UH Actual Property Funding climbs 27% month-to-date within the Nigerian inventory market, surpasses N55
UH Actual Property Funding Belief has skilled development within the Nigerian inventory market this March, rising 27% month-to-date to surpass N55, as of market open on the twenty first.
The funding belief lately launched its {financial} report for the total yr of 2024, revealing a pre-tax revenue of N1 billion, which marks a 54.6% enhance from final yr’s N698.5 million.
UH Actual Property additionally reported a complete earnings of N1.2 billion, up 43.37% from the earlier yr’s N884.2 million.
The belief’s money and money equivalents reached N2 billion, up from N1.3 billion reported final yr, whereas funding properties have been valued at N9.2 billion.
To date in March, the belief has continued its upward development, recording a market quantity of N2.7 million and sustaining the bullish momentum that started the earlier month.
Market development
The bullish worth motion for UH Actual Property Funding Belief within the Nigerian inventory market started in February at N36.60, surging by 20.90% with a market quantity of 572.7 million after months of inactivity.
This constructive momentum continued into March, with the belief climbing from a gap worth of N44.70 to surpass N55. As of the market open on March 21, 2025, UH is buying and selling at N56.90.
Efficiency
The funding belief’s {financial} report for the total yr of 2024 highlights a complete earnings of N1.2 billion, representing a 43.37% enhance from N884.2 million within the earlier yr.
- Rental earnings accounted for almost all at N618.9 million, adopted by sundry earnings at N335.4 million and curiosity earnings at N313.4 million.
Nonetheless, working bills noticed a slight rise to N221.7 million, up from N207.4 million the yr earlier than.
- The belief’s revenue earlier than tax surged to N1 billion, a 54.56% enhance in comparison with N698.5 million within the prior yr.
- Moreover, money and money equivalents climbed to N2 billion from N1.3 billion, with treasury payments comprising N1.9 billion of the entire.
What to know
- UH Actual Property Funding is a Nigerian actual property belief fund targeted on offering returns to its traders by a diversified portfolio.
- The UH REIT holds a mixture of residential and industrial properties primarily positioned in Lagos and Abuja, with intentions to discover alternatives in different Nigerian cities sooner or later.
- The fund was listed on the Nigeria Inventory Alternate (NSE) in 2008 and started operations in February 2009, beginning with a web asset worth of N12.876 billion.
