Barwa Real Estate Company reported a net profit attributable to shareholders of QR588 million for the first nine months of 2026, with earnings per share of QR0.151.
Excluding gains and losses from the revaluation of investment properties, the Qatari developer’s net profit rose 45% to QR605 million from QR417 million a year earlier, the company said in a statement carried by Gulf Times.
Revenue from rentals, consultancy services, property sales and other operating activities rose 14% to QR1.567 billion from QR1.379 billion.
Finance costs fell by QR35 million, or 7%, from the same period of 2025.
Fair value changes on investment properties produced a loss of about QR12.4 million in the nine months, compared with a gain of QR371.6 million a year earlier, CNBC Arabia reported. Third-quarter net profit fell 43.7% from a year earlier to QR128.4 million, it said.
Rental income rose almost 10% to QR1.2 billion in the nine months, while net rental income increased 12.6% to QR974.3 million, according to CNBC Arabia.
Total assets stood at QR37.3 billion at the end of September, and equity attributable to shareholders was QR22.7 billion.
During the period, Barwa sold a land plot in the Jabal Thuaileb area of Lusail and several service plots in Mesaimeer as part of a plan to exit assets that do not generate income. It also opened registration of interest for Barwa Bay, a new luxury residential project in Lusail.
