Globe Residency REIT Posts 2024 First Quarter Earnings

Karachi, Globe Residency REIT (GRR) has reported its financial performance for the first quarter of 2024, announcing an EPS of Rs 1.94. The REIT disclosed a 30% distribution for the period, with a daily weighted average rate of Rs 12.86 and today’s rate at Rs 12.52. Globe Residency, which debuted on the Pakistan Stock Exchange in 2022, has a relatively small paid-up capital of Rs 1,400.00 million but managed a turnover of 337,000 shares. The company’s performance reflects its commitment to generating value for its shareholders.