WorldStage– SFS Real Estate Investment Trust (SFS REIT) has released its unaudited financial statements for the nine months ended 30 September 2026, revealing robust growth across key financial metrics driven by strong rental yields, fixed interest income, and strategic asset optimization.
Key Financial Highlights (9M 2026 vs. 9M 2025):
Total Income: Rose significantly by 49.7% to N467.31 million, up from N312.16 million in the corresponding period of 2025.
Net Income for the Period: Surged by 37.3% to reach N347.19 million, compared to N252.88 million in 2025.
Earnings Per Unit (EPU): Grew correspondingly by 37.3% to N17.36, up from N12.64 per unit.
Rental Income: Increased by 15.0% to N185.25 million (vs. N161.09 million in 9M 2025), accounting for 39.6% of total income.
Fixed Interest Income: Stood at N182.06 million, marking a 20.5% increase from N151.07 million in the previous year.
Disposal Gains: The trust realized a N100 million profit from the disposal of investment properties during the period.
Balance Sheet & Portfolio Rebalancing
As of 30 September 2026, the Trust’s total assets stood at N6.87 billion, compared to N7.08 billion at the close of December 2025.
Net Asset Value (NAV): Recorded at N6.24 billion (N312.17 per unit), reflecting a marginal 3.4% adjustment from December 2025 levels, largely influenced by portfolio adjustments and distributions.
Investment Property Portfolio: The carrying value of investment properties was valued at N5.17 billion. During the period, the Fund Manager optimized the portfolio by disposing of selected properties in Bourdillon Court and Milverton (Lekki) while acquiring a new property in Freeman Estate.
Robust Distributions: Demonstrating strong returns to unitholders, the trust successfully paid out total distributions of N566.00 million in 2026.
Managed by SFS Capital Nigeria Limited and regulated by the Securities and Exchange Commission (SEC), SFS REIT continues to demonstrate resilience and steady value creation within Nigeria’s real estate investment landscape.
