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Real estate investment trusts

Globe Residency REIT Reports Financial Performance and Share Value

Strategic Insights

— 1 min read

Globe Residency REIT, a listed company on the Pakistan Stock Exchange (PSX), has disclosed its financial performance and share value data for the periods ending in 2022 through to the first half of 2024. The company's financial report highlights its progressive distribution pattern over the last three years, with a slight decline in distribution rate from 30% in 2022 to 10% in 2024. The company's shares have reached a high of Rs. 15.10 and a low of Rs. 11.87 during the first half of 2024, indicating volatility in the market. The company's paid-up capital stands at Rs. 1.40 billion as of June of the reporting year, providing a basis for investors to assess its financial health.

Key Takeaways:

  • Globe Residency REIT has a paid-up capital of Rs. 1.40 billion as of June of the reporting year.
  • The company's shares closed at Rs. 13.70 on October 17, 2024, with a daily weighted average rate of Rs. 13.68.
  • The market lot size for Globe Residency REIT is set at 1 unit, with a par value of Rs. 10 per share.
  • The company's distribution pattern shows a decline from 30% in 2022 to 10% in 2024, indicating a slightly declining trend.
  • The earnings per share (EPS) for the fiscal year 2022/2023 stood significantly, indicating the company's profitability during that period.
  • The company's shares reached a high of Rs. 15.10 and a low of Rs. 11.87 from January to June 2024.
  • Investors and market analysts closely monitor such financial disclosures to assess the company's performance and make informed decisions in the dynamic real estate investment sector of Pakistan.

Statistics:

  • Paid-up capital: Rs. 1.40 billion (as of June of the reporting year)
  • Closing share price: Rs. 13.70 (October 17, 2024)
  • Daily weighted average share price: Rs. 13.68
  • Market lot size: 1 unit
  • Par value per share: Rs. 10
  • Distribution rate: 30% (2022), 17.50% (2023), 10% (2024)

Sources:

  • Pakistan Stock Exchange (PSX)
  • Globe Residency REIT's financial report (no date specified)
  • Globe Residency REIT's stock symbol: GRR

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