Ms. Teresa Neto reports

GRANITE REIT DECLARES DISTRIBUTION FOR JULY 2026

Granite Real Estate Investment Trust's board of trustees has declared a distribution of 29.58 cents per unit for the month of July, 2026. The distribution will be paid by Granite on Aug. 14, 2026, to unitholders of record at the close of trading on July 31, 2026.

Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes. A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corp. subsequent to the record date of July 31, 2026, pursuant to United States Treasury Regulation Section 1.1446-4.

About Granite Real Estate Investment Trust

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 145 investment properties representing approximately 61.5 million square feet of leasable area.