UH Real Estate Investment climbs 27% month-to-date in the Nigerian stock market, surpasses N55 

The investment trust recently released its financial report for the full year of 2024, revealing a pre-tax profit of N1 billion, which marks a 54.6% increase from last year’s N698.5 million.

UH Real Estate also reported a total income of N1.2 billion, up 43.37% from the previous year’s N884.2 million.

The trust’s cash and cash equivalents reached N2 billion, up from N1.3 billion reported last year, while investment properties were valued at N9.2 billion.

So far in March, the trust has continued its upward trend, recording a market volume of N2.7 million and maintaining the bullish momentum that began the previous month.

The bullish price action for UH Real Estate Investment Trust in the Nigerian stock market began in February at N36.60, surging by 20.90% with a market volume of 572.7 million after months of inactivity.

This positive momentum continued into March, with the trust climbing from an opening price of N44.70 to surpass N55. As of the market open on March 21, 2025, UH is trading at N56.90.

The investment trust’s financial report for the full year of 2024 highlights a total income of N1.2 billion, representing a 43.37% increase from N884.2 million in the previous year.

However, operating expenses saw a slight rise to N221.7 million, up from N207.4 million the year before.