Globe Residency REIT has announced a cash dividend of Rs4.00 per unit for the year ended June 30, 2026. The payout equals 40% of the unit’s Rs10 face value.
This is GRR’s fourth consecutive annual distribution since its listing on the Pakistan Stock Exchange in December 2022. The scheme paid Rs3.50 per unit in FY2025, Rs1.75 in FY2024 and Rs3.00 in FY2023.
With the latest declaration, cumulative distributions since listing have reached Rs12.25 per unit.
The REIT has 140 million units outstanding, according to PSX and Arif Habib Dolmen REIT Management data. At Rs4.00 per unit, the FY26 dividend represents a total cash payout of about Rs560 million.
Fourth Straight Annual Payout
Globe Residency REIT trades on the PSX under the symbol GRR. The exchange listed the scheme on December 28, 2022. Its opening price was Rs10 per unit.
PSX records say GRR operates under a trust deed signed in December 2021. Arif Habib Dolmen REIT Management Limited serves as the REIT Management Company. Central Depository Company of Pakistan Limited acts as trustee.
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Arif Habib Dolmen REIT Management is a joint venture between Arif Habib Group and Dolmen Group. The company has operated as a REIT management firm since 2009.
GRR’s earlier annual reports confirm the Rs3.00 distribution for FY2023 and Rs1.75 for FY2024. Arif Habib Corporation’s FY2025 presentation said GRR had paid Rs8.25 per unit through FY2025.
That figure matches the three annual payouts made before the latest dividend.
Project Built Around Naya Nazimabad Apartments
The underlying Globe Residency Apartments project sits within Naya Nazimabad, Karachi. The original scheme covers 40,500 square yards and includes nine residential towers.
PSX filings described the development as a 1,344-apartment project when GRR entered the market.
The scheme gives investors exposure to the development and sale of residential units.
When the public offering opened in December 2022, Javedan Corporation offered 14 million units to investors. Those units represented 10% of the scheme. The offer price stood at Rs10 per unit.
At the time, the REIT fund size was Rs2.8 billion. Business Recorder reported that the project cost was estimated at Rs20 billion.
South Asia’s First Listed Developmental REIT
GRR became Pakistan’s first listed developmental REIT when trading began on the PSX in December 2022. VIS Credit Rating Company has also described GRR as South Asia’s first listed developmental REIT.
Arif Habib Dolmen REIT Management also has a longer history in Pakistan’s REIT market. The firm launched Dolmen City REIT in 2015, which it describes as South Asia’s first listed REIT.
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The latest FY26 dividend extends GRR’s four-year record of annual cash distributions. It also lifts cumulative payouts above the original Rs10 listing price per unit.
For investors, the declaration highlights cash returns generated during the project’s development cycle. It also adds another payout milestone for Pakistan’s developing listed REIT market.
