Signature Residency REIT
PPSX:SRR17.69
PKR
+0.19
(+1.09%)
Signature Residency REIT
PSX:SRR
(Pakistan Stock Exchange)
Recent
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17.69
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ROIC.AI
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- Signature Residency REIT is a Pakistan-based, closed-end, Shariah-compliant developmental real estate investment trust established to execute the development, construction, marketing, and sale of premium residential and commercial properties. Established under a trust deed in March 2023 and headquartered in Karachi, Pakistan, the fund is managed by Arif Habib Dolmen REIT Management Limited, with the Central Depository Company of Pakistan Limited acting as the trustee and the Arif Habib Group serving as the principal sponsor. The trust operates exclusively within the domestic real estate development market, focusing on high-density urban residential expansion within the master-planned Naya Nazimabad community in Karachi. The primary assets and business offerings of the trust comprise the development and monetization of the Signature Tower project, situated on a 2,067-square-yard land parcel. Its core products and services encompass: the construction, off-plan marketing, and sale of 104 luxury residential apartments across varied multi-bedroom layouts; the development, marketing, and commercialization of a dedicated ground-floor retail and commercial space; comprehensive architectural, engineering, and project construction management; customer contracting, buyer onboarding, and milestone-based installment payment administration; Shariah-compliant real estate equity pooling and developmental fund management; and property handover, documentation, and post-completion asset transitions for end-users and real estate investors. In recent major developments, Signature Residency REIT completed its Initial Public Offering in January 2026, offering 8.25 million units, representing 25 percent of the fund's total paid-up equity, at a strike price of PKR 14.00 per unit. The public offering experienced substantial institutional and retail demand, achieving an oversubscription rate of approximately 9.5 times. Following the offering, the fund was officially listed on the Pakistan Stock Exchange on January 29, 2026, under the ticker symbol SRR. In May 2026, VIS Credit Rating Company Limited assigned the trust an initial developmental REIT rating of RFR2++(dr) with a Stable outlook, reflecting robust sponsor support, low debt dependency, and steady progression in civil construction and substructure execution milestones.