Revitus NAV jumps 20% after renovations

Revitus Property Opportunities Real Estate Investment Trust said its net asset value climbed 20% to US$25.02 million in 2025 after renovation work and portfolio revaluations. (fingaz.co.zw) The Zimbabwe-listed trust said net asset value rose from US$20.85 million in 2024 to US$25.02 million for the year ended December 31, 2025. (fingaz.co.zw) A real estate investment trust pools investor money into property, then tries to lift returns through rent, redevelopment and higher asset valuations. Revitus says its model is buying underused buildings at a discount and revitalising them for higher rental income. (revitusreit.co.zw) The most concrete renovation work disclosed publicly was at Electra House and Africa House, where elevator refurbishments were completed in the last quarter of 2025. The Financial Gazette said that work improved the appeal of upper floors for tenants. (fingaz.co.zw) Revitus had already signaled that strategy in July 2025, when it said maintenance works at Electra House and Africa House were meant to attract more tenants and improve property performance. At that point, first-quarter net asset value stood at US$21.03 million. (newsday.co.zw) The 2025 year-end gain in asset value came alongside a reported US$4.6 million profit. Equity Axis said US$3.37 million of that profit came from fair value gains on equities and US$583,519 came from property revaluations. (equityaxis.net) That mix shows Revitus is not relying only on rent. Equity Axis reported net operating income of US$997,982, while investment properties were valued at US$14.15 million and equity investments at US$9.42 million. (equityaxis.net) Those equities are tied to the trust’s funding model. Equity Axis reported they are being gradually liquidated to finance the conversion of Chester House in Harare from office space into a hotel. (equityaxis.net) Revitus had previously said Chester House was being transformed from office use into a licensed hotel with completion expected by the second quarter of 2026. The project sits inside a wider shift away from oversupplied central business district office space. (newsday.co.zw) The trust was listed on the Zimbabwe Stock Exchange on December 18, 2023, after an initial public offering that raised ZWL48.55 billion, according to NewsDay. Revitus was launched by the National Railways of Zimbabwe pension fund to unlock value from seeded city-center properties. (newsday.co.zw) Revitus now has a higher stated asset base, but the next test is whether renovated buildings and the Chester House conversion turn revaluations into steadier cash income. (equityaxis.net) (revitusreit.co.zw)