Dolmen City REIT has reported an increase in profitability for the quarter ended September 30, 2026, supported by higher rental income and improved operating performance. The latest financial results reflect continued growth in the trust’s income-generating operations and a stable net asset value per unit.
According to the financial statements released by Arif Habib Dolmen REIT Management Limited, Dolmen City REIT recorded a profit after taxation of Rs1.485 billion for the quarter ended September 30, 2026, compared with Rs1.385 billion in the corresponding period last year. This represents an increase of approximately 7.2 percent.
The trust’s total revenue also showed encouraging growth, reaching Rs1.712 billion during the quarter, against Rs1.565 billion in the same period of 2025. The improvement was primarily driven by higher rental income, which increased to Rs1.686 billion from Rs1.533 billion a year earlier.
Marketing income, however, declined to Rs26.3 million compared with Rs31.8 million in the corresponding quarter last year.
Dolmen City REIT’s net operating income increased to Rs1.499 billion, compared with Rs1.392 billion in the same period of the previous year. Other income amounted to Rs46.6 million, while administrative and operating expenses stood at Rs213.7 million.
The trust reported earnings per unit of Rs0.67 for the September 2026 quarter, compared with Rs0.62 in the corresponding period last year. The increase in earnings per unit reflects the improvement in overall profitability.
The balance sheet also remained stable. As of September 30, 2026, total assets stood at Rs84.707 billion, compared with Rs84.527 billion at June 30, 2026. Total unit holders’ funds increased to Rs83.546 billion from Rs83.529 billion during the same period.
Net asset value (NAV) per unit stood at Rs37.57 at the end of September 2026, marginally higher than Rs37.56 reported at the end of June 2026.
Cash flow performance remained positive, with net cash generated from operating activities reaching Rs1.473 billion during the quarter, compared with Rs1.294 billion in the corresponding period last year. Cash and cash equivalents increased to Rs2.393 billion at September 30, 2026, from Rs2.286 billion a year earlier.
Meanwhile, the Board of Directors of Arif Habib Dolmen REIT Management Limited, in its meeting held on October 30, 2026, did not recommend any cash dividend, bonus shares or right shares for the quarter ended September 30, 2026.
Overall, Dolmen City REIT’s September 2026 results highlight steady growth in rental income, improved profitability and stable asset values. The trust’s ability to generate consistent rental revenue remains an important factor supporting its financial performance and position in Pakistan’s listed real estate investment trust sector.
