Karachi: Dolmen City REIT, managed by Arif Habib Dolmen REIT Management Limited, has released its financial results for the fiscal year ending June 30, 2026. The report, dated October 8, 2026, reveals substantial growth in the company's profitability driven by increased rental income and a notable unrealized gain on the remeasurement of investment property values.
The REIT reported a revenue increase to 6.56 billion rupees from 5.87 billion rupees the previous year. Rental income, a major contributor, rose to 6.45 billion rupees from 5.78 billion rupees. Marketing income also experienced an uptick, reaching 113,004,000 rupees from 94,116,000 rupees.
Administrative and operating expenses decreased to 801,867,000 rupees from 950,244,000 rupees, while impairment loss on receivables was cut to 15,534,000 rupees from 30,884,000 rupees. These adjustments contributed to a net operating income of 5.74 billion rupees, a big move compared to the previous year's 4.89 billion rupees.
Other income slightly decreased to 206,831,000 rupees from 211,556,000 rupees, leading to a total income before fees of 5.95 billion rupees, up from 5.11 billion rupees. Management and trustee fees, along with associated taxes, accounted for a total of 231,140,000 rupees, up from 196,963,000 rupees.
Profit before the change in fair value of investment property was reported at 5.72 billion rupees, up from 4.91 billion rupees. A significant unrealized gain on remeasurement of investment property, amounting to 6.97 billion rupees from the previous 3.08 billion rupees, contributed to the profit before taxation soaring to 12.69 billion rupees from 7.99 billion rupees, indicating a very large or significant move.
According to information available from the Pakistan Stock Exchange (PSX), Dolmen City REIT's earnings per unit for distributable income increased to 2.57 rupees from 2.21 rupees, and earnings per unit for undistributable income or unrealized fair value gains rose to 3.13 rupees from 1.39 rupees. The basic and diluted earnings per unit jumped to 5.70 rupees from 3.60 rupees.
The results underscore Dolmen City REIT's robust performance in the real estate investment sector, highlighting the impact of strategic management decisions and favorable market conditions.