UH Real Estate Investment Trust (UHOMRE.ng), listed on the Nigerian Stock Exchange under the Property sector, has released its interim results for the half-year period ending June 30, 2024.
UHREIT, an actively-managed, close-ended Unit Trust Scheme, aims for long-term capital appreciation through strategic real estate investments. Established in 2008 and managed by Union Homes Savings & Loans Plc (a subsidiary of Union Bank of Nigeria Plc), the trust maintains a robust portfolio mix across commercial and residential properties, as well as mortgage assets.
Financial Highlights
- Indicative Share Trading Liquidity: Over the past 12 months, UHREIT has demonstrated a total indicative share trading liquidity of US$20.73K (NGN18.19M), averaging US$1.73K (NGN1.52M) per month.
- Portfolio Composition: The Trust Deed mandates that up to 90% of the fund’s assets are invested in real estate and related investments, with a maximum of 10% allocated to quality money market instruments to ensure liquidity.
Strategic Focus
UHREIT’s strategic investment approach focuses on leveraging high-quality real estate assets to drive sustained capital growth. The Fund Managers prioritize a diversified portfolio, balancing investments between commercial and residential properties to mitigate risk and enhance returns.
Market Position and Outlook
The Nigerian real estate market has shown resilience amid economic challenges, and UHREIT’s performance reflects a well-executed investment strategy. As the market continues to evolve, UHREIT remains committed to optimizing its portfolio for long-term value creation for its investors.
About UHREIT
Formerly known as Union Homes Real Estate Investment Trust, UHREIT is dedicated to achieving long-term capital appreciation through its real estate investments. The trust, which is listed on the Nigerian Stock Exchange, is a testament to strategic asset management and robust market positioning, managed by Union Homes Savings & Loans Plc.
For more detailed information on UHREIT’s financial performance, including abridged reports, interim earnings results, and earnings presentations, please visit the UHREIT company page on AfricanFinancials.
