Afriland Properties Plc Pays N178.6Mn As Interim Dividend 

Valentine Okafor

Afriland Properties Plc,  has declared an interim dividend for the half-year ended 30th June 2024 as it continues to demonstrate its resilience and commitment to creating value.

The firm is a leading real estate investment and development company with a portfolio valued at over N14 billion and one of the largest land banks in Nigeria.

The real estate company communicated that its Board of Directors had approved an interim dividend of 13 kobo per share, amounting to a total payout of N178,607,000.00 (One Hundred and Seventy-Eight Million, Six Hundred and Seven Thousand Naira) to its shareholders.

This decision highlights the company’s resilience hinged on its diversified portfolio of investments and offerings.

Managing Director of Afriland Properties Plc, Uzo Oshogwe, expressed her appreciation to shareholders for their continuous trust and support. She stated, “Afriland Properties remains dedicated to leveraging innovative strategies to drive long-term growth while offering end-to-end services across the real estate value chain. This interim dividend payment reflects our obligation to enhance shareholder value, which remains core to our strategy.”

Earlier this year, Afriland Properties reported a remarkable 150 per cent increase in its full-year dividend payout to shareholders at its 2023 Annual General Meeting, further underscoring its commitment to delivering exceptional value.

Afriland Properties has new landmark developments in Abuja and Lagos to meet the growing demand for high-quality homes and commercial spaces. These efforts aim to reinforce the company’s position as a market leader in the Nigerian real estate sector and ensure sustainable returns for all stakeholders.

About Afriland Properties Plc:

Afriland Properties Plc is a property management, investment, and development company offering end-to-end services across the real estate value chain.

The company is dedicated to improving lives through the development, management, and maintenance of world-class real estate offerings across Africa.

With a portfolio valued at over N14 billion and one of the largest land banks in Nigeria, Afriland is pioneering the institutional approach to real estate, serving niche markets throughout Africa.