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Granite REIT affirms 4.6% YOY rise in annual distribution forecast

Granite REIT affirmed its target annualized distribution of C$2.72 per stapled unit, a 4.6% increase from the previous annualized distribution of C$2.60 per stapled unit.

The real estate investment trust started in January to pay out a monthly distribution of 22.7 cents per stapled unit, according to an earnings release.