Granite Real Estate Investment Trust Announces Its Intention to Voluntarily Delist From the NYSE and Deregister From Its SEC Reporting Obligations

Core Viewpoint - Granite Real Estate Investment Trust intends to voluntarily delist its trust units from the New York Stock Exchange (NYSE) and deregister from its reporting obligations under the United States Securities Exchange Act of 1934, while maintaining its listing on the Toronto Stock Exchange (TSX) [1][2][3]. Group 1 - The decision to delist from the NYSE is driven by consistently low trading volumes, with the NYSE accounting for less than 1% of Granite's global average daily trading volume [2][3]. - The company aims to reduce operating costs, achieve administrative efficiencies, and simplify its structure by maintaining only the TSX listing [2][3]. - Granite plans to file a Form 25 with the SEC on or about December 22, 2025, with the delisting expected to be effective around January 1, 2026 [3]. Group 2 - Following the delisting, Granite will continue to meet its SEC reporting obligations until it can terminate the registration of its units under SEC rules [3]. - The company has applied for its units to be quoted on the OTCQX platform, with trading expected to begin on or about December 23, 2025 [4]. - Unitholders will not need to exchange their unit certificates or take any action regarding the OTC Markets quotation [4]. Group 3 - Granite is a Canadian-based Real Estate Investment Trust (REIT) focused on the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties in North America and Europe, owning 140 investment properties with approximately 60.9 million square feet of leasable area [6].