Globe Residency REIT’s Performance on 25 Oct 2023

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.