The Colombo ASPI fell 0.6% to 20,817.82, sliding to a six-month low as losers (163) outpaced winners (31) and turnover barely topped Rs.1bn. Top decliners and contributors to the drop included Dialog, Commercial Bank, Overseas Realty, Singer, Tokyo Cement and Ceylinco, while John Keells closed flat.
Property & Construction · Real Estate Development
Lanka Realty Investments PLC is an investment holding company operating in Sri Lanka that invests in and manages income-generating real estate and related businesses.
ASCO shares are up 80.9% over the past year and last closed at Rs 51.00 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +36.2 | +0.0 | -17.9 | +5.7 | +11.5 | +14.8 | -8.3 | +1.9 | -7.3 | +0.0 | +0.0 | +0.0 |
| 2025 | +10.1 | -13.2 | -9.1 | +0.0 | +5.8 | +7.9 | +84.7 | -2.0 | +13.7 | +29.8 | +5.5 | +0.8 |
| 2024 | -5.7 | +0.0 | +3.0 | +8.7 | +4.5 | -2.6 | -9.6 | -2.9 | +7.0 | +0.9 | -8.3 | +39.4 |
| 2023 | +21.0 | -8.3 | +16.2 | -11.6 | -7.0 | +8.5 | +15.7 | -4.5 | +0.8 | -11.7 | -5.3 | -0.9 |
| 2022 | -2.7 | -22.8 | -31.6 | +4.5 | -14.3 | +0.0 | +27.5 | +3.9 | -15.1 | -11.9 | -2.5 | -13.8 |
| 2021 | +1.1 | -12.9 | +20.3 | -14.4 | -7.6 | +11.5 | -5.7 | -1.5 | -7.7 | -0.7 | -2.7 | -10.0 |
| 2020 | -6.3 | -0.3 | +6.3 | +0.0 | +0.0 | -8.8 | -6.0 | -1.2 | +18.0 | -3.7 | -9.1 | +7.1 |
| 2019 | +3.2 | +7.5 | +0.0 | +1.2 | -13.0 | -3.7 | +12.6 | +54.5 | +11.1 | +6.0 | -15.1 | +0.8 |
| 2018 | +14.4 | -9.5 | -9.7 | -2.2 | -5.7 | -3.7 | -8.7 | -6.8 | -18.7 | +0.5 | -1.0 | +10.6 |
| 2017 | -9.4 | -9.6 | -9.1 | +25.2 | +2.8 | +3.0 | -5.6 | -11.8 | +22.0 | +35.2 | -1.0 | -16.1 |
| 2016 | +3.4 | -6.7 | -21.4 | +45.5 | -9.4 | +20.7 | +28.3 | -22.3 | +0.3 | -11.4 | -3.2 | +3.0 |
| 2015 | -45.3 | -4.0 | -27.9 | +19.4 | -1.6 | -0.7 | -4.8 | -7.3 | -11.1 | +0.3 | -6.3 | -6.5 |
| 2014 | +1.0 | -5.9 | -10.2 | -1.0 | -10.5 | +8.8 | -9.6 | -10.4 | +6.1 | -1.5 | -14.7 | +19.8 |
| 2013 | -10.7 | -17.4 | +15.4 | +6.2 | -7.2 | -12.8 | -9.2 | +7.7 | +1.4 | +3.0 | +0.3 | -3.5 |
| 2012 | +0.0 | +0.0 | +0.0 | +2.8 | -3.0 | +0.2 | -2.2 | +6.2 | -6.8 | -11.6 | -2.3 | +10.7 |
| Average | +0.7 | -7.4 | -5.4 | +6.4 | -3.9 | +2.9 | +6.6 | +0.2 | +0.9 | +1.7 | -4.7 | +3.0 |
| ASPI average | +3.1 | -2.7 | -4.7 | +2.0 | +0.2 | +0.8 | +3.1 | +2.2 | +3.2 | -0.1 | +1.0 | +3.0 |
| Median | +1.1 | -7.5 | -9.1 | +3.7 | -6.3 | +0.2 | -5.6 | -2.0 | +0.8 | -0.2 | -3.0 | +0.8 |
| % up | 57% | 7% | 36% | 64% | 29% | 53% | 33% | 33% | 60% | 50% | 14% | 57% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 1.3B +4.6% | Rs 1.2B +7.2% | Rs 1.1B -37.4% | Rs 1.8B +44.8% | Rs 1.2B +187.2% | Rs 431.9M +111.8% | Rs 203.9M +36.5% | Rs 149.4M +2.2% |
| Operating profit | Rs -153.7M | Rs 167.6M | Rs -24.7M | Rs -365.6M | Rs 126.6M | Rs -131.8M | Rs -108.5M | Rs -11.5M |
| Net profit | Rs 1.6B +956.1% | Rs 147.3M +727.9% | Rs 17.8M turned profitable | Rs -888.6M fell into loss | Rs 1.3B turned profitable | Rs -201.0M fell into loss | Rs 609.9M +16,658.3% | Rs 3.6M -98.5% |
| EPS | 3.82 | -0.45 | -1.22 | -4.98 | 4.54 | -1.02 | 4.48 +2,886.7% | 0.15 -99.2% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
No dividend records.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | OSEA.N0000 | 51.70 | Rs 64.3B | 7.6 | 0.95 | 6.81 | 12.47% | 3.38% |
| 2 | RIL.N0000 | 22.10 | Rs 17.7B | 3.4 | 0.69 | 6.50 | 20.17% | 4.52% |
| 3 | ASCO.N0000 · this company | 51.00 | Rs 10.8B | 9.6 | 0.99 | 5.32 | 7.58% | 0.00% |
| 4 | EAST.N0000 | 70.10 | Rs 9.7B | 15.8 | 2.85 | 4.44 | 7.25% | 0.00% |
| 5 | CLND.N0000 | 47.50 | Rs 9.5B | 51.1 | 1.09 | 0.93 | 2.15% | 0.00% |
| 6 | SHAW.N0000 · same group, not in the median | 285.25 | Rs 7.3B | 10.5 | 0.95 | 27.26 | 10.26% | 0.70% |
| 7 | ONAL.N0000 · same group, not in the median | 43.40 | Rs 4.0B | 3.2 | 0.85 | 13.37 | 26.23% | 5.53% |
| Peer median · 4 companies | - | - | 11.7 | 1.02 | - | - | 1.69% |
About Lanka Realty Investments PLC
Lanka Realty Investments PLC is an investment holding company operating in Sri Lanka that invests in and manages income-generating real estate and related businesses. The Group's activities focus on commercial and residential property ownership and asset management, boutique leisure hotels, and related manufacturing operations. The Company’s principal real estate assets include commercial properties such as HQ Colombo and Unity Plaza, residential developments including the Mulberry Residence project, and a leisure portfolio operating under the W15 brand (W15 Weligama and W15 Escape Ahangama, with developments such as W15 Yala and W15 Ambalangoda). The Group also operates a manufacturing business (Amtrad) producing concrete blocks and paving stones. LRI’s group structure includes several wholly owned subsidiaries (for example Lanka Realty Developments (Pvt) Ltd, Lanka Realty Leisure (Pvt) Ltd, Lanka Realty Ambalangoda (Pvt) Ltd, Almond Trees (Pvt) Ltd, ILook Villa (Pvt) Ltd, Thudella Holdings (Pvt) Ltd and Crown Resorts (Pvt) Ltd) through which it holds and operates its property and leisure assets across Sri Lanka.
AI analysis
neutralEvidence is balanced: June operating margin reached 24.9%, but near-term assets cover only 29 cents for every rupee due within a year. Much of the quarter's group profit belonged to minority shareholders.
Read the full report (Sep 25, 2026) →News sentiment
Describes news flow, not a forecastHigher than 11% of its last 9 months · 3 of 4 in its sector
3 articles in 30 days: 1 positive, 2 negative, 0 neutral.
Colombo stocks closed flat with the ASPI up 0.01% at 21,132.12 and market turnover of Rs 1.41 billion; banks led turnover at Rs 411.6 million and Food, Beverage & Tobacco followed with Rs 308.7 million. Notable movers included Melstacorp, HNB, Pan Asia, Central Finance and Aitken Spence; Lanka Realty Investments disclosed an Rs 800m related-party loan settlement.
Lanka Realty Investments PLC (ASCO.N0000) sold its 50.88% controlling stake in On'ally Holdings PLC (ONAL.N0000) to Lee Hedges PLC (SHAW.N0000) for about Rs.2.26 billion, unlocking capital and an estimated separate-company gain of ≈Rs.834.09m before costs. Lee Hedges gains Unity Plaza, boosting recurring rental income and scale.
Colombo Stock Exchange traded higher Thursday morning, with the ASPI up 29.70 points (0.14%) to 21,447.50 and market turnover of LKR 229 million, led by banks (LKR 74.9 million). Lanka Realty Investments received LKR 1.05 billion from Lee Hedges for the final balance on its 51% stake sale, and Asia Asset Finance announced a LKR 0.70 fixed non‑cumulative preference dividend per share.
Property & Construction sector: what is happening
Last 14 days to Sep 30, 2026Property and construction faced a mixed policy backdrop: the proposed property tax was deferred from the 2027 Budget, while TIN certification becomes mandatory from 1 November for building-plan approvals and land registration, adding a compliance step to transactions. Public construction activity progressed through the Muthurajawela fuel-terminal contract and planned hospital infrastructure projects. Construction services exports fell in August.
The stories behind it
Auto-generated from 12 sector news articles over 14 days. Not investment advice.