Granite's Evolution

PORTFOLIO SEGMENTATION BY GEOGRAPHY1 By Income Producing Property Fair Value By Annualized Revenue $789M $58.9M $32.7M 16% 10% 21% 9% (+)$1,649M $566M 7% $29.0M 8% $774M 10% $7.9B $365M 16% $60.0M $4,090M 52% $184.7M 51% By Square Feet 4.9M 11% 9% 4.3M 8% 55.9M 13% 7.5M 6.4M 59% 32.8M Geographically diversified asset base 1 Excludes assets held for sale and reflects adjustments for subsequent events. Refer to the "Subsequent Events" section in Appendix C on page 25. By Number of Income-Producing Properties 15 12% 27% (+)33 13 11% 122 7% 9 52 43% March 2022 12

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