UPDC Actual Property Funding Belief (REIT) has declared an interim dividend of N0.22 (22 kobo) per unit, payable to unitholders whose names seem on the register as of the shut of enterprise on August 29, 2025.
The announcement was disclosed in a discover filed with the Nigerian Alternate (NGX) and signed by Busola Jejelowo, Chief Government of Stanbic IBTC Asset Administration, the Trustee of the fund.
In keeping with the discharge, the dividend will probably be paid on September 4, 2025, and credited electronically to eligible unitholders who’ve accomplished their e-dividend registration.
UPDC REIT, listed on the NGX, is an funding car promoted by UPDC Plc. Following a restructuring in 2021, its models had been unbundled to shareholders, with UPDC retaining a 5% stake within the belief.
Thus far in 2025, the funding car has delivered a powerful efficiency within the Nigerian inventory market, aiming to match its 113% year-to-date return recorded in 2023.
Market pattern:
UPDC REIT started the 12 months buying and selling at N5.40 per unit and gained early momentum in January, closing February at N6.30.
The rally, nevertheless, was minimize quick in March as bearish sentiment dragged the value all the way down to N5.50.
From March via June, the unit worth moved in a whipsaw sample, alternating between positive factors and pullbacks.
- July marked a turning level, with the Belief surging 48% month-to-date, breaking above N9 and shutting at N9.35.
Regardless of a softer August, which has principally trended within the pink, the Belief nonetheless holds a strong year-to-date return of 58%.
This efficiency mirrors the power of UPDC Plc shares, which have soared 295.6% year-to-date, seemingly on the again of strong monetary outcomes.
Efficiency:
UPDC Plc posted a powerful first-half efficiency for the interval ended June 30, 2025, with income climbing to N6.4 billion, a 148% improve from N2.5 billion in the identical interval of 2024.
The group’s working revenue additionally improved considerably, reaching N1.1 billion in opposition to N70.7 million in the identical interval final 12 months.
Supported by N800.7 million in internet finance earnings, the group recorded a pre-tax revenue of N1.9 billion, representing a powerful 2,568% year-on-year progress.
The corporate maintained its share capital at 18,559,970 models, unchanged from 2024, whereas whole fairness grew 13% to N10.6 billion. Money and money equivalents additionally strengthened, rising 26% to N14.4 billion.
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