Dolmen City REIT

Dolmen City REIT maintains a highly conservative capital structure characterized by zero long-term debt and a debt-to-equity ratio of 0.0. The balance sheet reflects total assets of 77.46 billion PKR against total liabilities of 0.95 billion PKR, resulting in total equity of 76.51 billion PKR. This low leverage profile supports a current ratio of 2.85, indicating strong short-term liquidity coverage despite the risk assessment noting low liquidity risk. The absence of debt eliminates interest expense volatility, allowing operating income to flow directly to the bottom line.

Profitability metrics demonstrate efficient asset utilization, with a return on equity (ROE) of 12.99% and a return on assets (ROA) of 12.83%. The company reported net income of 7.99 billion PKR on revenue of 5.87 billion PKR, suggesting that net income includes significant non-operating gains or other comprehensive income items beyond standard operating margins. Gross profit stands at 5.50 billion PKR, yielding a gross margin of approximately 93.6%, which is typical for REITs where cost of goods sold is minimal compared to service-based industries. Operating income of 4.70 billion PKR indicates strong core operational performance before non-operating items.