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Real estate investment trusts

Dolmen City REIT Shows Notable Market Performance and Increasing Distribution Rates

Strategic Insights

— 1 min read

Dolmen City REIT, listed on the Pakistan Stock Exchange since 2015, has demonstrated a strong market presence, with its current price closely aligning with its daily weighted average rate of Rs. 20.04. The company has made significant strides in increasing its distribution rates, moving from 15% in 2022 to 18.10% in 2023, and projecting a 20% distribution for 2024. This trend showcases the company's financial stability and appeal to investors, as reflected in its steady earnings per share (EPS) for the fiscal year 2022/2023.

Key Takeaways:

  • Dolmen City REIT has shown notable market performance, with a current price of Rs. 20.00, closely aligning with its daily weighted average rate of Rs. 20.04.
  • The company has progressively increased its distribution rates, moving from 15% in 2022 to 18.10% in 2023, and projecting a 20% distribution for 2024.
  • Dolmen City REIT's earnings per share (EPS) for the fiscal year 2022/2023 stood solidly, reflecting the company's steady financial health and appeal to investors.
  • The REIT has a paid-up capital of Rs. 22,237.00 million and offers a par value of Rs. 10 per share.
  • The company's previous book closure was recorded on September 26, indicating the cutoff for entitlement to the latest distributions.
  • Dolmen City REIT's consistent performance and promising distribution growth highlight its role as a significant entity in the real estate investment sector on the PSX.
  • The REIT's performance in the first half of 2024 demonstrated a high rate of Rs. 17.54 and a low rate of Rs. 13.46.

Statistics:

  • Current price: Rs. 20.00
  • Daily weighted average rate: Rs. 20.04
  • Distribution rates: 15% (2022), 18.10% (2023), and 20% (projected for 2024)
  • EPS for fiscal year 2022/2023: Steady financial health and appeal to investors
  • Paid-up capital: Rs. 22,237.00 million
  • Par value: Rs. 10 per share
  • Market lot: One share
  • Previous book closure: September 26
  • Distribution growth: 3% increase from 2022 to 2023, and 4% projected for 2024

Sources:

  • Dolmen City REIT (DCR) - listed on the Pakistan Stock Exchange since 2015
  • Pakistan Stock Exchange (PSX) - source of market data and performance information

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