Title: UH Real Estate Investment Trust Rises 27% in March Amid Strong Financial Performance
UH Real Estate Investment Trust (UH REIT) has recorded significant growth in the Nigerian stock market, rising 27% month-to-date to surpass N55 as of market open on March 21, 2025.
The surge follows the release of the trust’s 2024 financial report, which showed a pre-tax profit of N1 billion, marking a 54.6% increase from N698.5 million in the previous year.
Financial Performance
UH Real Estate reported a total income of N1.2 billion, reflecting a 43.37% growth compared to N884.2 million in the prior year.
Key highlights from the report include:
- Rental income: N618.9 million
- Sundry income: N335.4 million
- Interest income: N313.4 million
- Operating expenses: N221.7 million (a slight increase from N207.4 million)
Additionally, the trust’s cash and cash equivalents grew to N2 billion, up from N1.3 billion, with treasury bills making up N1.9 billion of the total.
The valuation of investment properties stood at N9.2 billion.
Stock Market Performance
UH REIT’s bullish trend started in February, when the stock surged from N36.60 to N44.70, reflecting a 20.9% increase with a market volume of 572.7 million shares after months of inactivity.
The positive momentum continued into March, with UH REIT rising from its opening price of N44.70 to N56.90 as of March 21.
The trust has recorded a market volume of 2.7 million shares this month, maintaining its strong performance.
About UH Real Estate Investment Trust
UH REIT is a Nigerian real estate investment fund focused on delivering returns to investors through a diversified property portfolio.
The fund holds a mix of residential and commercial properties primarily in Lagos and Abuja, with plans to expand into other cities.
Listed on the Nigerian Stock Exchange (NSE) in 2008, UH REIT began operations in 2009 with an initial net asset value of N12.876 billion.
As the real estate market continues to grow, investors are closely watching UH REIT’s strong financials and market performance, signaling a promising outlook for the fund.
