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Globe Residency REIT (Pakistan)

Main Activities: Other Financial Vehicles
Full name: Globe Residency REIT Profile Updated: November 08, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

The Company is established with the objective of upliftment and construction of the acquired Real Estate including construction of residential units under the project named Globe Residency Apartments” (the Project) for generating income for Unit Holders.
Mission:
Provide a customer centric full scale real estate investment related solution to our clientele by giving them distinctive comparative advantage and to mutually benefit from being the first REIT management company in Pakistan.
Vision:
To be a knowledge-based Real Estate Investment Company which adheres to the highest standards of Integrity, Professionalism and Quality to generate sustainable returns for all stakeholders.
History:
2021:The Trust Deed of the REIT was registered on December 24, 2021 whereas approval of the registration of the REIT has been granted by the SECP on December 14, 2021.
2022:the REIT has been listed on the Pakistan Stock Exchange Limited (PSX) with the approval of the Securities Exchange and Commission of Pakistan on December 28, 2022.

Headquarters
Arif Habib Center, 23 Mt Khan Road
Karachi; Sindh;

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Website: http://www.arifhabibdolmenreit.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2021
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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71.46%
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23.75%
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0.12%
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0.1%
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0.05%
Company Performance
Financial values in the chart are available after Globe Residency REIT report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Net sales revenue
6.55%
Total operating revenue
4.62%
Operating profit (EBIT)
-33.34%
Net Profit (Loss) for the Period
-7.07%
Operating Profit Margin (ROS)
-5.06%
Net Profit Margin
-1.21%
Cash Ratio
-100%

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