Equities

UPDC Real Estate Investment Trust

UPDCREIT:LAG

UPDC Real Estate Investment Trust

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Real EstateReal Estate Investment Trusts
  • Price (NGN)4.70
  • Today's Change0.22 / 4.91%
  • Shares traded908.05k
  • 1 Year change+46.88%
  • Beta0.2578
Data delayed at least 60 minutes, as of May 16 2024.
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About the company

UPDC Real Estate Investment Trust is a Nigeria-based close-ended real estate investment trust. The Company’s principal activity is to pool investment in a diversified portfolio of real estate in Nigeria. It is engaged in the acquisition, development, sale, and management of a diverse mix of commercial, residential, hospitality and retail assets across Nigeria. The primary objective of the Company is to enable investors to earn stable income while preserving capital over the long term, by ensuring stable cash distributions from investments in a portfolio of income-producing real estate property and to improve and maximize unit value through the management of the Trust's assets, acquisitions, and development of additional income-producing real estate property. Its investment properties include Abebe Court, Victoria Mall Plaza I, Victoria Mall Plaza II, UAC Complex, Kingsway Building, and Pearl Hostel. The Company is managed by Stanbic IBTC Asset Management Limited.

  • Revenue in NGN (TTM)1.43bn
  • Net income in NGN4.29bn
  • Incorporated--
  • Employees--
  • Location
    UPDC Real Estate Investment TrustUAC House 1-5 Odunlami Street,P.O Box 156LAGOS NigeriaNGA
  • Websitehttps://updcplc.com/
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Institutional shareholders

0.05%Per cent of shares held by top holders
HolderShares% Held
Robeco Institutional Asset Management BVas of 29 Mar 20241.26m0.05%
Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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