Image REIT
PPSX:IREIT7.67
PKR
+0.01
(+0.13%)
Image REIT
PSX:IREIT
(Pakistan Stock Exchange)
Recent
price
7.67
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Image REIT is a Pakistan-based Shariah-compliant, perpetual hybrid Real Estate Investment Trust (REIT) scheme that specializes in real estate asset ownership, rental income generation, and property development. Established under a trust deed in July 2022 and headquartered in Karachi, Pakistan, the trust is managed by Sinolink REIT Management Company Limited with the Central Depository Company of Pakistan Limited serving as trustee, operating under the regulatory supervision of the Securities and Exchange Commission of Pakistan. Image REIT operates across two principal business segments: Rental REIT operations and Developmental REIT operations. The trust's core products and services encompass commercial real estate leasing; property asset management; mixed-use building development and construction; tenant and facility management services; and Shariah-compliant investment unit offerings delivering yield-based dividend distributions. Its underlying real estate portfolio comprises an operational, fully occupied eight-story commercial building spanning approximately 23,000 square feet situated on Main Shahrah-e-Faisal in Karachi for long-term commercial leasing, as well as a developmental mixed-use property situated on Tipu Sultan Road in Karachi consisting of multi-level residential apartments and commercial retail units intended for sale and rental income. The trust serves retail and institutional capital market investors, corporate commercial tenants, and residential property buyers within the urban Pakistan real estate market. In recent corporate developments, Image REIT completed its Initial Public Offering on the Pakistan Stock Exchange in September 2025, raising PKR 921.07 million through a book-building process that was oversubscribed more than two-fold at a strike price of PKR 10.01 per unit, followed by its formal public listing under the ticker IREIT in October 2025. The trust subsequently deployed the public offering proceeds toward the construction, fit-out, and commercialization of its Tipu Sultan Road mixed-use development project, advancing its dual-asset investment strategy.