Tag: UPDC Real Estate Investment Trust

UPDC Real Estate Investment Trust reports profit after tax of N583.2 million in H1 2021.

Chidi Emenike Leave a comment

UPDC Real Estate Investment Trust released its unaudited results for the half year period ended 30th of June, 2021.

  • Income from investment property was N627 million. (-26% YoY)
  • Interest income of N159.2 million. (+3% YoY)
  • Net income for the period was N775.14 million. (-30% YoY)
  • Operating expenses totalled N86.9million. (-34% YoY)
  • Total assets during the period under review stood at N32.19 billion.
  • Profit after tax was N583.2 million. (-29% YoY)
  • Earnings per unit of 22 kobo Vs 31 kobo YoY.

See link to results.

2020 FY Results: UPDC Real Estate Investment Trust records over 500% growth in Profit after tax.

Chidi Emenike 1 Comment

UPDC Real Estate Investment Trust released its audited full-year results for the period ended 31st of December, 2020.

  • Total revenue for the period was N2.42 billion. (+2,279% YoY)
  • Rental Income was N1.5 7 billion. (-7.1% YoY)
  • Operating expenses totalled N480.5 million. (-11.5% YoY)
  • Profit after tax was N1.93 billion. (+530.1% YoY)
  • Earnings per unit of 72 kobo. (+523.5% YoY)

See link to results.