SFS REIT Profit Surges 762% to N4.1 Billion in 2025

SFS Real Estate Investment Trust (REIT) announced its audited financial results for the year ending December 2025, revealing a total comprehensive profit of N4.1 billion. This figure represents a remarkable 761.8% increase compared to the N477.09 million recorded in the prior year, highlighting a significant turnaround in earnings.

The profit growth was largely attributed to a N3.4 billion fair value gain from investment properties, which bolstered the bottom line despite a noticeable rise in operational expenses during the year. The fund expanded its portfolio by acquiring the Northern Foreshore Estate in Lekki for N130 million, bringing its total assets to eight.

Total income rose to N717.3 million from N554.9 million, driven by stronger core earnings across key income streams. Operational expenses increased by 14.2% to N88.8 million, primarily due to management fees.

The trust proposed a final distribution of N28.30 per unit, up from N21.50, signaling improved returns for investors. The balance sheet showed total assets climbing to N7.08 billion, with investment properties accounting for N5.5 billion.