SFS REIT income rises as property holdings and cash reserves decline
The unaudited nine-month results show higher income alongside lower net asset value, property holdings and cash.
- Publish date: 2026-10-20
- Category: Standards & Policy
- Original source: BusinessDay
- Reading time: 1 min read
SFS Real Estate Investment Trust reported unaudited total income of ₦467.31 million for the nine months to September 2026, up 49.7% year on year. Net income increased 37.3% to ₦347.19 million.
At 30 September, net asset value was ₦6.24 billion, down 3.4% from ₦6.46 billion at end-2025. Investment property fell 6.2% to ₦5.17 billion after disposals and a new acquisition. Cash and cash equivalents declined to ₦18.24 million from ₦930.98 million at end-2025; during the period the trust invested ₦1.10 billion in securities, spent ₦200 million on property and paid ₦566 million in distributions.