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Real estate industry

Dolmen City REIT XD NC Experiences Notable Growth and Increased Market Activity

Strategic Insights

— 2 min read

Dolmen City REIT XD NC, a prominent player on the Pakistan Stock Exchange, has demonstrated significant financial growth and increased market activity in the current fiscal period. As of October 2, 2024, the company's share price was recorded at Rs. 17.39 with a daily weighted average rate of Rs. 17.33. This growth is underpinned by the company's steady increase in financial distributions over the past three years, rising from 15% in 2022 to 18.10% in 2023 and forecasted to reach 20% in 2024. The trust's operational success is reflected in its robust EPS (Earnings Per Share) for the fiscal year 2022/2023.

Key Takeaways:

  • Dolmen City REIT XD NC's share price as of October 2, 2024, was Rs. 17.39, with a daily weighted average rate of Rs. 17.33.
  • The real estate investment trust has a paid-up capital of Rs. 22,237.00 million.
  • The company maintains a market lot of one share and operates with a par value of Rs. 10 per share.
  • Financial distributions have seen a steady increase over the past three years, with a 15% distribution in 2022, rising to 18.10% in 2023, and a forecasted 20% for 2024.
  • The EPS (Earnings Per Share) for the fiscal year 2022/2023 stood robust, reflecting the trust's operational success.
  • Dolmen City REIT XD NC's share prices fluctuated between Rs. 17.54 and Rs. 13.46 in the period of January to June 2024, indicating active trading sessions.
  • The trust was listed on the Pakistan Stock Exchange in 2015 and has since maintained a positive trajectory in its financial and market performance.
  • The previous book closure was noted on September 26, indicating critical financial evaluations and shareholder engagements.

Statistics:

  • Rs. 22,237.00 million: paid-up capital of Dolmen City REIT XD NC.
  • 15%: distribution in 2022.
  • 18.10%: distribution in 2023.
  • 20%: forecasted distribution in 2024.
  • Rs. 10: par value per share.
  • One share: market lot maintained by Dolmen City REIT XD NC.
  • October 2, 2024: date on which Dolmen City REIT XD NC's share price was recorded at Rs. 17.39.
  • Rs. 17.33: daily weighted average rate as of October 2, 2024.
  • Rs. 17.54: highest share price in the period of January to June 2024.
  • Rs. 13.46: lowest share price in the period of January to June 2024.

Sources:

  • Pakistan Stock Exchange (PSX)
  • [1] Dolmen City REIT XD NC's financial report, as of October 2, 2024.

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