SFS Real Estate Investment Trust Fund reports a 15% decline in Net Income to N77.04million in Q2 2021.

SFS Real Estate Investment Trust Fund released its unaudited quarterly results for the period ended 30th of June, 2021.

• Total income for the period was N112.1 million. (-4.7% YoY)
• Distribution, administration and other expenses totalled N35.09 million. (+29% YoY)
• Net income for the period was N77.04 million. (-14.8% YoY)
• Basic earnings per unit of 3.9kobo Vs 4.5kobo YoY.
• Net assets for the period was N2.32 billion

What you should know:

• SFS Real Estate Investment Trust is a close-ended Real Estate Investment Trust Scheme in Nigeria which aggregates funds for the primary motive of investing in income-generating real estate. This includes residential homes, residential apartments, office blocks, shopping malls and warehouses

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