company background image
UPDC

UPDC Real Estate Investment TrustNGSE:UPDCREIT Stock Report

Market Cap

₦15.1b

7D

0%

1Y

48.7%

Updated

21 Oct, 2021

Data

Company Financials
UPDCREIT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

UPDCREIT Overview

UPDC Real Estate Investment Trust is a real estate investment trust.

Price History & Performance

Summary of all time highs, changes and price drops for UPDC Real Estate Investment Trust
Historical stock prices
Current Share Price₦5.65
52 Week High₦4.15
52 Week Low₦6.00
Beta0.51
1 Month Change0.89%
3 Month Change-5.83%
1 Year Change48.68%
3 Year Change-37.22%
5 Year Change-43.50%
Change since IPO-43.50%

Recent News & Updates

Shareholder Returns

UPDCREITNG REITsNG Market
7D0%-0.5%1.4%
1Y48.7%34.3%41.3%

Return vs Industry: UPDCREIT exceeded the NG REITs industry which returned 35.4% over the past year.

Return vs Market: UPDCREIT exceeded the NG Market which returned 40.4% over the past year.

Price Volatility

Is UPDCREIT's price volatile compared to industry and market?
UPDCREIT volatility
UPDCREIT Beta0.51
Industry Beta0.89
Market Beta1

Stable Share Price: UPDCREIT is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: UPDCREIT's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013n/aTope Omojokun

UPDC Real Estate Investment Trust is a real estate investment trust. It invests in the real estate markets across Nigeria. UPDC Real Estate Investment Trust was formed on June 6, 2013 and is based in Nigeria.

UPDC Real Estate Investment Trust Fundamentals Summary

How do UPDC Real Estate Investment Trust's earnings and revenue compare to its market cap?
UPDCREIT fundamental statistics
Market Cap₦15.08b
Earnings (TTM)₦1.93b
Revenue (TTM)₦2.15b

7.8x

P/E Ratio

7.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UPDCREIT income statement (TTM)
Revenue₦2.15b
Cost of Revenue₦478.69m
Gross Profit₦1.67b
Expenses-₦265.55m
Earnings₦1.93b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.72
Gross Margin77.69%
Net Profit Margin90.07%
Debt/Equity Ratio0%

How did UPDCREIT perform over the long term?

See historical performance and comparison

Dividends

11.7%

Current Dividend Yield

-229%

Payout Ratio

Valuation

Is UPDC Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

7.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UPDCREIT (NGN5.65) is trading above our estimate of fair value (NGN3.49)

Significantly Below Fair Value: UPDCREIT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UPDCREIT is good value based on its PE Ratio (7.8x) compared to the African REITs industry average (9.9x).

PE vs Market: UPDCREIT is poor value based on its PE Ratio (7.8x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UPDCREIT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UPDCREIT is good value based on its PB Ratio (0.5x) compared to the XF REITs industry average (0.6x).


Future Growth

How is UPDC Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.7%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as UPDC Real Estate Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has UPDC Real Estate Investment Trust performed over the past 5 years?

-7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UPDCREIT has high quality earnings.

Growing Profit Margin: UPDCREIT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: UPDCREIT's earnings have declined by 7.8% per year over the past 5 years.

Accelerating Growth: UPDCREIT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: UPDCREIT has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (111.5%).


Return on Equity

High ROE: UPDCREIT's Return on Equity (6.3%) is considered low.


Financial Health

How is UPDC Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: UPDCREIT's short term assets (NGN5.4B) exceed its short term liabilities (NGN901.2M).

Long Term Liabilities: UPDCREIT's short term assets (NGN5.4B) exceed its long term liabilities (NGN207.6M).


Debt to Equity History and Analysis

Debt Level: UPDCREIT is debt free.

Reducing Debt: UPDCREIT has not had any debt for past 5 years.

Debt Coverage: UPDCREIT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: UPDCREIT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is UPDC Real Estate Investment Trust current dividend yield, its reliability and sustainability?

11.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UPDCREIT's dividend (11.68%) is higher than the bottom 25% of dividend payers in the NG market (3.28%).

High Dividend: UPDCREIT's dividend (11.68%) is in the top 25% of dividend payers in the NG market (7.27%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, UPDCREIT has been paying a dividend for less than 10 years.

Growing Dividend: UPDCREIT's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: UPDCREIT is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Tope Omojokun

no data

Tenure

Mrs. Tope Omojokun is the Managing Director and Director of FSDH Asset Management Limited.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

UPDC Real Estate Investment Trust's employee growth, exchange listings and data sources


Key Information

  • Name: UPDC Real Estate Investment Trust
  • Ticker: UPDCREIT
  • Exchange: NGSE
  • Founded: 2013
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: ₦15.076b
  • Shares outstanding: 2.67b

Location

  • UPDC Real Estate Investment Trust
  • UAC House
  • 8th Floor
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:04
End of Day Share Price2021/10/21 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.