UPDC Real Estate Investment Trust Plc for the period ended 31 December 2022 reported turnover of N2.16 billion. This represents 157.26% growth from the negative revenue of N3.78 billion reported the previous year.
Profit after tax of N1.596 billion was reported for the 12 months period, up by 135.62% from the loss after tax of N4.48 billion reported the previous year.
Earnings per share of the company increased to 60 kobo from the negative EPS of N1.68 reported the previous year.
At the share price of N3.25, the P/E ratio of UPDC Real Estate Investment Trust Plc stands at 5.43x with earnings yield of 18.41%.