Dolmen City REIT (DCR), the management company of Dolmen Mall announced its Annual financial result for the year 2020 where its Net profit declined to PKR 2.6 Billion as compared to PKR 3.03 Billion in last year.
Total Rental Income of the DCR declined to PKR 2.8 Billion as compared to PKR 3.3Billion in 2019. The decline in Rental Income is primarily due to Rental Waivers provided to tenants during COVID19 induced Lockdowns in the country.
Dolmen City REIT is Pakistan’s first REIT management company aimed towards bringing real estate investment to the reach of the average investor. DCR manages Dolmen City Mall based in Clifton, Karachi which is one of the premiere Shopping Malls in the Country. It also manages The Harbor Front building which is an office Complex housing large corporates of the country.
Latest posts by News Desk (see all)
- Oil Prices down amid Geo-Political Uncertainty - November 1, 2023
- Govt to borrow PKR8.5 trillion in Bond Auction till Jan-2024 - November 1, 2023
- Nishat Chunian Ltd: 1QFY24 profit rises 13 percent to PKR 500mn - October 31, 2023