UH Real Estate Investment Trust opened 2025 with steady operations and delivered a remarkable performance.
Consequently, it pushed total comprehensive income to ₦18.2 billion from ₦1.045 billion, showing strong annual growth momentum.
Strong Income Growth
A key driver included a ₦16.4 billion revaluation gain, as property values rose across its portfolio.
This gain transformed results and showed how appreciation can significantly boost real estate investment performance.
Meanwhile, core operations stayed stable and generated consistent income throughout the year.
Investment income rose 9% to ₦1.3 billion, as rental activity supported stronger performance across assets.
Rental income contributed ₦723.5 million, and it formed more than half of total investment income.
In addition, interest income added ₦357.8 million, while property disposals contributed ₦307.1 million to earnings.
Furthermore, other minor income sources added ₦4.3 million, and this completed a diversified revenue structure.
Operating expenses increased modestly to ₦246 million from ₦220.5 million, as operations expanded steadily.
Notably, management fees accounted for the largest share, reaching ₦107.6 million within total expenses.
Afterwards, the Trust increased net realised income to ₦1.14 billion, compared with ₦1.05 billion previously.
Also, a minimal tax charge of ₦25,000 kept net income after tax stable at ₦1.14 billion.
Additionally, other income reached ₦625.4 million, as swap transactions drove gains during the period.
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Combined with property gains, these factors lifted total comprehensive income to ₦18.2 billion.
UH REIT Balance Sheet Strengthens
Total assets expanded to ₦29.1 billion from ₦12.6 billion, as growth strengthened the balance sheet.
Moreover, investment properties reached ₦26.2 billion, and they reinforced the Trust’s real estate strategy.
At the same time, the Trust reduced liabilities to ₦1.2 billion from ₦1.9 billion.
Therefore, it strengthened financial stability and improved overall resilience during the year.
Unitholders’ funds surged to ₦27.9 billion, and this reflected retained value and stronger equity positions.
As a result, earnings per unit rose sharply to ₦96.84 from ₦5.56, rewarding investors significantly.
Similarly, distributable earnings per unit increased to ₦6.10, improving returns to unitholders across the year.
Market Performance And Investor Sentiment
Although market reaction stayed gradual, investor confidence continued to build across the reporting period.
On the Nigerian Exchange, the stock gained 4.69% month-to-date, and it reached ₦72.50.
Finally, year-to-date performance remained strong, as shares rose 39.83% by March 30, 2026.
