NAYA NAZIMABAD APARTMENT REIT
PPSX:NNAR20.98
PKR
-0.21
(-0.99%)
ISIN
PK0099001080
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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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
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Pakistan
- IPO Date
- Sep 17, 2026
- Similar Companies
- Business
- Naya Nazimabad Apartment REIT is a closed-end, Shariah-compliant developmental real estate investment trust headquartered in Karachi, Pakistan. Managed by Arif Habib Dolmen REIT Management Limited, with the Central Depository Company of Pakistan Limited serving as trustee and Javedan Corporation Limited acting as the project developer and primary sponsor, the REIT specializes in the acquisition, development, construction, marketing, and sale of residential, commercial, and retail properties. The trust operates primarily within the real estate investment and development sector, structuring and managing developmental real estate projects across Pakistan. Its portfolio of core offerings and assets comprises residential apartment developments, including multi-story residential and mixed-use complexes developed across seven commercial plots spanning approximately 46,597 square yards at the entrance of the master-planned Naya Nazimabad community in Karachi; plotted residential developments, consisting of 146 residential plots situated within the Bankers Avenue Cooperative Housing Society on Bedian Road in Lahore; commercial and retail spaces, featuring 70 commercial plots within Bankers Avenue Cooperative Housing Society in Lahore; and specialized retail units, comprising 76 commercial retail units measuring approximately 12,249 square feet located at the IT Tower on Hali Road, Gulberg, Lahore. The REIT generates capital returns and investor distributions through the off-plan marketing, development, and delivery of finished residential units, commercial retail spaces, and developed plots. In recent developments, the REIT successfully completed its initial public offering via a book-building process that reached its upper price ceiling of PKR 23.00 per unit, and officially commenced trading on the Main Board of the Pakistan Stock Exchange under the ticker NNAR on September 17, 2026. The public offering distributed 44.06 million units, representing a 15 percent stake of the PKR 10.7 billion fund, leaving Javedan Corporation Limited and Arif Habib Corporation Limited with holdings of approximately 59 percent and 26 percent, respectively. Simultaneously with its market debut, the trust was integrated into the PSX-KMI All Share Islamic Index in recognition of its certified Shariah-compliant operational and financial framework. Established under a Trust Deed dated June 24, 2022, under the Securities and Exchange Commission of Pakistan Real Estate Investment Trust Regulations, Naya Nazimabad Apartment REIT is based in Karachi, Pakistan, and serves institutional and individual property investors across Pakistan.