Globe Residency REIT Announces Strong Earnings in Mid2024

Karachi, Globe Residency REIT (GRR), a recent addition to the Pakistan Stock Exchange in 2022, has announced strong earnings for the midyear of 2024. The real estate investment trust reported an earnings per share (EPS) of 1.94, an increase from the previous rate of 14.21. Globe Residency, with a paidup capital of Rs. 1,400.00 million, declared a 30% cash dividend for the fiscal year ending June 2023. The trading high was at Rs. 12.62 with a turnover of 425,000. Globe Residency REIT’s financial results indicate a promising future in the real estate investment sector.