UH Actual Property Funding Belief has skilled progress within the Nigerian inventory market this March, rising 27% month-to-date to surpass N55, as of market open on the twenty first.
The funding belief just lately launched its {financial} report for the total yr of 2024, revealing a pre-tax revenue of N1 billion, which marks a 54.6% enhance from final yr’s N698.5 million.
UH Actual Property additionally reported a complete earnings of N1.2 billion, up 43.37% from the earlier yr’s N884.2 million.
The belief’s money and money equivalents reached N2 billion, up from N1.3 billion reported final yr, whereas funding properties have been valued at N9.2 billion.
To this point in March, the belief has continued its upward development, recording a market quantity of N2.7 million and sustaining the bullish momentum that started the earlier month.
The bullish value motion for UH Actual Property Funding Belief within the Nigerian inventory market started in February at N36.60, surging by 20.90% with a market quantity of 572.7 million after months of inactivity.
This optimistic momentum continued into March, with the belief climbing from a gap value of N44.70 to surpass N55. As of the market open on March 21, 2025, UH is buying and selling at N56.90.
The funding belief’s {financial} report for the total yr of 2024 highlights a complete earnings of N1.2 billion, representing a 43.37% enhance from N884.2 million within the earlier yr.
Nonetheless, working bills noticed a slight rise to N221.7 million, up from N207.4 million the yr earlier than.
