Dolmen City REIT Announces Dividend Increase and Solid Earnings Growth

Karachi, Dolmen City REIT (DCR), a prominent real estate investment trust listed on the Pakistan Stock Exchange, reported a robust earnings per share (EPS) of Rs. 4.18 for the year ending June 2023. The trust declared an increased dividend of 20% for 2023, up from 15% the previous year, and an additional 15% interim dividend, signaling strong financial performance and commitment to rewarding its shareholders. DCR’s trading price was observed at Rs. 14.06, closely aligning with its daily weighted average of Rs. 14.08. With a trading volume of 24,113,000 shares, Dolmen City REIT demonstrated significant investor interest, attributed to its high and low share prices of Rs. 14.14 and Rs. 13.46, respectively. Since its listing in 2015, DCR has established itself as a key player in the real estate sector with a paidup capital of Rs. 22,237.00 million.