UH Real Estate Investment Trust has reported a net profit of N518.5 million for the first half of 2026.
The results, published by Nairametrics, mark the latest earnings disclosure from the Nigerian property sector as companies navigate a challenging macroeconomic environment.
6% increase compared to the same period in the previous year, highlighting a significant turnaround in profitability for the entity.
The first-half figure follows a robust start to the year, with the trust reporting a pre-tax profit of N3.19 billion in the first quarter alone.
That Q1 result represented a 333.6% increase compared to the same period in the previous year, highlighting a significant turnaround in profitability for the entity.
The performance comes as other Nigerian listed entities also report their half-year results.
Unilever Nigeria, for instance, recently announced a first-half profit of N29.2 billion and declared an interim dividend of N2.00 per share, signaling resilience among major listed firms despite broader economic headwinds.