Granite Announces 2017 Fourth Quarter and Year End Results
Summary
These decreases were partially offset by the revenue associated with the acquisition of three properties and the purchase of building expansions in the United States noted above as well as contractual rent increases.A more detailed discussion of Granites combined financial results for the three month periods and years ended December 31, 2017 and 2016 is contained in Granites Managements Discussion and Analysis of Results of Operations and Financial Position and the audited combined financial statements for the year ended December 31, 2017 and the notes thereto, which are available through the internet on the Canadian Securities Administrators System for Electronic Document Analysis and Retrieval ("SEDAR") and can be accessed at www.sedar.com and on the United States Securities and Exchange Commissions (the "SEC") Electronic Data Gathering, Analysis and Retrieval System ("EDGAR") which can be accessed at www.sec.gov .Words such as "outlook", "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "seek" and similar expressions are used to identify forward-looking statements and forward-looking information.Important factors that could cause such differences include, but are not limited to, the risk of changes to tax or other laws and treaties that may adversely affect Granite Real Estate Investment Trusts mutual fund trust status under the Income Tax Act (Canada) or the effective tax rate in other jurisdictions in which Granite operates; economic, market and competitive conditions and other risks that may adversely affect Granites ability to expand and diversify its real estate portfolio and dispose of any non-core assets on satisfactory terms; and the risks set forth in the "Risk Factors" section in Granites Annual Information Form for 2017 dated March 1, 2018, filed on SEDAR at www.sedar.com and attached as Exhibit 1 to the Trusts Annual Report on Form 40-F for the year ended December 31, 2017 filed with the SEC and available online on EDGAR at www.sec.gov , all of which investors are strongly advised to review.Granite considers FFO to be a meaningful supplemental measure that can be used to determine the Trusts ability to service debt, fund capital expenditures and provide distributions to stapled unitholders.