GO Residential Real Estate Investment Trust

GOu.TO

Not Compliant
Exchange
Sector
Headquarters
Group
The Toronto Stock Exchange
Real Estate
United States of America

GO Residential Real Estate Investment Trust is not Shariah Compliant because it fails the financial ratios.

1.69%

Impure Income*

$0.022

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
#N/A%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth

Shariah Compliance

  • Updated on July 21, 2026
Debt
100%
✗
Non-Compliant Assets
0.41%
✓
Impure Income
1.69%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
✗
Impure Income
1.69%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
✗
Impure Income
1.69%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
50.3%
✗
Cash
6.89%
✓
Cash & AR
7.08%
✓
Impure Income
1.69%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
50.3%
✗
Cash
6.89%
✓
Cash & AR
7.08%
✓
Impure Income
1.69%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
1.69%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

GO Residential Real Estate Investment Trust is an internally managed, open-ended real estate investment trust. The Company has been formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties (LHRs) located in the New York metropolitan area and other metropolitan cities in the United States. The primary objectives of the Company are to provide Unitholders with an opportunity to invest in a portfolio of LHRs located in the Acquisition Areas; provide Unitholders with predictable, sustainable and growing cash distributions; enhance the value of the REIT’s portfolio and maximize the long-term value of the Units through proactive asset and property management, disciplined capital management and value-add investment opportunities, and expand the asset base of the REIT in the Acquisition Areas through acquisitions that are expected to be accretive to the REIT’s net asset value and AFFO per Unit. It will own and operate a portfolio of five LHRs.