Granite Real Estate (TSE:GRT.UN) has released an update.
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Granite Real Estate Investment Trust reported a robust financial performance for the fourth quarter and the full year of 2023, with a significant increase in net operating income and funds from operations. The company experienced a 4.7% rise in same property net operating income and also welcomed a new member, Mr. Robert D. Brouwer, to its Board of Trustees. This positive trend was partially attributed to successful developments and expansions, rent adjustments, and a favorable foreign exchange impact.
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