant or local attraction,' he says. The port expects to see elevated visitor levels every weekend through the end of peak cruise season in late September.
