The First quarter financial report of Union Home Real Estate Investment Trust plc for the period ended March 31st, 2019 reveals that the group declined by 15.75% in gross earnings closing at N122.9mn below the previous close of N145.9mn in 2018.
The Company’s Net Income, fell by 16.82% to arrive at N80mn from N96mn recorded in Q1’18.
With about 250mn share outstanding, the Shareholders’ earnings per share dipped by about 17% from N0.39 of the corresponding period in 2018 to N0.32 in the period under review.
At a reference price of N40.70, it traded last, the company’s PE Ratio stood at 126.9x with earnings yield of 0.79%.