SFS REIT reports 37.3% net income growth for Q3 2026

SFS Real Estate Investment Trust (SFS REIT) reported significant growth in its unaudited financial statements for the nine months ending September 30, 2026. Total income rose 49.7% to N467.31 million, while net income increased 37.3% to N347.19 million compared to the same period in 2025.

Key drivers of this growth included a 15% increase in rental income and a 20.5% rise in fixed interest income. The trust also realized a N100 million profit from the disposal of investment properties. During this period, the fund manager optimized the portfolio by selling properties in Bourdillon Court and Milverton (Lekki) and acquiring a new property in Freeman Estate.

As of September 30, 2026, the trust’s total assets were valued at N6.87 billion, with a Net Asset Value of N6.24 billion. The trust has paid out total distributions of N566 million in 2026.