TPL Properties
{{short description|Pakistani real estate company}}
{{Use British English|date=July 2023}}
{{Use dmy dates|date=July 2023}}
{{Infobox company
| name = TPL Properties
| logo = TPL Properties - Logo.png
| logo_size =
| type = Public
| traded_as = {{karse|TPLP}}
| ISIN = {{ISIN|sl=n|pl=y|PK0110601017}}
| foundation = {{start date and age|2007}}
| industry = Real Estate
| hq_location_city = Karachi
| hq_location_country = Pakistan
| area_served = Pakistan
| key_people = {{ubl|Ali Jameel (CEO)|Jameel Yusuf S.St (chairman)}}
| products =
| revenue = {{Decrease}} {{PKRConvert|5.508|b}}
| revenue_year = 2023
| operating_income = {{Decrease}} {{PKRConvert|4.29|b}}
| income_year = 2023
| net_income = {{Decrease}} {{PKRConvert|2.966|b}}
| net_income_year = 2023
| equity = {{Increase}} {{PKRConvert|13.594|b}}
| equity_year = 2023
| assets = {{Increase}} {{PKRConvert|19.118|b}}
| assets_year = 2023
| num_employees = 21
| num_employees_year = 2023
| subsid = {{ubl|TPL Property Management|TPL Developments|TPL Logistic Park|TPL Technology Zone Phase-I|TPL REIT}}
| footnotes = Financials {{as of|2023|6|30|lc=y}} {{cite web|title=TPL Property Annual Report 2023|url=https://tplproperty.com/wp-content/uploads/2023/09/TPL-Properties-Annual-Report-2022-2023.pdf|website=tplproperty.com|access-date=30 November 2023}}
| website = {{URL|tplproperty.com}}
}}
TPL Properties Limited is a Pakistani real estate company headquartered in Karachi.{{cite news |title=TPLP - Stock quote for TPL Properties Limited |url= https://dps.psx.com.pk/company/TPLP |access-date=9 July 2023 |work=Pakistan Stock Exchange (PSX)}}
History
Founded in 2007, TPL Properties is engaged in investing, purchasing, along with development of real estate including residential and commercial buildings. The company also sells, rents out, or disposes off the real estate.{{cite news |title=TPL Properties Limited |url=https://www.brecorder.com/news/40233597 |access-date=9 July 2023 |work=Business Recorder |date=27 March 2023 |language=en}}
In 2016, TPL Properties changed its status from a private limited company to a public company and was listed on the Pakistan Stock Exchange, following an initial public offering at a strike price of PKR 12.50.{{cite web | url=https://tribune.com.pk/story/1131507/tpl-properties-book-building-process-ipo-raises-rs696-8-million | title=TPL Properties: Book-building process for IPO raises Rs696.8 million | date=27 June 2016 }}{{cite news |title=TPL-TASC consortium nears acquisition of Pakistan's largest telecom infrastructure |url=https://profit.pakistantoday.com.pk/2022/12/20/tpl-tasc-consortium-nears-acquisition-of-pakistans-largest-telecom-infrastructure/ |access-date=9 July 2023 |work=Profit by Pakistan Today |date=20 December 2022 |language=en}}
In December 2022, TPL REIT Management Company Limited (TPLRMC) jointly partnered with UAE-based TASC Towers to acquire a portfolio of 10,500 telecom towers in Pakistan.
Subsidiaries
- TPL Property Management{{cite news |last1=Siddiqui |first1=Salman |title=10,500 telecom towers to be outsourced |url=https://tribune.com.pk/story/2392035/10500-telecom-towers-to-be-outsourced |access-date=9 July 2023 |work=The Express Tribune |date=21 December 2022 |language=en}}
- TPL Developments
- TPL Logistic Park
- TPL Technology Zone Phase-I
- TPL REIT
References
{{reflist}}
External links
- {{Official website|https://www.tplproperty.com}}
{{KSE 30}}
{{Portalbar|Business and economics|Pakistan|Company}}
Category:Pakistani companies established in 2007
Category:2016 initial public offerings
Category:Companies listed on the Pakistan Stock Exchange
Category:Companies based in Karachi
{{Pakistan-company-stub}}