SFS REIT dividend declared
Nigerian SFS REIT declared a ₦28.30/unit distribution for the year ended Dec. 31, 2025; holders must qualify by April 17 and the payment is set for May 18 via Pace Registrars (x.com). The notice underscores regional REITs’ payout cadence differences—many non‑US REITs still use semiannual distributions ( ).
The announced distribution represents an increase of roughly 31.6% versus the N21.50 per unit SFS paid for the full year 2024 (BusinessDay: source of the new notice: ). SFS reported a 50.26% rise in net income to N477.09 million for the 2024 year and gross revenue of N554.91 million, which the manager attributed to stable rental income, strategic property disposals and interest income (BusinessDay: ). Pace Registrars is listed as SFS REIT’s transfer agent and handles e‑dividend processing for the trust; the registrar’s role and contact details appear on Pace Registrars’ site and on previous NGX corporate action notices for SFS REIT (Pace Registrars: Marketscreener/NGX corporate action: ). Market data published this month shows SFS REIT trading with a one‑year price change above 100% and a market capitalisation around N8.4 billion as of March 25, 2026, underlining stronger investor interest ahead of distribution season (AfricanFinancials: ). Last year SFS paid a final distribution of N21.50 per unit with a May 2025 payment date and an April 25, 2025 qualification date, illustrating the REIT’s pattern of concentrating larger payouts at year‑end or as a single annual distribution (Marketscreener/NGX corporate action: ). Market commentators note many REITs listed outside the U.S. prefer semi‑annual or annual distribution schedules—resulting in larger, less frequent payments—an observation echoed in regional commentary on the SFS notice (Dividend.com: AllAboutInvesting: commentary referenced: ).
