TPL Properties Ltd.
PPSX:TPLP11.28
PKR
-0.13
(-1.14%)
ISIN
PK0110601017
Return %
Stock
S&P 500
1Y
-0.09
14.20
3Y
-8.66
81.12
5Y
-55.02
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Muhammad Ali Jameel
- Full Time Employees
- 229
- Sector
- Finance
- Industry
- Real estate development
- Address
- Karachi Pakistan
- IPO Date
- Jun 28, 2016
- Website
- tplproperty.com
- Similar Companies
- Business
- TPL Properties Limited is a Pakistan-based real estate development, investment, and asset management company primarily engaged in the acquisition, development, construction, commercialization, and facility management of large-scale residential, commercial, and mixed-use real estate projects, as well as the structuring and management of real estate investment trusts. Founded in 2007 and headquartered in Karachi, Pakistan, the company operates as a core subsidiary of TPL Corp Limited, a diversified conglomerate. TPL Properties conducts its business through three primary operating segments: Real Estate Development, REIT Management, and Facility Management. The company provides a comprehensive portfolio of services and property assets, comprising master-planned mixed-use community developments; ultra-luxury high-rise residential construction; commercial office space planning and development; Shariah-compliant fund structuring, asset appraisal, and real estate investment trust administration through its wholly-owned subsidiary, TPL REIT Management Company Limited; project planning, construction management, and execution through TPL Developments (Private) Limited; and comprehensive property operations, building maintenance, technical facilities management, and tenant support services through TPL Property Management. The company's core asset portfolio includes The Mangrove, a 40-acre master-planned sustainable waterfront development in Korangi Creek, Karachi, featuring residential, commercial, retail, hospitality, and civic spaces alongside an ecological biodiversity park; One Hoshang, an ultra-luxury, LEED Gold-certified residential high-rise in Karachi integrating single-unit floor plates and heritage preservation; and Centrepoint, an iconic 28-storey corporate skyscraper in Karachi developed by the company and subsequently monetized to a leading commercial bank. In recent developments, TPL Properties has optimized its asset portfolio and capital structure under TPL REIT Fund I, Pakistan's first Shariah-compliant Development Impact Hybrid REIT. The company strategically relocated and integrated its planned technology zone infrastructure into the flagship Mangrove master development, while initiating the divestment of its standalone technology park land parcel to reinvest liquidity into active construction. Additionally, TPL Properties rebalanced its sponsor equity stake in TPL REIT Fund I from approximately 38% to 35% to expand institutional investor participation and unlock development capital, secured shareholder authorization for targeted equity allocations to support underlying projects, and advanced construction milestones across its premium residential and environmental infrastructure works.