Globe Residency REIT Reports Earnings and High Distribution

Karachi, Globe Residency REIT (GRR), a newer entrant to the Pakistan Stock Exchange listed in 2022, has announced a substantial distribution of 30% for the year. The company's EPS stood at 11.87 for the first quarter of 2024, with today's trading rate at Rs. 13.00 and a daily weighted average rate of Rs. 13.24. The company's performance in the real estate sector indicates solid growth prospects moving forward.