Dolmen City REIT · PSX:DCR
Dolmen City REIT — Investor Presentation (November 2025)
19 slides from Dolmen City REIT's investor presentation, Nov 28, 2025
Slide 1: Dolmen City REIT Corporate Briefing Session 2025
DOLMEN CITY REIT CORPORATE BRIEFING SESSION 2025 November 28, 2025
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT. This presentation has been prepared by Arif Habib Dolmen REIT Management Limited (“AHDRML”) solely for information purposes. No representation or warranty express or implied is m
Slide 3: Table of Contents
TABLE OF CONTENTS 01 Introduction – Sector Overview 02 Introduction – Scheme’s Overview 03 Operational and Financial Highlights
Slide 4: Introduction - Sector Overview
Introduction - Sector Overview
Slide 5: REITs
REITs A highly regulated and disciplined corporate structure to pool funds for the purpose of real estate investment. Purchase Invest REIT UNITS INVESTORS Dividend Income REAL ESTATE ASSETS Ownership of the Real Estate is represented through REIT Units. Investors can invest according to their financ
Slide 6: How REITs Work
How REITs Work REIT SCHEME Trust Deed RMC Establishes and Manages the REIT Investment Holds Property Title and Books of Accounts, Appointments, Trustee Public and Private Accounts as Custodian of Investment Decision Making, Regulator Investors REIT Assets Reporting and Income Distribution Stock Exch
Slide 7: Types of REITs in Pakistan
Types of REITs in Pakistan ▪ Developmental REIT: Established with the objective of development, construction or refurbishment of real estate for industrial, commercial, residential or a combination of uses. ▪ Rental REIT: Established with the purpose of generating rental income from Real Estate. ▪ H
Slide 8: Introduction – Scheme's Overview
Introduction – Scheme’s Overview
Slide 9: Dolmen City REIT overview and components
➢ Arif Habib Dolmen REIT Management launched Pakistan's Tower A Tower B first REIT – Dolmen City REIT (DCR) in June 2015. It is a The Harbour Front perpetual, Shariah-compliant, rental REIT listed on the Pakistan Stock Exchange. Executive Tower ➢ The REIT assets comprise Dolmen Mall and The Harbour
Slide 10: Perpetual, Rated, Listed, Closed-end Shariah Compliant Rental REIT
Nature of the Scheme Perpetual, Rated, Listed, Closed-end Shariah Compliant Rental REIT • Dolmen Mall Clifton 542,847 sq.ft. Real Estate • The Harbour Front 257,162 sq.ft. Total 800,009 sq.ft. PKR 22,237 Million (at inception) Fund Size PKR 74,776 Million on June 30, 2025 Trustee Central Depository
Slide 11: Operational and Financial Highlights
Operational and Financial Highlights
Slide 12: Operational Highlights
Operational Highlights ➢ Currently Operating with the finest brands and Companies in Pakistan. ➢ Tenants include:
Slide 13: Outlook
Outlook • Dolmen Mall Clifton remains well-positioned to capture growth opportunities, supported by sustained demand from both local and international retail brands. As one of Pakistan’s pioneering international standard shopping malls, it continues to attract a broad and diverse customer base. • Ad
Slide 14: Financial Highlights
Financial Highlights 30 June 30 June 30 June 30 June 2025 2024 2023 2022 ---------------(Rupees in '000)--------------- Income 5,874,614 5,158,597 4,577,147 3,795,200 Administrative & Opearting Expenses (981,128) (810,552) (597,959) (516,370) Net operating income 4,893,486 4,348,045 3,979,188 3,278,
Slide 15: Summarized Performance of 1st Quarter of FY 2025-26
Summarized Performance of 1st Quarter of FY 2025-26 30 Sept. 2025 30 Sept. 2024 ---------------(Rupees in '000)--------------- % Income 1,564,502 1,369,848 14.21 Net operating income 1,392,221 1,064,926 30.73 Net Profit 1,385,226 1,112,875 24.47 ---------------(Rupees)--------------- Earnings per un
Slide 16: Dividend Payout (Year on Year)
Dividend Payout (Year on Year) Dividend Payout (PKR ' Million) 6,000 5,000 4,959 4,447 4,000 4,025 3,000 3,335 2,757 2,000 1,000 - 2021 2022 2023 2024 2025
Slide 17: Key Revenue Drivers
Key Revenue Drivers 1. High Occupancy Rates Consistently maintained occupancy levels above 97% as of June 2024, ensuring stable and recurring rental income. 2. Strong Tenant Profile & Mix Houses a diverse portfolio of multinational corporations, leading local brands, and established retail tenants,
Slide 18: Investor Returns Overview: Dividends and Capital Gains
Investor Returns Overview: Dividends and Capital Gains Unit Price at Listing Amount (PKR) Percentage At Par Value 10.00 - At Strike Value 11.00 - Dividend Declared FY 2015 to 2025 14.82 135% QTR September 2025 0.63 6% 15.45 140% Market Price as of September 2025 32.09 292% Capital gain on Investmemt
Slide 19: Thank You
Thank You Question & Answer Session
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