Arif Habib-Managed Globe Residency REIT Declares 40% Dividend for FY26

Globe Residency REIT (GRR) has confirmed a cash dividend of Rs.

Key points

• The REIT was listed on the Pakistan Stock Exchange in December 2022 at an offer cost of Rs.
• Managed by Arif Habib Dolmen REIT Management Limited, GRR is South Asia's first listed developmental REIT.
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• Its underlying project Globe Residency Apartments comprises nine residential towers located within Naya Nazimabad, Karachi.
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Globe Residency REIT (GRR) has confirmed a cash dividend of Rs. 4 per unit, equivalent to 40 percent, for the financial year concluded June 30, 2026.

Managed by Arif Habib Dolmen REIT Management Limited, GRR is South Asia's first listed developmental REIT. The latest dividend payout marks the 4th consecutive annual dividend confirmed by GRR since its listing.

In practice, the latest dividend takes GRR's cumulative distributions since listing to Rs. 12.25 per unit. Arif Habib Dolmen Opens Investments in Naya Nazimabad Apartments REIT.

Meanwhile, the REIT previously distributed Rs. 3.50 per unit (35 percent) in FY25, Rs. 1.75 per unit (17.5 percent) in FY2024, and Rs. 3 per unit (30 percent) in FY23.

Meanwhile, the REIT was listed on the Pakistan Stock Exchange in December 2022 at an offer cost of Rs. 10 per unit. It was Pakistan's first listed developmental REIT and the first of its kind in South Asia.

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Taken together, the developments around arif Habib-Managed Globe Residency REIT Declares 40% Dividend for FY26 point to a situation that is still moving, and the coming days should bring more clarity.