UPDC Real Estate Investment Trust reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was NGN 1,261.74 million compared to NGN 1,259.01 million a year ago. Revenue was NGN 2,162.79 million compared to negative revenue of NGN 3,777.22 million a year ago.

Net income was NGN 1,676.86 million compared to net loss of NGN 4,480.41 million a year ago. Basic earnings per share from continuing operations was NGN 0.63 compared to basic loss per share from continuing operations of NGN 1.68 a year ago. Diluted earnings per share from continuing operations was NGN 0.63 compared to diluted loss per share from continuing operations of NGN 1.68 a year ago.