# EDGAR Filing Document

**Accession Number:** 0001564538
**File Stem:** 0001193125-26-002170
**Filing Date:** 2026-1
**Character Count:** 16952
**Document Hash:** 53e6322911590e8fbdef3b0c66dfda30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-002170.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0001193125-26-002170

**CONFORMED SUBMISSION TYPE**: 15F-12B

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**EFFECTIVENESS DATE**: 20260105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GRANITE REAL ESTATE INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0001564538
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 986068269
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 15F-12B
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35771
- **FILM NUMBER:** 26505295

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 77 KING ST. WEST, SUITE 4010
- **STREET 2:** P.O. BOX 159, TD CENTRE
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5K 1H1
- **BUSINESS PHONE:** 647-925-7500

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 77 KING ST. WEST, SUITE 4010
- **STREET 2:** P.O. BOX 159, TD CENTRE
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5K 1H1

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 15F** 

**CERTIFICATION OF A FOREIGN PRIVATE ISSUER'S TERMINATION OF REGISTRATION OF** 

**A CLASS OF SECURITIES UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF** 

**1934 OR ITS TERMINATION OF THE DUTY TO FILE REPORTS UNDER SECTION 13(a) OR** 

**SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

**Commission File Number: 001-35771** 

## GRANITE REAL ESTATE INVESTMENT TRUST
**(Exact name of registrant as specified in its charter)** 

**77 King Street West, Suite 4010, P.O. Box 159** 

**Toronto-Dominion Centre** 

**Toronto, Ontario** 

**M5K 1H1** 

**Tel No: (647) 925-7500** 

**(Address, including zip code, and telephone number,** 

**including area code, of registrant's principal executive offices)** 

**Units** 

**(Title of each class of securities covered by this Form)** 

Place an X in the appropriate box(es) to indicate the provision(s) relied upon to terminate the duty to file reports under the Securities Exchange Act of 1934:

---

| | |
|:---|:---|
| Rule 12h-6(a) ☒ | Rule 12h-6(d) ☐ |
| (for equity securities) | (for successor registrants) |
| Rule 12h-6(c) ☐ | Rule 12h-6(i) ☐ |
| (for debt securities) | (for prior Form 15 filers) |

---

------

**PART I** 

**Item 1. Exchange Act Reporting History** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Granite Real Estate Investment Trust ("Granite") first incurred the duty to file reports under
Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") on December 31, 2012 when its registration statement on Form 40-F became
effective in connection with the listing of its Stapled Units (each consisting of one unit of Granite and one common share of Granite REIT Inc.) on the New York Stock Exchange. On October 1, 2024 Granite completed a court approved plan of
arrangement to replace Granite's previous Stapled Unit structure with a conventional REIT trust unit structure. On October 3, 2024 the Stapled Units were delisted from the New York Stock Exchange and Granite's Units began trading on
the New York Stock Exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Granite has filed or submitted all reports required under Section 13(a) or Section 15(d) of the
Exchange Act and the corresponding Securities and Exchange Commission ("SEC") rules for the 12 months preceding the filing of this Form 15F, and has filed at least one annual report under Section 13(a) during this period.

**Item 2. Recent United States Market Activity** 

Subject to the exceptions set forth in Instruction 1 to this Item, Granite's securities were last sold in the United States in a registered offering under the Securities Act of 1933, as amended on May 3, 2022.

Granite registered equity securities on a shelf registration statement (the "Registration Statement") on Form F-10 (File no. 333-277217), which Registration Statement became effective on February 21, 2024 and under which securities remained unsold. No securities were sold under the Registration Statement, including during the 12 months preceding the filing of this Form 15F. On October 7, 2024, Granite filed a post-effective amendment to the Registration Statement to terminate the registration of unsold securities under the Registration Statement.

**Item 3. Foreign Listing and Primary Trading Market** 

A. Granite maintains a listing of the Units on the Toronto Stock Exchange ("TSX") in Canada. For the 12-month period beginning on December 1, 2024 and ending November 30, 2025, Canada constituted the primary trading market for the Units.<sup></sup>

B. The Units were initially listed on the TSX on October 3, 2024. Granite has maintained a listing of the
Units on the TSX for at least the 12 months preceding the filing of this Form 15F.

C. During the 12-month period beginning on December 1, 2024 and
ending on November 30, 2025, the average daily trading volume of Units in Canada represented 95.51% of the average daily trading volume of Units on a worldwide basis

**Item 4. Comparative Trading Volume Data** 

Granite's trading volume data used to rely on Rule 12h-6(a)(4)(i) are as follows:

A. The recent 12-month period used to meet the requirements of Rule 12h-6(a)(4)(i) is December 1, 2024 to November 30, 2025.

B. During this 12-month period, the average daily trading volume of the
Units in the United States and on a worldwide basis was 9,445 Units and 210,325 Units, respectively.

C. For the same 12-month period, the average daily trading volume of Units
in the United States represented 4.49% of the average daily trading volume of Units on a worldwide basis.

------

D. Granite voluntary delisted the Units from the New York Stock Exchange, pursuant to Rule 12d2-2(c) under the Exchange Act, and in connection therewith filed a Form 25 with the SEC on December 22, 2025. The delisting became effective 10 days following the filing of the Form 25 on January 1,
2026 and, as of such date, the average daily trading volume of Units in the United States represented 4.47% of the average daily trading volume of Units on a worldwide basis for the preceding 12-month period.

E. Not applicable.

F. Granite used Bloomberg as the source of trading volume information (including for securities exchange and over-the-counter trading in the United States and worldwide) for purposes of determining whether it meets the requirements of Rule 12h-6.

**Item 5. Alternative Record Holder Information** 

Not applicable.

**Item 6. Debt Securities** 

Not applicable.

**Item 7. Notice Requirement** 

A. As required by Rule 12h-6(h), Granite published a notice disclosing its
intent to terminate its duty to file reports under section 13(a) and section 15(d) of the Exchange Act on December 10, 2025.

B. The notice was disseminated in the United States via Business Wire, submitted under cover of a Form 6-K on December 10, 2025 and posted on Granite's website (<u>https://granitereit.com</u>). In addition, the notice is attached as Exhibit 99.1 to this Form 15F.

**Item 8. Prior Form 15 Filers** 

Not applicable.

**PART II** 

**Item 9. Rule 12g3-2(b) Exemption** 

All information required to be published pursuant to Rule 12g3-2(b)(1)(iii) will be available through the SEDAR+ website (www.sedarplus.com).

**PART III** 

**Item 10. Exhibits** 

Attached as Exhibit 99.1 to this Form 15F is a copy of the notice, required by Rule 12h-6(h) (17 CFR 240.12h-6(h)), disclosing Granite's intent to terminate its duty to file reports under Section 13(a) and 15(d) of the Exchange Act.

**Item 11. Undertakings** 

The undersigned issuer hereby undertakes to withdraw this Form 15F if, at any time before the effectiveness of its termination of reporting under Rule 12h-6, it has actual knowledge of information that causes it reasonably to believe that, at the time of filing the Form 15F:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The average daily trading volume of its subject class of securities in the United States exceeded 5 percent of the average daily trading volume of that class of securities on a worldwide basis for the same recent 12-month period that the issuer used for purposes of Rule 12h-6(a)(4)(i);

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Its subject class of securities was held of record by 300 or more United States residents or 300 or more persons worldwide, if proceeding under Rule 12h-6(a)(4)(ii) or Rule 12h-6(c); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) It otherwise did not qualify for termination of its Exchange Act reporting obligations under Rule 12h-6.

**Signature** 

Pursuant to the requirements of the Securities Exchange Act of 1934, Granite Real Estate Investment Trust has duly authorized the undersigned person to sign on its behalf this certification on Form 15F. In so doing, Granite Real Estate Investment Trust certifies that, as represented on this Form, it has complied with all of the conditions set forth in Rule 12h-6 for terminating its registration under Section 12(g) of the Exchange Act, or its duty to file reports under Section 13(a) or Section 15(d) of the Exchange Act, or both.

Dated: January 5, 2026

---

| | | |
|:---|:---|:---|
| **GRANITE REAL ESTATE INVESTMENT TRUST** | **GRANITE REAL ESTATE INVESTMENT TRUST** | **GRANITE REAL ESTATE INVESTMENT TRUST** |
| By: | /s/ Teresa Neto | /s/ Teresa Neto |
|  | Name: | Teresa Neto |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g23062g33a48.jpg)

**GRANITE REAL ESTATE INVESTMENT TRUST ANNOUNCES ITS INTENTION TO** 

**VOLUNTARILY DELIST FROM THE NYSE AND DEREGISTER FROM ITS SEC REPORTING** 

**OBLIGATIONS** 

**December 10, 2025, Toronto, Ontario, Canada –** Granite Real Estate Investment Trust **("Granite"** or the **"Trust") (TSX: GRT.UN / NYSE: GRP.U)** announced today its intention to voluntarily delist its trust units ("**Units**") from the New York Stock Exchange ("**NYSE**") and to thereafter voluntarily deregister from its reporting obligations under the United States Securities Exchange Act of 1934. Granite's listing on the Toronto Stock Exchange ("**TSX**") will be unaffected by the delisting from the NYSE and Granite's Units will continue to trade on the TSX under the trading symbol GRT.UN.

Granite made the decision to delist from the NYSE due to consistent historic low trading volumes, to reduce operating costs, achieve administrative efficiencies and to further simplify Granite's structure by only maintaining its TSX listing. Granite will continue to comply with, and continue to be subject to, Canadian securities laws including the rules of the TSX.

Kevan Gorrie, President and CEO of Granite, commented, "The NYSE accounts for less than 1% of Granite's global average daily trading volume. We believe that the TSX provides Canadian and US unitholders with sufficient liquidity and that the direct and indirect costs of maintaining our NYSE listing outweigh the benefits to our unitholders. Granite remains committed to our strategic outlook, our portfolio in the United States and our long-term strategy. We believe that this decision is in the best interests of the Trust and our unitholders."

Granite delivered notice today to the NYSE that it intends to delist its Units. The Trust intends to file a Form 25 with the Securities and Exchange Commission ("**SEC**") on or about December 22, 2025 to effect the delisting. Granite anticipates that the delisting will be effective 10 days later on or about January 1, 2026. Following the delisting, Granite will continue to meet its SEC reporting obligations until such time as Granite is permitted to terminate the registration of its Units under SEC rules.

Granite has filed an application for its Units to be quoted on the OTCQX platform, operated by OTC Markets Group Inc. and expects trading on the OTCQX platform to begin on or about December 23, 2025. Unitholders will not be required to exchange their unit certificates or take any other action in connection with the OTC Markets quotation.

Unitholders trading on the NYSE should consult their broker or financial advisor to explore the various options available to trade their Units, including through the TSX or the OTCQX platform.

**ABOUT GRANITE** 

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 140 investment properties representing approximately 60.9 million square feet of leasable area.

**OTHER INFORMATION** 

Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval+ (SEDAR+) which can be accessed at www.sedarplus.ca and on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at www.sec.gov. For further information, please see our website at www.granitereit.com or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Senior Director, Legal & Investor Services, at 647-925-7504.

77 King Street West, Suite 4010 P.O. Box 159 Toronto-Dominion Centre Toronto, ON, Canada M5K 1H1 T 647.925.7500 www.granitereit.com

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![LOGO](g23062g33a48.jpg)

**FORWARD-LOOKING INFORMATION** 

This press release may contain statements that, to the extent they are not recitations of historical fact, constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation, including the United States Securities Act of 1933, as amended, the United States Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation. Forward-looking statements and forward-looking information may include, among others, statements regarding Granite's intention to delist from the NYSE and deregister from Granite's SEC reporting obligations, and satisfaction of the applicable requirements to delist and deregister, Granite's ability to obtain listing approval for the Units on the OTCQX, satisfy applicable requirements for the listing or maintain its listing on the OTCQX, realize cost savings from the delisting or the expectations or assumptions underlying any of the foregoing. 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. Forward-looking statements and forward-looking information should not be read as guarantees of future events, performance or results and will not necessarily be accurate indications of whether or the times at or by which such future performance will be achieved. Undue reliance should not be placed on such statements. Forward-looking statements and forward-looking information are based on information available at the time and/or management's good faith assumptions and analyses made in light of Granite's perception of historical trends, current conditions and expected future developments, as well as other factors Granite believes are appropriate in the circumstances. Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Granite's control, that could cause actual events or results to differ materially from such forward-looking statements and forward-looking information. Important factors that could cause such differences include, but are not limited to, the risk of Granite being unable to obtain the required approvals or satisfy the requirements to delist from the NYSE or deregister from its SEC reporting obligations, obtain listing approval for the Units on the OTCQX, satisfy applicable requirements for the listing or maintain its listing on the OTCQX or realize cost savings from the delisting. Forward-looking statements and forward-looking information speak only as of the date the statements and information were made and unless otherwise required by applicable securities laws, Granite expressly disclaims any intention and undertakes no obligation to update or revise any forward-looking statements or forward-looking information contained in this press release to reflect subsequent information, events or circumstances or otherwise.

77 King Street West, Suite 4010 P.O. Box 159 Toronto-Dominion Centre Toronto, ON, Canada M5K 1H1 T 647.925.7500 www.granitereit.com