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Smart Money

Real Estate Investment Trust

GRR Globe Residency REIT

Latest results: FY2025 · Jun 2025 Q3 FY2026 · Jan – Mar 2026

Last close · 16 Oct 2026

Rs 16.99 +0.41%

Financials

Globe Residency REIT (GRR) financials

4 years of annual results (FY2022 – FY2025), 15 quarters.

Globe Residency REIT (GRR) reported revenue of Rs 2.6 bn for FY2025 (Jul 2024 – Jun 2025), down 13.5% from FY2024.

Profit attributable to shareholders was Rs 539.2 mn (EPS Rs 3.85), up 114.1%, a net margin of 20.5%.

It declared a dividend of Rs 3.50 per share for FY2025 and has paid a dividend in each of the last 3 years.

Net debt stood at Rs 2.3 bn.

Return on equity was 29.4%.

At Rs 16.99 (close on 16 Oct 2026) the shares trade at 3.2× earnings (TTM to Mar 2026) and 1.20× book value, with a dividend yield of 20.6%.

Fundamentals

GRR at a glance

Revenue · FY2025

Rs 2.6 bn

▼ 13.5% year on year

Profit attributable to shareholders · FY2025

Rs 539.2 mn

▲ 114.1% year on year

EPS – basic (Rs) · FY2025

Rs 3.85

▲ 114.1% year on year

Dividend per share (Rs) · FY2025

Rs 3.50

▲ 100.0% year on year

Net margin · FY2025

20.5%

+12.2 pts year on year

Debt to equity · FY2025

118.8%

+30.9 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2025
Rs 2.6 bn
Profit attributable · FY2025
Rs 539.2 mn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2025
Rs 5.6 bn
Equity · FY2025
Rs 2.0 bn

Cash flow

Cash from operations, investment, financing and free cash flow.

Operating cash flow · FY2025
-Rs 860.3 mn
Net change in cash · FY2025
Rs 52.7 mn

Financial highlights

GRR financial results

GRR annual financial highlights (Rs mn)
Rs mn FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue 2,627.5 3,036.6 2,849.8 2,564.5
Operating profit 496.3 274.1 296.4 413.8
Profit after tax 539.2 251.9 271.1 342.4
Profit attributable to shareholders 539.2 251.9 271.1 342.4
EPS – basic (Rs) Rs 3.85 1.80 1.94 2.45
Dividend per share (Rs) Rs 3.50 1.75 3.00 0.00
Total assets 5,618.8 4,790.0 4,113.2 4,049.8
Total equity 1,981.6 1,687.4 1,855.5 1,584.4
Total debt 2,355.1 1,483.3 1,400.0 1,400.0
Net cash from operating activities (860.3) 25.2 (1,041.5) (1,239.9)
GRR quarterly financial highlights (Rs mn)
Rs mn TTM to Mar 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024
Revenue 4,456.1 1,112.5 1,442.4 1,045.8 855.4 638.6 640.8 492.6 809.3
Operating profit 731.4 69.0 229.7 167.4 265.4 77.5 91.0 62.3 39.1
Profit after tax 753.5 76.2 231.3 178.3 267.7 99.4 99.5 72.7 14.8
Profit attributable to shareholders 753.5 76.2 231.3 178.3 267.7 99.4 99.5 72.7 14.8
EPS – basic (Rs) Rs 5.38 0.54 1.66 1.27 1.91 0.71 0.71 0.52 0.11
Dividend per share (Rs) Rs 3.50 0.00 0.00 0.00 3.50 0.00 0.00 0.00 1.75
Total assets 6,921.2 6,921.2 7,151.9 6,342.2 5,618.8 5,420.8 5,401.3 4,920.0 4,790.0
Total equity 1,977.5 1,977.5 1,901.3 1,670.0 1,981.6 1,713.9 1,614.5 1,515.1 1,687.4
Total debt 2,191.3 2,191.3 2,414.8 2,463.0 2,355.1 2,316.7 2,500.0 1,583.3 1,483.3
Net cash from operating activities 514.9 52.5 705.0 127.7 (370.2) (72.5) (319.4) (98.2) (231.2)

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.

GRR charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 3 bn Revenue FY22: Rs 2.6 bn Profit attributable FY22: Rs 342.4 mn FY22 Revenue FY23: Rs 2.8 bn Profit attributable FY23: Rs 271.1 mn FY23 Revenue FY24: Rs 3.0 bn Profit attributable FY24: Rs 251.9 mn FY24 Revenue FY25: Rs 2.6 bn Profit attributable FY25: Rs 539.2 mn FY25
Margins Operating margin Net margin
Margins 22% 11% 0% Operating margin FY22: 16.1% Operating margin FY23: 10.4% Operating margin FY24: 9.0% Operating margin FY25: 18.9% Net margin FY22: 13.3% Net margin FY23: 9.5% Net margin FY24: 8.3% Net margin FY25: 20.5% FY22 FY23 FY24 FY25
Cash flow Operating cash flow
Cash flow Rs 25 mn -Rs 1 bn Operating cash flow FY22: -Rs 1.2 bn FY22 Operating cash flow FY23: -Rs 1.0 bn FY23 Operating cash flow FY24: Rs 25.2 mn FY24 Operating cash flow FY25: -Rs 860.3 mn FY25