PSX Company Profiles
What listed companies do, how they make money, key financials and Shariah status, researched by the PSX Investors Zone team.
2 of 170 companies matching “property development”
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Real Estate Investment Trust
Image REIT
Image REIT (PSX: IREIT) is a Shariah-compliant hybrid real estate investment trust listed on the Pakistan Stock Exchange in October 2025. Established under a trust deed dated July 1, 2022, the scheme is managed by Sinolink REIT Management Company Limited and holds commercial properties in Karachi, including properties around Shahrah-e-Faisal and Tipu Sultan Road. Its investment objective is to generate income through property rental and potentially through property development and sale. For FY2026, Image REIT reported profit of approximately Rs991.54 million, including a substantial unrealised gain from property revaluation. Investors should distinguish recurring rental income and distributable cash from accounting gains when evaluating its distributions and unit price.
Real Estate Development
Javedan Corporation Limited
Javedan Corporation Limited (PSX: JVDC) is a Pakistani real-estate development company incorporated in 1961 and listed on the Pakistan Stock Exchange. After discontinuing its cement business in 2010, the company shifted its focus toward developing its land holdings through Naya Nazimabad, a residential and mixed-use community in Karachi. Its FY2026 standalone financial results reported sales of approximately Rs9.744 billion, profit after taxation of Rs3.864 billion, and EPS of Rs10.14. The company was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. Investors should review its property-development cash flows, project execution, financial statements, dividend disclosures, and latest official Shariah screening before making investment decisions.