NREIT Expands to 120 Assets After N7 Billion Fundraise

Chapel Hill Denham Nigeria Real Estate Investment Trust (NREIT) has surpassed 120 assets following a successful Series 5 fundraising exercise that raised N7 billion, as reported in its first quarter financial statement submitted to the Nigerian Exchange Group on Thursday. The fresh capital will be deployed to finalize strategic real estate acquisitions to enhance the trust's liquidity.

NREIT's total assets stood at N205.89 billion as of March 31, 2026, up from N197.00 billion in December 2025. The net asset attributable to unitholders at the close of the quarter was N189.86 billion, with a net asset value calculated at N114.60 per unit across 1.65 billion units currently issued.

NREIT's profit before tax surged to N3.19 billion, compared to N736.56 million in the corresponding quarter of 2025. The total comprehensive income for the period grew significantly to N3.08 billion, despite experiencing a foreign exchange loss of N104.83 million.

The fund manager announced its 21st consecutive quarterly dividend distribution, with eligible unitholders receiving payouts on June 29, 2026.