SFS Real Estate Investment Trust (SFS REIT) delivered a strong first-half performance in 2026 as higher returns from fixed-income investments, improved rental income, and gains from the sale of a property boosted earnings.
The Nigerian Exchange-listed REIT reported total income of N272.42 million for the six months ended June 30, 2026, representing a 28.9 percent increase from N211.23 million recorded in the corresponding period of 2025.
The growth was driven by the trust’s increasingly diversified revenue base, with investment income overtaking rental income as its largest source of earnings.
Fixed-interest income rose 19.8 percent to N127.22 million from N106.16 million a year earlier, accounting for nearly 47 percent of total income.
Rental income also remained resilient, increasing 16.8 percent to N122.70 million from N105.07 million, while the disposal of an investment property generated an additional N22.5 million in profit, compared with no disposal gains in the first half of last
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