Granite REIT forecasts 6.0%-6.5% quarterly average SPNOI growth in 2026
Granite REIT expects constant-currency same-property net operating income growth to average 6.0%-6.5% quarterly in 2026. Its portfolio had 97% committed occupancy and a $9.9 billion valuation, and distributions will rise 4.23% in January 2027.
1. 2026 outlook
Granite REIT expects constant-currency same-property net operating income growth to average 6.0%-6.5% quarterly in 2026. Its property portfolio was valued at $9.9 billion and had 97% committed occupancy.
2. Leasing and distributions
Year-to-date renewals covered 70% of space expiring in 2026, with leasing spreads of approximately 22%. Distributions will increase 4.23% effective January 2027.
