UPDC Real Estate Investment Trust reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 354.73 million compared to NGN 327.86 million a year ago. Revenue was NGN 468.82 million compared to NGN 449.02 million a year ago.

Net income was NGN 303.63 million compared to NGN 290.02 million a year ago. Basic earnings per share from continuing operations was NGN 0.11 compared to NGN 0.11 a year ago.