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Karachi, Globe Residency REIT NC (GRR) has today’s trading rate listed at Rs. 12.40, slightly above its daily weighted average rate of Rs. 12.15. The company boasts a paid-up capital of Rs. 1,400.00 million and will close its books for the financial year in June. While there were no distributions reported for 2021 and 2022, the company is projecting a 30% distribution for 2023. The par value stands at Rs. 10 with a market lot set at 500. Globe Residency REIT’s previous book closure was noted as 29/09. A relatively new entrant to the market, the company was listed in 2022. From January to September 2023, the highest rate was Rs. 8.32, and turnover figures have reached 42,082,000.
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