Scribd Logo
Upload

Welcome to Scribd!

  • 2 views

    Ikeja Branch 2023 Performance Report

    Uploaded by

    glostanrise

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Ikeja Branch 2023 Performance Report

    Uploaded by

    glostanrise
    2 views10 pages

    Original Title

    Ikeja Branch 2023 Performance Report (4)

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    2 views10 pages

    Ikeja Branch 2023 Performance Report

    Uploaded by

    glostanrise

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    2023 Performance

    Review
    Ikeja Branch

    Mrs. GLORIA ONYEOZIRI


    MANAGEMENT 24/01/24
    FINANCIAL RESULTS REVENUE 2023

    DEPARTMENT Q1 Q2 Q3 Q4 TOTAL

    MANAGEMENT 5,766,701 9,221,174 6,985,405 9,069,405 31,043,033

    LETTING 6,255.046 5,105,488 4,290,350 6,296,090 21,946,974

    SALES 0 2,700,000 4,852,500 2,112,500 9,665,000

    TOTAL
    12,021,747 17,026,662 16,128,603 17,477,955 62,655,007
    REVENUE

    2 | @2023 Diya Fatimilehin & Co. All rights


    reserved
    2023 EXPENSES BY QUARTERS(ACTUAL)
    EXPENCES 2023 Q1 ACTUAL 2023 Q2 ACTUAL 2023 Q3 ACTUAL 2023 Q4 ACTUAL TOTAL

    DIESEL/PETROL 172,010 65,000


    283,005 396,794 918,809
    ELECTRICITY 159,247 154,299
    331,195 64,607 709,348
    EQUIPMENT 49,500 5,000
    5,000 67,000 126,500
    REPAIRS
    FACILITY 187,500 187,500
    187,500 187,500 750,000
    MAINTENANCE
    GOVERNMENT STATUTORY 56,000 3,200
    27,200 8,900 95,300
    PAYMENTS
    INTERNET DATA AND AIRTIME 144,600 94,400
    152,050 166,920 557,970
    MARKETING,ADVERT AND 298,425 290,625
    PUBLICITY 290,625 290,625 1,170,300

    MISCELLENOUS 1,065,585 3,779,635


    4,246,909 1,293,382 9,092,130
    MOTOR VEHICLE 47,000 53,000
    79,500 75,000 254,500
    MAINTENANCE
    RENT 1,500,000 1,500,000
    1,500,00 1,500,000 6,000,000

    REPAIR AND MAINTENANCE 483,761 -- 9,0000


    15,500 14,000

    5,571,711 6,388,444 5,299,521


    SALARIES 5,503,753 22,763,429
    STATIONARIES 203,450 73,200
    172,630 83,820 533,100
    WELFARE 156,600 163,200
    173,300 150,000 643,100

    TOTAL EXPENSES 10,095,390 12,757,503


    12,757,435 9,805,801 43,628,485

    3 | @2023 Diya Fatimilehin & Co. All rights


    Source: Diya, Fatimilehin & Co, 2023 reserved
    ACTUAL PERFORMANCE YEAR 2023
    31,043,033

    Management achieved 88.7% of


    21,946,974
    the annual target ,Letting
    achieved 87.7% while sales
    achieved 27.7% 0f the annual
    target
    9,966,000

    MAN- LETTING SALES


    AGE-
    MENT

    4 | @2023 Diya Fatimilehin & Co. All rights reserved


    Q4 2022/Q4 2023 FINANCIAL ANALYSIS

    6,915,119 ACTUAL Q4 22
    9,069,033
    ACTUAL Q4 23 Management performed
    better in the Q4 2023 than
    Q4 2022 with 103.6% ,
    6,296,090
    same with letting having
    100.7%, While sales made
    23.5% of their target
    2,060,580
    2,112,500

    0
    MAN- LETTING SALES MAN- LETTING SALES
    AGE- AGE-
    MENT MENT

    5 | @2023 Diya Fatimilehin & Co. All rights


    reserved
    FINANANCIAL ANALYSIS Q3/Q4
    2023
    ACTUAL Q3 ACTUAL Q4

    12%

    30%

    43%

    52%
    36%

    27%

    MANAGEMENT LETTING SALES MANAGEMENT LETTING SALES

    6 | @2023 Diya Fatimilehin & Co. All rights


    reserved
    Market Review and Outlook For
    2024
    1. Increase in supply of commercial and sales properties in high brow areas

    than residential and lettable properties.

    2. Increase in redevelopment of properties to duplexes in high-brow areas.

    3. High demand for lettable residential properties in core areas such as 2-

    bedroom, 3-bedroom, flat, and mini flats. Whereas some client budgets are

    far below the market value.

    MARKET OUTLOOK

    1. There will be increase in availability of sales properties

    2. Redevelopment of old buildings to meet the new market demand.

    7 | @2023 Diya Fatimilehin & Co. All rights reserved


    3. Continuous increase in demand for 2 Bedroom flats.
    KeyStrategiesToBeDeployed
    F
    Achieve2024Budget
    KEY STRATEGIES TO BE DEPLOYED:
    • Building mutual relationships with Artisans, site workers, and landlords, getting refe
    Engineers or Supervisors and landlords on other properties they are also working o
    • Cold calling on a weekly basis
    • Using existing tenants to access core areas and establishing cordial relationship wit
    • Early engagement of tenant to prevent delay in rent payment
    • Embarking on Aggressive rent drive
    • Making our property bulletin available to relevant agents on a weekly basis and getti
    in order to generate leads
    • Meticulous tenant selection Process
    • Sourcing for buyers through available social media platform
    4 | @2023 Diya Fatimilehin & Co. All rights reserved
    LESSONS
    LEARNT

    Being thorough with all inspections prevent management


    issues and transaction gridlock

    9 | @2023 Diya Fatimilehin & Co. All rights reserved


    Thank you

    GLORIA ONYEOZIRI
    HOD,MGT.,IKEJA +234 8113965876

    2A , Allen Avenue, ikeja Lagos State


    Email: [email protected] www.diyafatimilehin.net

    You might also like