It’s wonderful to see the engagement here! While Americold and Healthpeak are global giants, @Adegoroye is right to look closer to home.
The Net Asset Value (NAV) of our local REITs like UPDCREIT at ₦7.50 is the real 'hidden treasure.' In a world where the Naira is stabilizing at ₦1,399, owning tangible Lagos real estate through these vehicles is a smart hedge. You get the 90% dividend mandate and the security of brick-and-mortar. Who else is looking at their REIT dividends as the 'fuel' for their next equity trade?
The Net Asset Value (NAV) of our local REITs like UPDCREIT at ₦7.50 is the real 'hidden treasure.' In a world where the Naira is stabilizing at ₦1,399, owning tangible Lagos real estate through these vehicles is a smart hedge. You get the 90% dividend mandate and the security of brick-and-mortar. Who else is looking at their REIT dividends as the 'fuel' for their next equity trade?