Karachi: Globe Residency REIT has released its annual financial report for the year ending June 30, 2026, showing a significant increase in both revenue and total assets. The report, dated October 28, 2026, provides a comprehensive overview of the REIT's financial health and operational performance over the past year.
According to the report, the total assets of Globe Residency REIT have increased from 5.62 billion rupees in 2025 to 6.84 billion rupees in 2026. This growth reflects a substantial expansion in the REIT's current assets, which now stand at 6.83 billion rupees, up from 5.60 billion rupees the previous year. Notable increases were observed in contract assets, rising to 2.99 billion rupees from 1.55 billion rupees, and bank balances, which surged to 249.67 million rupees from 62.54 million rupees.
The unit holders' fund also showed healthy growth, reaching 2.09 billion rupees in 2026 from 1.98 billion rupees in 2025. Revenue reserves contributed significantly to this increase, climbing from 581.63 million rupees to 689.81 million rupees.
Liabilities saw a notable rise as well, with total liabilities increasing to 4.77 billion rupees in 2026 from 3.64 billion rupees in 2025. The increment was primarily driven by current liabilities, which more than doubled to 3.39 billion rupees. Key contributors to this increase include a payable to a joint operator of 692.18 million rupees and contract liabilities reaching 728.16 million rupees.
On the income statement, Globe Residency REIT's revenue from contracts with customers reached 4.80 billion rupees, marking a very large or significant move from the prior year's 2.63 billion rupees. Despite a corresponding increase in the cost of sales to 4.06 billion rupees, the REIT achieved a gross profit of 736.51 million rupees, up from 674.50 million rupees in 2025.
Operating income improved to 587.73 million rupees from 529.84 million rupees, while profit after taxation increased to 578.18 million rupees from 539.23 million rupees. Earnings per unit rose from 3.85 rupees to 4.13 rupees, indicating a positive trajectory for the company's profitability.
According to information available from the Pakistan Stock Exchange (PSX), the REIT's net assets value per unit experienced a moderate move, increasing to 14.78 rupees from 14.15 rupees in the previous year.
Overall, the financial statements reveal a robust performance by Globe Residency REIT in the designated market category, demonstrating its ability to navigate economic challenges and capitalize on growth opportunities.