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UPDC Real Estate Investment Trust (NGX:UPDCREIT)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
7.95
+0.55 (7.43%)
At close: Apr 10, 2026

NGX:UPDCREIT Income Statement

Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Rental Revenue
1,7371,4361,4351,2621,259
Gain (Loss) on Sale of Investments (Rev)
7.91-16.470.67-24.51-329.85
Total Revenue
3,0202,5181,8941,6111,315
Revenue Growth (YoY
19.93%32.92%17.62%22.51%-41.49%
Property Expenses
350.57369.02296.19303.28304.99
Selling, General & Administrative
132.04151.13138.37133.7833.74
Depreciation & Amortization
199.02110.1469.3753.7872.36
Other Operating Expenses
2.0211.014.9236.1612.23
Total Operating Expenses
757.07743.75539.35461.58564.79
Operating Income
2,2631,7741,3551,149749.83
Interest Expense
-4.99-3.58-5.56-2.53-2.16
Other Non-Operating Income
-24.42-23.94-21.43-21.82-23.44
EBT Excluding Unusual Items
2,2331,7471,3281,125724.24
Gain (Loss) on Sale of Assets
-410---
Asset Writedown
2,1022,5412,475552.22-5,092
Pretax Income
4,3354,6983,8031,677-4,368
Income Tax Expense
----112.8
Net Income
4,3354,6983,8031,677-4,480
Net Income to Common
4,3354,6983,8031,677-4,480
Net Income Growth
-7.72%23.54%126.77%--
Basic Shares Outstanding
2,6682,6682,6682,6682,668
Diluted Shares Outstanding
2,6682,6682,6682,6682,668
EPS (Basic)
1.621.761.430.63-1.68
EPS (Diluted)
1.621.761.430.63-1.68
EPS Growth
-7.95%23.50%126.77%--
Dividend Per Share
0.5500.5000.4100.3400.350
Dividend Growth
10.00%21.95%20.59%-2.86%-50.00%
Operating Margin
74.93%70.46%71.53%71.34%57.04%
Profit Margin
143.56%186.57%200.74%104.12%-340.81%
EBITDA
2,4501,8791,4191,202821.37
EBITDA Margin
81.15%74.64%74.93%74.63%62.48%
D&A For Ebitda
187.87105.2164.4452.9571.53
EBIT
2,2631,7741,3551,149749.83
EBIT Margin
74.93%70.46%71.53%71.34%57.04%
Revenue as Reported
5,1235,4694,3692,163-3,777
Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.