PJSC GLORAX
MMOEX:GLRX40.47
RUB
-0.69
(-1.68%)
PJSC GLORAX
MOEX:GLRX
(Russian Exchange)
Recent
price
40.47
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- GloraX PJSC, a multi-format federal development company, engages in the design, construction, and delivery of residential complexes, commercial real estate, and social infrastructure facilities across multiple regions in Russia, with headquarters in Moscow and operations spanning Moscow, Saint Petersburg, the Moscow region, Nizhny Novgorod, Kazan, and surrounding markets. Founded in 2014, the company pursues integrated project development, leveraging IT solutions and modern technologies to manage a broad project portfolio and accelerate urban development. Main products and services - Residential property development: planning, construction, and sale/lease of multi-format housing projects across major metropolitan markets; includes mid- to high-density residential complexes with amenities. - Commercial real estate development: office, retail, and mixed-use properties; development, leasing, and asset management of commercial spaces. - Social infrastructure facilities: construction and delivery of schools, hospitals, and other public-interest facilities integrated with urban districts. - Project portfolio management: comprehensive lifecycle handling from site acquisition and design to permitting, construction, and handover; portfolio optimization and delivery timelines. - IT-enabled development services: use of digital tools for planning, design, procurement, construction management, and customer experience enhancements. - Investment and partnerships: collaboration with financial and strategic partners to fund, co-develop, or acquire projects; ongoing expansion through M&A activity and regional diversification. Latest major company changes - Strategic expansion through acquisitions and new project launches, expanding regional footprint and project portfolio to support growth targets; the firm reports an increasing number of projects in active development and a growing portfolio size, reflecting ongoing expansion in 1H–2H 2024 and into 2025. - IPO activity and equity financing: Glorax conducts an initial public offering to raise capital for expansion and project development, increasing market visibility and liquidity for shareholders. - Portfolio and rating actions: the company broadens its project portfolio with major new builds and receives upgraded credit assessments reflecting improved scale, financial transparency, and regional expansion, underscoring stronger business profile. Industry context and business segments - Industry: real estate development and construction; segments include residential development, commercial real estate development, and social infrastructure construction. - Customer base: institutional investors, government bodies, institutional buyers, and end-users seeking residential, office, retail, and public facility spaces. - Geographic operations: primary markets across Moscow, Saint Petersburg, Leningrad region, Moscow region, Nizhny Novgorod, Kazan, Yaroslavl, and surrounding areas; ongoing regional diversification. - Corporate structure: operates as GloraX PJSC, with parent company links to Glorax Group entities and subsidiaries focused on development and construction. Founding year and headquarters - Founded in 2014; headquarters located in Moscow, Russia. Subsidiaries and relationships - Operates within the Glorax Group framework, including Glorax Development and related regional affiliates; maintains relationships with financial partners and strategic alliances to fund and develop projects.