UHOMREIT
Investo's verdict, shared with you
UHOMREIT trades at ₦70, a steep 36% discount to book value (BVPS ₦109.76) and roughly 53% below our peer-relative fair value base case of ₦149.70, presenting a meaningful value gap for a trust that generated ₦518.5m net income in the first half of 2026 — up 19.8% year-on-year. The trust's balance sheet is largely equity-funded (total equity ₦27.4bn vs total assets ₦28.7bn, implying negligible leverage), which is a structural quality positive for a real estate vehicle in a high-rate naira environment. Confidence is medium, however, given that a clean annual EPS series is unavailable within the past two years, forcing reliance on a peer-median P/B anchor rather than the trust's own earnings history.
Verdict published 2026-09-28 · fundamentals through Q3-2026 · reviewed as the data changes
Published with 1 open flag · confidence downgraded
A per-share input was repaired or refused
One of the per-share figures behind this valuation did not agree with the audited totals it should reconcile to, so it was recomputed from those totals or rejected outright.
no EPS within 2y — latest usable is FY2021, refused as a current anchor
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.