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NREIT Reports 328% Profit Surge and N1.72 Distribution in H1 2026

Nigeria Real Estate Investment Trust (NREIT) recorded a significant performance boost in the first half of 2026, with pre-tax profit climbing 328.17% year-on-year to N6.05 billion. Total income surged to N7.97 billion, up from N1.74 billion in the same period last year. Consequently, the board has declared a distribution of N1.72 per unit to unitholders, payable on September 8, 2026. Despite a 481.87% increase in operating expenses and a moderate rise in total liabilities, the firm’s net assets grew to N189.83 billion.

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