KARACHI: Signature Residency REIT (SRR), managed by Arif Habib Dolmen REIT Management Limited, has posted a profit after tax of PKR 10.89 million for the nine-month period ended March 31, 2026, marking a turnaround from a loss of PKR 2.30 million recorded during the corresponding period last year. The company disclosed its financial results in a notice submitted to the Pakistan Stock Exchange (PSX).
The REIT reported earnings per unit (EPU) of PKR 0.3299, compared with a loss per unit of PKR 0.0697 in the same period of the previous year. Despite recording an operating loss of PKR 23.83 million, the fund’s bottom line was supported by other income of PKR 38.63 million, primarily generated through returns on bank deposits.
For the quarter ended March 31, 2026, Signature Residency REIT posted a loss after tax of PKR 1.49 million, compared with a loss of PKR 0.29 million in the corresponding quarter last year. The Board of Directors did not recommend any cash dividend, bonus units, right units, or any other corporate action for investors.
According to the company’s directors’ report, the Signature Tower project has reached an advanced stage of development, with approximately 99% of the grey structure completed. During the reporting period, the project’s commercial unit was completed, sold, and handed over to a commercial bank, while the residential component continues to attract strong demand from homebuyers.
The management stated that apartment sales remain encouraging, with the cumulative consideration from apartment sales reaching PKR 2.17 billion as of March 31, 2026. Additionally, the installment recovery rate stands at 92%, reflecting healthy cash flow and financial stability for the project.
On the financial position front, the REIT’s total assets increased to PKR 1.78 billion, while cash and bank balances rose to PKR 504.36 million at the end of the reporting period. However, the net asset value (NAV) per unit declined to PKR 10.47 from PKR 12.14 recorded at the close of the previous financial year.
Looking ahead, management expressed confidence in Pakistan’s residential real estate market, citing expectations of improving macroeconomic conditions, easing inflation, and lower interest rates. The company believes these factors, combined with the near completion of the Signature Tower project, will support investor returns as the REIT progresses toward its planned wind-up phase in 2027.
