Corporate NewsConstruction & Real Estate

šŸ“ˆ Overseas Realty Posts Rs. 6.9 Bn PBT in 9M 2026

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Overseas Realty (Ceylon) PLC reported strong financial resilience for the nine months ending 30 September 2026, driven by high occupancy and rental gains across its real estate portfolio. • Key Financial Highlights: • Group Revenue: US$ 33.8 Mn (Rs. 10.15 Bn), up 13% YoY. • Group Profit Before Tax (PBT): Rs. 6.9 Bn. • Fair Value Gain: Rs. 1.1 Bn from investment properties (vs. Rs. 2.3 Bn in 9M 2025). • Earnings Per Share (EPS): Rs. 5.12. • Net Asset Value Per Share: Rs. 56.32 as of 30 Sept 2026. • Revenue Breakdown by Segment: • World Trade Center, Colombo: Rs. 2.7 Bn (+28% YoY), spurred by increased occupancy and higher rental rates. • Mireka Tower: Rs. 3.4 Bn (+70% YoY). • Havelock City Mall: Rs. 1.9 Bn (+21% YoY). • Havelock City Apartments: Rs. 990 Mn (down YoY due to limited remaining inventory). • Project Updates: • Mireka Seascape: 168-unit luxury apartment/villa development on the southern coast completed piling in Sept 2026; main construction awarded to Sunken Construction in Oct 2026. • Havelock City Residences: Launched as the fifth and final phase of the 18-acre integrated mixed-use project.

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