{
  "schemaVersion": 1,
  "contentDigest": "ddbf559ca2f0976509a23289afeffb1a82abd2a8a31cf56fbe4195bbfa4b26e9",
  "id": "news-oct22-continued-ng-sfs-reit-nine-month-income-nav-liquidity-20261020",
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/ng-sfs-reit-nine-month-income-nav-liquidity-20261020",
  "slug": "ng-sfs-reit-nine-month-income-nav-liquidity-20261020",
  "category": "policy-standards",
  "publishDate": "2026-10-20",
  "sourceName": "BusinessDay",
  "sourceUrl": "https://businessday.ng/companies/article/sfs-reit-income-surges-50-to-n467m-despite-falling-asset-value/",
  "readingTimeMinutes": 1,
  "tags": [
    "Nigeria",
    "Real estate",
    "Finance",
    "Investment",
    "Economic statistics"
  ],
  "content": {
    "title": "SFS REIT income rises as property holdings and cash reserves decline",
    "summary": "The unaudited nine-month results show higher income alongside lower net asset value, property holdings and cash.",
    "sections": [
      {
        "paragraphs": [
          "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."
        ],
        "sources": [
          {
            "name": "BusinessDay",
            "url": "https://businessday.ng/companies/article/sfs-reit-income-surges-50-to-n467m-despite-falling-asset-value/"
          }
        ]
      }
    ]
  },
  "companies": [],
  "sourceVersion": "caae08d66f0648f66a1396dd49041d0311051fa989a9175f835443986452c382"
}