Colombo stocks opened higher with the ASPI up 0.12% (25.16 pts) to 21,048.59 and the S&P SL20 up 0.20% to 5,936.69; market turnover was LKR 139.24m. Top contributors included Haycarb, Melstacorp, Hayleys, Commercial Bank and HNB while Access Engineering, Vallibel One, DFCC Bank and RIL Property lagged; WindForce said it will commission a 10MW/40MWh BESS and a 5MW floating solar plant on Sept 18, 2026, taking its renewables capacity to about 268 MW.
Property & Construction · Real Estate Development
R I L Property PLC is a commercial real estate company focused on the development, ownership and management of Grade “A” office space in Colombo’s Central Business District, led by its flagship property, PARKLAND.
RIL shares are down 36.7% over the past year and last closed at Rs 22.10 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.6 | -7.4 | -22.6 | +9.1 | -5.1 | +8.4 | -16.2 | +2.1 | -7.0 | +0.0 | +0.0 | +0.0 |
| 2025 | +25.0 | -3.1 | -1.3 | +3.9 | +32.7 | +1.9 | +40.5 | -4.0 | +27.2 | -7.6 | +3.8 | -9.0 |
| 2024 | -2.0 | +6.0 | +18.9 | +19.0 | +2.7 | +3.9 | -10.0 | -9.7 | +18.5 | +2.6 | +25.3 | +29.3 |
| 2023 | -1.7 | -5.3 | +0.0 | -3.7 | -7.7 | +8.3 | +28.8 | -1.5 | -3.0 | -12.5 | -8.9 | +0.0 |
| 2022 | -2.8 | -25.9 | -35.9 | -18.2 | +31.5 | -15.5 | +1.7 | +29.5 | -11.4 | -11.4 | -4.8 | -1.7 |
| 2021 | -8.1 | -13.9 | -7.4 | -1.6 | +8.1 | +3.0 | +26.1 | -13.8 | +13.3 | +2.4 | +60.9 | +2.1 |
| 2020 | -6.7 | -5.4 | -28.3 | +0.0 | +0.0 | -4.3 | +0.0 | -2.2 | +43.2 | +20.6 | +18.4 | -4.4 |
| 2019 | -7.2 | +1.6 | -1.5 | -3.1 | +0.0 | -3.2 | +5.0 | +0.0 | -4.8 | +0.0 | -1.7 | +1.7 |
| 2018 | -2.7 | +4.2 | -2.7 | +2.7 | +2.7 | -5.2 | +1.4 | -2.7 | -1.4 | -1.4 | +0.0 | -1.4 |
| 2017 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | -4.8 | -1.2 | -2.5 | -3.9 | -1.4 | +1.4 |
| Average | +0.4 | -5.5 | -9.0 | +1.0 | +8.1 | -0.3 | +7.2 | -0.4 | +7.2 | -1.2 | +10.2 | +2.0 |
| 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 | -2.7 | -5.3 | -2.7 | +0.6 | +2.7 | +0.9 | +1.5 | -1.9 | -2.0 | -1.4 | +0.0 | +0.0 |
| % up | 22% | 33% | 11% | 50% | 63% | 50% | 60% | 20% | 40% | 33% | 44% | 44% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 55.8B +279.2% | Rs 14.7B +2.6% | Rs 14.4B +11.3% | Rs 12.9B -10.8% | Rs 14.4B -0.3% | Rs 14.5B +29.0% | Rs 11.2B -19.5% | Rs 14.0B +211.5% |
| Operating profit | Rs 9.3B +303.2% | Rs 2.3B -3.3% | Rs 2.4B +27.1% | Rs 1.9B +7.1% | Rs 1.8B +37.4% | Rs 1.3B +0.6% | Rs 1.3B -37.9% | Rs 2.0B -18.0% |
| Net profit | Rs 7.6B +399.8% | Rs 1.5B +107.9% | Rs 732.6M turned profitable | Rs -770.1M fell into loss | Rs 796.3M -9.5% | Rs 879.7M +126.5% | Rs 388.5M -65.3% | Rs 1.1B -70.1% |
| EPS | 6.10 +246.6% | 1.76 +69.2% | 1.04 | -0.73 | 0.86 -20.4% | 1.08 +46.0% | 0.74 -35.7% | 1.15 -81.2% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2026 · first and finalRs 1.00
- 2025 · first and finalRs 0.55
- 2024 · first and finalRs 0.20
- 2022 · first and finalRs 0.20
- 2021 · finalRs 0.15
- 2021 · first interimRs 0.10
- 2019 · first and finalRs 0.15
- 2018Rs 0.10
| # | 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 · this company | 22.10 | Rs 17.7B | 3.4 | 0.69 | 6.50 | 20.17% | 4.52% |
| 3 | ASCO.N0000 | 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 | 285.25 | Rs 7.3B | 10.5 | 0.95 | 27.26 | 10.26% | 0.70% |
| 7 | ONAL.N0000 | 43.40 | Rs 4.0B | 3.2 | 0.85 | 13.37 | 26.23% | 5.53% |
| Peer median · 6 companies | - | - | 10.0 | 0.97 | - | - | 0.35% |
About RIL Property Plc
R I L Property PLC is a commercial real estate company focused on the development, ownership and management of Grade “A” office space in Colombo’s Central Business District, led by its flagship property, PARKLAND. Its developments incorporate energy-efficiency and sustainability features and the Company offers integrated real estate and facilities management solutions across company-owned and third-party properties through its wholly owned subsidiaries PARKLAND Integrated Solutions (Pvt) Ltd and PARKLAND Solutions (Pvt) Ltd. The Group includes subsidiaries across complementary sectors, with United Motors Lanka PLC operating as the automotive arm distributing Mitsubishi passenger and Fuso commercial vehicles and expanding into electric and hybrid vehicle offerings, and Panasian Power PLC developing and operating renewable energy projects, including utility-scale solar capacity. The Group also holds strategic investments such as R-E-D Capital Asia (Pvt) Ltd. Operations are concentrated in Sri Lanka with a core focus on Colombo, and the Company is positioning its business toward technology-enabled, service-led and sustainability-driven offerings, including co-working and enhanced facilities management services to address evolving tenant requirements.
AI analysis
bullishRIL’s June quarter delivered its best same-quarter operating margin in six filings at 12.8%, while cash conversion remains weak.
Read the full report (Aug 16, 2026) →News sentiment
Describes news flow, not a forecast2 articles in 30 days: 0 positive, 2 negative, 0 neutral.
The ASPI fell 0.52% (109.98 pts) to 21,023.43, hitting a 23-week low as selling driven by concerns over rising interest rates and sustained crude above $100 pressured the market. Top drags included Melstacorp, Dialog, Hayleys, Ceylon Beverage and RIL while foreigners were net sellers of ~Rs.213m; turnover ~Rs.1.3bn.
Colombo market slipped 0.61% to a six-week low as the ASPI closed at 21,133.41 amid rising oil prices and fears of an interest-rate hike; 172 counters fell, turnover was over Rs.1.6bn and foreign investors were net sellers of Rs.8m.
DFCC Bank's 2026/2031 Tier-2 debenture issue was oversubscribed with 117 applications for 147,682,500 debentures valued at 14.768 billion rupees, above the 12.50 billion rupee target. Colombo indices were modestly higher (ASPI +0.14% at 21,162.87; S&P SL20 +0.05% at 5,950.18) with turnover of 43.57 million rupees.
Colombo Stock Exchange closed down as the ASPI fell 0.58% to 21,139.31, with market turnover at 1.63 billion rupees. Food, Beverage & Tobacco led turnover at 782.3 million rupees; notable movers included Namunukula, Pan Asia Bank and Ceylon Cold Stores (up) and John Keells, Melstacorp, RIL Property and Cargills (down); Hunas Holdings entered a partnership with Tokyo-based CCH Inc for its real estate and hospitality businesses effective Sept 14.
Colombo Stock Exchange recovered after a morning dip, with the ASPI at 21,379.02 (up 3.72 points) and the S&P SL20 at 6,005.49. Market turnover was 42.1 million rupees; notable movers included gains for Commercial Bank, Hatton National Bank and RIL Property, and declines for LOLC Holdings, Hayleys and Dialog Axiata.
Colombo Stock Exchange indices fell on Friday, with the ASPI down 0.23% (48.25 points) to 21,309.49 and the S&P SL20 down 0.03% to 6,002.36 on turnover of Rs221.65 million. Top negatives included Melstacorp, Sampath Bank, Royal Ceramics and Ceylon Tobacco; Ramboda Falls announced a Rs0.50 interim dividend (XD Sept 21).
Colombo Stock Exchange closed lower, the ASPI fell 0.44% (−93.55 points) to 21,372.45 with market turnover at LKR 1.45 billion and banks leading turnover at LKR 600.63 million. Senthilverl Holdings bought 750,000 shares of Sarvodaya Development Finance, raising its stake to 10.28% (SDF shares LKR 39.60, down 3.41%).
Colombo Stock Exchange was marginally higher at midday: ASPI +0.08% (up 17.12 pts) to 21,559.35 and S&P SL20 +0.02% to 6,055.99. Market turnover was Rs125.6m led by retailing; Lake House (LPRT) announced a Rs4.00/share final dividend and its shares rose 5.68%.
Colombo Stock Exchange's ASPI rose 1.42% (304.53 pts) over the week while the S&P SL20 gained 0.89% (53.58 pts), with intraday strength led by DIAL, HAYL, RIL, CCS and DOCK. Market turnover exceeded Rs.2.6bn and foreign investors were net sellers of Rs.66.9m.
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.