Globe Residency REIT has reported a strong financial performance for the first quarter ended September 30, 2026, posting a nearly 29% increase in profit after taxation compared with the corresponding period last year.
According to the financial results submitted to the Pakistan Stock Exchange by Arif Habib Dolmen REIT Management Limited on October 30, 2026, Globe Residency REIT recorded a profit after taxation of Rs229.97 million for the quarter ended September 30, 2026, compared with Rs178.35 million in the same period last year.
The REIT’s revenue from contracts with customers increased to Rs1.28 billion, up from Rs1.05 billion in the corresponding quarter of 2025. This represents year-on-year growth of approximately 22.5%, reflecting an improvement in the scheme’s reported revenue performance.
Gross profit also witnessed a significant increase, reaching Rs289.97 million compared with Rs220.91 million a year earlier. Meanwhile, net operating income improved to Rs229.38 million from Rs175.92 million, indicating stronger operating performance.
Profit before taxation stood at Rs230.54 million, compared with Rs179.91 million in the corresponding period last year. Following taxation of Rs563,000, the REIT reported earnings per unit of Rs1.64, compared with Rs1.27 in the same quarter of 2025.
The financial statements also showed changes in the REIT’s financial position. Total assets reached approximately Rs8.04 billion as of September 30, 2026, compared with Rs6.84 billion at the end of June 2026. Cash and bank balances increased to Rs453.88 million from Rs249.67 million during the same period.
However, the cash flow statement showed that net cash generated from operating activities amounted to Rs19.44 million, compared with Rs127.66 million in the corresponding period last year. Financing activities generated net cash of Rs184.77 million during the quarter, contributing to an overall increase in cash and cash equivalents.
The REIT’s net asset value per unit stood at Rs12.43 as of September 30, 2026, compared with Rs14.78 as of June 30, 2026.
Regarding shareholder and unit-holder distributions, the board did not recommend any cash dividend, bonus shares, or right shares for the quarter. The company also reported no other price-sensitive information or corporate action in its stock exchange filing.
The latest results highlight Globe Residency REIT’s improved revenue, profitability and earnings per unit during the first quarter of FY2026-27. Investors will likely continue monitoring the scheme’s operating performance, cash generation and financial position in the coming quarters to assess whether the positive earnings trend can be sustained.
