Live Stock Performance

About the Company

UPDC Real Estate Investment Trust (REIT) is a closed-ended property fund listed on the Nigerian Stock Exchange. Established in June 2013, it was sponsored by UPDC Plc with the issuance of 3 billion units at ₦10 each. The REIT invests in a diversified portfolio of income-producing real estate assets, including residential, commercial, and purpose-built student accommodations. Its primary objective is to provide unitholders with stable income and long-term capital preservation by distributing at least 90% of its net income as dividends.

Leadership Team

• Mr. Odunayo Ojo – Chief Executive Officer, UPDC Plc
• Mr. Folasope Aiyesimoju – Director, UPDC Plc
• Mr. Wole Oshin – Chairman, UPDC Plc
• Mr. Adeniyi Falade – Director, UPDC Plc
• Mr. Oyekunle Osilaja – Director, UPDC Plc

Corporate Social Responsibility (CSR)

UPDC REIT is committed to corporate social responsibility through initiatives that promote community development, environmental sustainability, and economic growth. The company emphasizes responsible business practices and social impact, aiming to improve the quality of life in its host communities.

Company Milestones

• June 2013: Established and listed on the Nigerian Stock Exchange with 3 billion units issued at ₦10 each.
• 2015: Achieved full subscription, becoming Nigeria’s largest REIT by net asset value.
• 2021: Appointed Stanbic IBTC Asset Management as Fund Managers to enhance asset and property management strategies.
• 2024: Reported consistent semi-annual distributions, maintaining a stable income stream for unitholders.