UPDC Real Estate Investment Trust reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was NGN 327.86 million compared to NGN 325.8 million a year ago. Revenue was NGN 449.02 million compared to NGN 407.26 million a year ago. Net income was NGN 290.02 million compared to NGN 286.84 million a year ago. Basic earnings per share from continuing operations was NGN 0.11 compared to NGN 0.11 a year ago.