Globe Residency REIT Maintains Steady Performance, Rewards Shareholders with Progressive Distribution Payout

Globe Residency REIT has consistently demonstrated a strong distribution payout performance over the past three years, despite fluctuations in trading volume. The company's rate stood at Rs. 13.69 on October 9, 2024, with a daily weighted average rate of Rs. 13.47. This performance is notable, especially considering the company's relatively modest trading volume, comparable to other stocks in the main board category.

Key Takeaways:

• Globe Residency REIT has maintained a steady trading performance over the past three years, with a progressive distribution payout.
• The company's rate stood at Rs. 13.69 on October 9, 2024, with a daily weighted average rate of Rs. 13.47.
• The real estate investment trust reported a paid-up capital of Rs. 1.40 billion as of June of the current financial year.
• Globe Residency REIT did not declare any distributions for 2022 but announced a distribution of 30% in 2023 and a projected 17.50% for 2024.
• The company's earnings per share (EPS) for the fiscal year 2022/2023 were not disclosed in the available data.
• Globe Residency REIT was listed in 2022 and has a market lot of one share, with a par value of Rs. 10 per share.
• The company's previous book closure was recorded on September 21.
• The stock experienced its yearly high and low during January to June 2024, peaking at Rs. 15.10 and dipping to Rs. 11.87, respectively.

Statistics:

• Paid-up capital: Rs. 1.40 billion as of June of the current financial year.
• Distribution payout (2022): 0% (.none declared).
• Distribution payout (2023): 30%.
• Distribution payout (2024): 17.50% (projected).
• Market lot: one share.
• Par value: Rs. 10 per share.
• Trading high (January to June 2024): Rs. 15.10.
• Trading low (January to June 2024): Rs. 11.87.

Sources:

• Pakistan Stock Exchange (PSX).
• Globe Residency REIT.