Karachi: Dolmen City REIT has released its annual financial report for the year ending June 30, 2026, showcasing a significant increase in profitability and asset valuation. The report, dated October 28, 2026, details the financial position and performance of the real estate investment trust, reflecting a year of substantial growth.
The statement of financial position indicates that the total assets of Dolmen City REIT rose to 84.53 billion rupees from 77.46 billion rupees in the previous year. This increase is largely attributed to the rise in the value of non-current investment properties, which climbed to 81.73 billion rupees from 74.76 billion rupees. Current assets also experienced a modest increase, reaching 2.80 billion rupees, up from 2.71 billion rupees.
Unit holders’ funds demonstrated a notable increase, standing at 83.53 billion rupees compared to 76.51 billion rupees the previous year. This rise is supported by an increase in capital reserves, which expanded to 59.77 billion rupees from 52.80 billion rupees. Revenue reserves also saw growth, reaching 1.52 billion rupees from 1.47 billion rupees.
The report highlights substantial revenue growth for the year, with rental and marketing income totaling 6.56 billion rupees, up from 5.87 billion rupees in 2025. Administrative and operating expenses decreased to 801.87 million rupees from 950.24 million rupees, contributing to a rise in net operating income to 5.74 billion rupees from 4.89 billion rupees the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Dolmen City REIT recorded an unrealized gain on the remeasurement of the fair value of its investment property, amounting to 6.97 billion rupees, a very large or significant move from the 3.08 billion rupees reported in 2025. This contributed to a profit before taxation of 12.69 billion rupees, a significant increase from 7.99 billion rupees in the prior year.
Earnings per unit also saw substantial growth, with distributable income earnings per unit rising to 2.57 rupees from 2.21 rupees, and undistributable income or unrealized fair value gains per unit increasing to 3.13 rupees from 1.39 rupees. Basic and diluted earnings per unit increased to 5.70 rupees, a very large or significant move from 3.60 rupees in the previous year.
The financial results for 2026 reflect Dolmen City REIT's strong market position and effective management strategies, demonstrating its ability to capitalize on market opportunities and enhance shareholder value in the real estate market category.