Globe Residency REIT Stock

Globe Residency REIT is a Pakistan-based company. The Company is a close-end development real estate investment trust (REIT) scheme having a limited life of 48 months (spanning over 5 fiscal years). The objective of the REIT Scheme includes construction of nine towers with a total of 1,344 (two beds and three beds) residential units under the project named Globe Residency Apartments for generating income for Unit Holders. Its Globe Residency Apartments or the REIT Project site is situated in a gated and residential housing project, Naya Nazimabad (NN). The Company's 1,150 houses are occupied, and 500 houses are under construction. The REIT scheme comprises 5 FL Sites (FL 3, 4, 5, 7 and 8) with an aggregate land size of 40,500 square yards.