UPDC Real Estate Investment Trust
NNSENG:UPDCREIT19.05
NGN
0.00
(0.00%)
ISIN
NGUPDCREIT01
Return %
Stock
S&P 500
1Y
139.62
14.20
3Y
414.86
81.12
5Y
237.17
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Busola Jejelowo
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Lagos Nigeria
- IPO Date
- Feb 26, 2008
- Website
- updcplc.com
- Similar Companies
- Business
- UPDC Real Estate Investment Trust is a Nigeria-based closed-ended real estate investment trust that specializes in acquiring, holding, managing, and developing a diversified portfolio of income-generating real estate assets and short-term money market instruments. Founded in 2013 and headquartered in Lagos, Nigeria, the trust operates within the financial services and collective investment scheme sectors, serving institutional and retail unitholders alongside corporate and individual residential tenants. Sponsored by property developer UPDC Plc, the trust focuses its geographic operations on high-yield property markets in Nigeria, primarily within Lagos State and the Federal Capital Territory, Abuja. The trust organizes its core asset portfolio and service offerings across systematic categories, which include: luxury residential developments, represented by Abebe Court in Ikoyi, Lagos; mixed-use commercial assets containing residential apartments and retail spaces, represented by Victoria Mall Plaza 1 and Victoria Mall Plaza 2 in Victoria Island, Lagos; commercial office properties, including the Kingsway Building in Marina, Lagos, and the UAC Commercial Complex in Abuja; purpose-built student accommodation facilities, featuring the Pearl Hostel at Pan-Atlantic University in Ibeju-Lekki, Lagos; and liquidity management assets, consisting of Federal Government of Nigeria sovereign bonds, treasury bills, and short-term cash placements designed to support regular bi-annual income distributions. In recent major corporate developments, the trust transitioned its fund management operations by appointing SFS Capital Nigeria Limited as its new fund manager following the departure of Stanbic IBTC Asset Management Limited, a structural change ratified by unitholders that took full operational effect in 2026. Concurrently, the trust updated its governance framework under trustee oversight by United Capital Trustees Limited and First Trustees Limited, while implementing portfolio optimization strategies that raised asset occupancy levels to over 97% and expanded periodic dividend distributions.