Naya Nazimabad Apartment Real Estate Investment Trust (REIT) has reported a loss after taxation of Rs198.2 million for the period ended September 30, 2026, according to its latest financial statements submitted to the Pakistan Stock Exchange (PSX).
The financial results were announced by Arif Habib Dolmen REIT Management Limited, the management company of Naya Nazimabad Apartment REIT, following a board meeting held on October 30, 2026.
According to the financial statements, the REIT generated revenue of Rs329.9 million during the period from July 1 to September 30, 2026. The cost of sales stood at Rs316 million, resulting in a gross profit of Rs13.9 million.
However, the trust continued to face pressure from operating and financing expenses. Administrative and operating expenses amounted to Rs28.8 million, while finance costs reached Rs178.3 million. Other income provided some support, contributing Rs49.7 million during the period.
Despite this additional income, Naya Nazimabad Apartment REIT recorded a loss before and after taxation of Rs198.2 million. Its loss per unit stood at Rs0.675, compared with Rs0.598 in the corresponding period of the previous year.
The financial position showed that the trust’s total assets increased to Rs19.88 billion as of September 30, 2026, compared with Rs17.89 billion at June 30, 2026. Inventory property remained the largest asset component, valued at approximately Rs15.28 billion.
Contract cost assets increased to Rs522.3 million, while short-term deposits, advances and other receivables stood at Rs900.6 million. Bank balances reached Rs3.17 billion during the reporting period.
The trust’s total unit holders’ fund and liabilities amounted to Rs19.88 billion. Its net asset value (NAV) per unit stood at Rs14.31 at September 30, 2026, compared with Rs14.99 at June 30, 2026.
Cash flow performance showed an improvement during the period. Naya Nazimabad Apartment REIT generated net cash from operating activities of Rs959.6 million, against a cash outflow of Rs120.6 million in the corresponding period of the previous year. Cash and cash equivalents increased from Rs2.21 billion at the beginning of the period to Rs3.17 billion at the end.
Meanwhile, the board of directors did not recommend any cash dividend, bonus shares, right shares or other corporate action for the reporting period.
The latest results reflect a mixed financial position for Naya Nazimabad Apartment REIT, with growth in total assets and improved operating cash flows alongside a higher reported loss and a decline in net asset value per unit. Investors will be watching the trust’s future revenue generation, financing costs and overall financial performance in the coming quarters.
