Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Tigere REIT
On this page
Company details
- Legal name
- Tigere Real Estate Investment Trust
- Listing
- TIG.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009030017 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · published summary of audited statements, signed / final · source
Read with these figures
- Summary financial statements. FY2025 figures come from a published summary of the audited statements, not the full statements.
Full wording and sources
2025, 2024: figures from a published summary
These columns come from a summary of the audited statements, not the full audited financial statements. 'The abridged financial results should be read in conjunction with the complete set of financial statements of Tigere Real Estate Investment Trust for the year ended 31 December 2025, which have been audited by PKF Chartered Accountants (Zimbabwe)' (note 2.4, p1); the auditor's report says the abridged statements 'are derived from the audited financial statements' (p2) 'REPORT OF THE INDEPENDENT AUDITOR ON THE ABRIDGED FINANCIAL STATEMENTS To the Trustee of Tigere Real Estate Investment Trust': 'In our opinion, the accompanying abridged financial statements are consistent, in all material respects, with the audited financial statements, in accordance with the requirements of the Zimbabwe Stock Exchange Listings Requirements and the requirements of the Companies and Other Entities Act (Chapter 24:31).' 'We expressed an unmodified audit opinion on the audited financial statements in our report dated 18 February 2026' (PDF p2); ISA 810 (Revised) (p3). Signed PKF, per Sydney Bvurere, dated 18 February 2026 (p3). Statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows (with non-cash adjustments and working-capital lines) and notes 1-13 (p1). No income tax, finance cost or 'profit for the year' line is printed in the statement of comprehensive income.
Source: GENERAL PURPOSE AUDITED ABRIDGED FINANCIAL STATEMENTS for the year ended 31 December 2025 (dated 2026-02-18)
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Rental Revenue
USD 2.64 million
2,643,756 USD units · p1
+58.8% vs 2024
Tigere prints 'Rental Revenue' as its top line: shown under that label.
-
Operating profit / (loss)
Not reported in this filing
-
Profit / (loss) for the year
Not reported in this filing
-
Total assets
USD 60.2 million
60,246,204 USD units · p1
+67.1% vs 2024
-
Total equity
USD 59.5 million
59,489,654 USD units · p1
+74.8% vs 2024
-
Cash from operations
USD 2.65 million
2,653,794 USD units · p1
+97.7% vs 2024
Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD units unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — published summary of audited statements (summary), signed / final; reported for the year · source
- FY2024 — published summary of audited statements (summary), signed / final; comparative in the FY2025 filing · source
- 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The abridged financial results should be read in conjunction with the complete set of financial statements of Tigere Real Estate Investment Trust for the year ended 31 December 2025, which have been audited by PKF Chartered Accountants (Zimbabwe)' (note 2.4, p1); the auditor's report says the abridged statements 'are derived from the audited financial statements' (p2) 'REPORT OF THE INDEPENDENT AUDITOR ON THE ABRIDGED FINANCIAL STATEMENTS To the Trustee of Tigere Real Estate Investment Trust': 'In our opinion, the accompanying abridged financial statements are consistent, in all material respects, with the audited financial statements, in accordance with the requirements of the Zimbabwe Stock Exchange Listings Requirements and the requirements of the Companies and Other Entities Act (Chapter 24:31).' 'We expressed an unmodified audit opinion on the audited financial statements in our report dated 18 February 2026' (PDF p2); ISA 810 (Revised) (p3). Signed PKF, per Sydney Bvurere, dated 18 February 2026 (p3). Statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows (with non-cash adjustments and working-capital lines) and notes 1-13 (p1). No income tax, finance cost or 'profit for the year' line is printed in the statement of comprehensive income.
Income statement
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Rental Revenue1 | 2,643,756 | 1,664,644 |
| Utilities Income2 | 772,893 | 429,558 |
| Direct Property Expenses3 | (689,851) | (403,674) |
| Net Property Income4 | 2,726,797 | 1,690,528 |
| Other Income | 41,620 | 27,600 |
| Total Income5 | 2,768,417 | 1,718,128 |
| Total Operating Expenses6 | (456,784) | (399,134) |
| movements and fair value adjustments7 | 2,311,634 | 1,318,994 |
| Fair Value Adjustments8 | 365,685 | 37,637 |
| Exchange Movements9 | (961) | (8,799) |
| Total Comprehensive Income | 2,676,358 | 1,347,832 |
Notes and alternative reported figures (9)
- “Rental Revenue” is an issuer-specific line, not mapped to a shared definition: Note 3: rental income from investment properties.
- “Utilities Income” is an issuer-specific line, not mapped to a shared definition: Recoveries of utilities from tenants.
- “Direct Property Expenses” is an issuer-specific line, not mapped to a shared definition: Property operating costs.
- “Net Property Income” is an issuer-specific line, not mapped to a shared definition: Rental revenue and utilities income less direct property expenses.
- “Total Income” is an issuer-specific line, not mapped to a shared definition: Net property income plus other income.
- “Total Operating Expenses” is an issuer-specific line, not mapped to a shared definition: Note 4: trustee, asset manager, permits, marketing, audit and other fees.
- “movements and fair value adjustments” is an issuer-specific line, not mapped to a shared definition: Total income less operating expenses, before fair value adjustments and exchange movements.
- “Fair Value Adjustments” is an issuer-specific line, not mapped to a shared definition: Note 5: fair value gain on investment property.
- “Exchange Movements” is an issuer-specific line, not mapped to a shared definition: Exchange losses.
Balance sheet
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Non- Current Assets | 58,425,636 | 33,277,798 |
| Investment Properties | 58,410,000 | 33,260,000 |
| Property, Plant and Equipment | 15,636 | 17,798 |
| Current Assets | 1,820,568 | 2,771,393 |
| Trade and Other Receivables | 70,547 | 145,575 |
| Cash and Cash Equivalents | 1,750,021 | 1,055,016 |
| Value Added Tax Asset1 | –2 | 1,570,802 |
| Total Assets | 60,246,204 | 36,049,191 |
| Unitholder’s Equity | 59,489,654 | 34,033,603 |
| Stated Capital | 58,175,310 | 33,394,810 |
| Retained Earnings | 1,314,344 | 638,793 |
| Current Liabilities | 657,769 | 391,838 |
| Trade and Other Payables | 657,617 | 391,838 |
| Lease Liability-Current Portion | 152 | –3 |
| Long Term Liabilities | 98,781 | 1,623,750 |
| Value Added Tax Loan4 | –5 | 1,623,750 |
| Lease Liability-Non Current Portion | 98,781 | –5 |
| Total Liabilities | 756,550 | 2,015,588 |
| Total Equity and Liabilities | 60,246,204 | 36,049,191 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
- Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (2)
- “Value Added Tax Asset” is an issuer-specific line, not mapped to a shared definition: Current asset (2024 only).
- “Value Added Tax Loan” is an issuer-specific line, not mapped to a shared definition: Long term liability (2024 only).
Cash flow
| Line (as printed) | FY2025Published summary of audited statements (summary)reported for the year | FY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations |
|---|---|---|
| Profit after adjustment of non-cash items1 | 2,318,834 | 1,314,129 |
| Cash generated from operations2 | 2,653,794 | 1,342,648 |
| Expenditure on investment property3 | (24,784,315) | (10,862,363) |
| Net cash used in investing activities | (24,784,315) | (10,862,363) |
| Issue of Units4 | 24,780,500 | 11,294,810 |
| Dividend paid | (2,000,807) | (1,155,987) |
| Value added tax loan5 | (1,623,750) | 1,623,750 |
| Value added tax asset6 | 1,570,802 | (1,570,802) |
| Lease Liabilities7 | 98,781 | –8 |
| Net cash used in financing activities | 22,825,526 | 10,191,771 |
| Total cash movement for the period | 695,005 | 672,056 |
| Opening cash and cash equivalents | 1,055,016 | 382,960 |
| Closing cash and cash equivalents | 1,750,021 | 1,055,016 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (7)
- “Profit after adjustment of non-cash items” is an issuer-specific line, not mapped to a shared definition: Indirect method subtotal before working capital changes.
- “Cash generated from operations”: mapping to a shared definition is uncertain. Printed 'Cash generated from operations'; no interest or tax lines follow, and it is the operating total that the 'Total cash movement for the period' adds to the investing and financing totals.
- “Expenditure on investment property”: mapping to a shared definition is uncertain. Acquisitions of investment property (note 5 additions), not property, plant and equipment.
- “Issue of Units” is an issuer-specific line, not mapped to a shared definition: Financing activities: units issued for cash.
- “Value added tax loan” is an issuer-specific line, not mapped to a shared definition: Financing activities.
- “Value added tax asset” is an issuer-specific line, not mapped to a shared definition: Classified by the trust in financing activities.
- “Lease Liabilities” is an issuer-specific line, not mapped to a shared definition: Financing activities: printed as an inflow (98 781) in 2025.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividend paid |
(2,000,807) | USD units | Summary statements, p1 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividend paid |
(1,155,987) | USD units | Summary statements, p1 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
GENERAL PURPOSE AUDITED ABRIDGED FINANCIAL STATEMENTS for the year ended 31 December 2025
Year ended 31 December 2025 · Published summary of audited statements (summary) · signed / final
Audit: PKF Chartered Accountants (Zimbabwe), unmodified opinion · signed
Auditor's sign-off: PKF Chartered Accountants (Zimbabwe), per Sydney Bvurere, Engagement Partner (PAAB 0209)
Final status: PKF Chartered Accountants (Zimbabwe)'s 'Report of the independent auditor on the abridged financial statements' to the Trustee (ISA 810 (Revised)), opinion that the abridged financial statements are consistent in all material respects with the audited financial statements (PDF p2), closed with a handwritten 'PKF' signature above the firm name, 'Per: Sydney Bvurere, Engagement Partner, PAAB Practicing number 0209', 'Date: 18 FEBRUARY 2026' (PDF p3, page image). The trustee's statement says the financial statements were authorised for issue on 18 February 2026, with a handwritten signature on behalf of the Trustee (Robert Mutakwa) (PDF p1, page image).
- Document date
- 18 Feb 2026
- Published
- 23 Feb 2026
- Auditor's report
- 18 Feb 2026
- Board approval
- 18 Feb 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- company statements · USD units (printed “US$”)
- Subtotals for non-current assets, current assets, unitholders' equity, current liabilities and long term liabilities are printed on their heading rows (p1). Trade and other payables (657 617) and the current lease liability (152) add to the current liabilities of 657 769; note 9 shows 657 769 as trade and other payables including the lease portion. The VAT asset is shown on the balance sheet with note 7 and its movement in financing activities.
- 'REPORT OF THE INDEPENDENT AUDITOR ON THE ABRIDGED FINANCIAL STATEMENTS To the Trustee of Tigere Real Estate Investment Trust': 'In our opinion, the accompanying abridged financial statements are consistent, in all material respects, with the audited financial statements, in accordance with the requirements of the Zimbabwe Stock Exchange Listings Requirements and the requirements of the Companies and Other Entities Act (Chapter 24:31).' 'We expressed an unmodified audit opinion on the audited financial statements in our report dated 18 February 2026' (PDF p2); ISA 810 (Revised) (p3). Signed PKF, per Sydney Bvurere, dated 18 February 2026 (p3).
- Statement of comprehensive income, statement of financial position, statement of changes in equity, statement of cash flows (with non-cash adjustments and working-capital lines) and notes 1-13 (p1). No income tax, finance cost or 'profit for the year' line is printed in the statement of comprehensive income.
Technical details
- File
- 3 pages, with a text layer
- SHA-256
9cfcf8ac4bbf09b215daede6802c2b25462a629b1014b5a304000216aa7ed2a6- Entity as printed
- Tigere Real Estate Investment Trust (Incorporated as a Trust in Zimbabwe and registered with Deed number MA1675/2022)
- Exchange copy
- retrieved 2026-10-08T18:04:17Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
Download
Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.