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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Eagle REIT

EAGLE.VX · Victoria Falls Stock Exchange · Company statements

On this page
Company details
Legal name
Eagle Real Estate Investment Trust
Listing
EAGLE.VX on the Victoria Falls Stock Exchange, active · ISIN ZWVX09030011 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · published summary of audited statements, final status not established · source

Read with these figures

  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY2025 figures come from it.
Full wording and sources

  • Published summary of audited statements for 2025: final status not established

    Published by the trust on its website. The trustee statement ('The financial statements for the year ended 31 December 2025 were authorized for issue on 30 March 2026') carries a handwritten signature over 'Simbiso V. Musa', on behalf of the trustee, undated; the asset manager's report is signed by Bevin Ngara and dated 30 March 2026 (PDF p1, page image). Note 3.0 'Auditors' Statement' prints an opinion that the abridged statements are consistent with the audited financial statements, but it names no audit firm and carries no signature or date, so no auditor's report on the summary is established.

    Source: GENERAL PURPOSE AUDITED ABRIDGED FINANCIALS STATEMENTS For the year ended 31 December 2025 — Eagle Real Estate Investment Trust (dated 2026-03-30)

  • 2025, 2024: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The abridged financial statements of Eagle Real Estate Investment Trust ... are derived from the audited financial statements of Eagle Real Estate Investment Trust for the year ended 31 December 2025.' (note 3.0, p1). No signed auditor's report on the summary is printed. Note 3.0 'Auditors' Statement' reads: 'The abridged financial statements of Eagle Real Estate Investment Trust, which comprise the summary of the statement of financial position as at 31 December 2025, the summary income statement, summary statement of changes in equity and summary of cash flow management for the year ended 31 December 2025 are derived from the audited financial statements of Eagle Real Estate Investment Trust for the year ended 31 December 2025. In our opinion, the accompanying abridged financial statements are consistent, in all material respects, with the audited financial statements in accordance with requirements of Victoria Falls Stock Exchange listing requirements, the Collective Investment Schemes Act [Chapter 24:19] and Securities and Exchange Act [Chapter 24:25]. An unqualified opinion on the audited financial statements has been issued.' (p1); no audit firm, signature or date accompanies it (page image). Statement of comprehensive income (condensed: no profit before tax, other comprehensive income or total comprehensive income line), statement of financial position (heading-row subtotals; no total liabilities), statement of changes in equity, statement of cash flows (indirect method) and notes 1-16 (pp1-2).

    Source: GENERAL PURPOSE AUDITED ABRIDGED FINANCIALS STATEMENTS For the year ended 31 December 2025 — Eagle Real Estate Investment Trust (dated 2026-03-30)

  • Revenue

    USD 960,600

    960,600 USD units · p1

    −64.9% vs 2024

  • Operating profit / (loss)

    USD 2.89 million

    2,890,942 USD units · p1

    −51.9% vs 2024

  • Profit / (loss) for the year

    USD 2.93 million

    2,930,812 USD units · p1

    −49.0% vs 2024

  • Total assets

    USD 39.5 million

    39,460,392 USD units · p1

    +65.5% vs 2024

  • Total equity

    USD 30.2 million

    30,173,875 USD units · p1

    +50.6% vs 2024

  • Cash from operations

    −USD 3.24 million

    (3,243,869) USD units · p1

    Change not shown.

Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the prior-year figure is zero or negative.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD units unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY2024 — published summary of audited statements (summary), final status not established; comparative in the FY2025 filing · source
    • 2025, 2024: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The abridged financial statements of Eagle Real Estate Investment Trust ... are derived from the audited financial statements of Eagle Real Estate Investment Trust for the year ended 31 December 2025.' (note 3.0, p1). No signed auditor's report on the summary is printed. Note 3.0 'Auditors' Statement' reads: 'The abridged financial statements of Eagle Real Estate Investment Trust, which comprise the summary of the statement of financial position as at 31 December 2025, the summary income statement, summary statement of changes in equity and summary of cash flow management for the year ended 31 December 2025 are derived from the audited financial statements of Eagle Real Estate Investment Trust for the year ended 31 December 2025. In our opinion, the accompanying abridged financial statements are consistent, in all material respects, with the audited financial statements in accordance with requirements of Victoria Falls Stock Exchange listing requirements, the Collective Investment Schemes Act [Chapter 24:19] and Securities and Exchange Act [Chapter 24:25]. An unqualified opinion on the audited financial statements has been issued.' (p1); no audit firm, signature or date accompanies it (page image). Statement of comprehensive income (condensed: no profit before tax, other comprehensive income or total comprehensive income line), statement of financial position (heading-row subtotals; no total liabilities), statement of changes in equity, statement of cash flows (indirect method) and notes 1-16 (pp1-2).

Income statement

Income statement, USD units. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations
Revenue 960,600 2,738,850
Cost of Sales (723,208) (1,657,207)
Gross Profit 237,392 1,081,643
Other income1 3,345,396 5,983,326
Total Income2 3,582,788 7,064,969
Total Operating Expenses3 (691,846) (1,052,435)
Profit before interest and tax expense4 2,890,942 6,012,534
Net Interest Income/ (Expense)5 39,870 (55,491)
Tax Expense –6 (213,362)
Profit for the year 2,930,812 5,743,681
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
Notes and alternative reported figures (5)
  1. “Other income”: mapping to a shared definition is uncertain. Printed 'Other income'; note 13: entirely the fair value gain on investment property (3 345 396; 2024: 5 983 326).
  2. “Total Income” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: gross profit plus other income (fair value gain on investment property).
  3. “Total Operating Expenses” is an issuer-specific line, not mapped to a shared definition: Printed as a positive amount and deducted from total income.
  4. “Profit before interest and tax expense”: mapping to a shared definition is uncertain. Printed 'Profit before interest and tax expense' (before net interest and tax): mapped to operating profit.
  5. “Net Interest Income/ (Expense)” is an issuer-specific line, not mapped to a shared definition: Note 14: interest income less interest expense.

Balance sheet

Balance sheet, USD units. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations
Non-Current Assets 31,474,316 20,069,146
Investment Property 31,474,316 20,069,146
Current Assets 7,986,076 3,775,994
Inventory 1,806,199 247,818
Trade and other receivables 2,226,672 496,544
Cash and cash equivalents 3,953,205 3,031,632
Total Assets 39,460,392 23,845,140
Unitholder's Equity 30,173,875 20,031,349
Unitholder's Funds1 20,643,000 13,825,427
Other components of equity 935,618 541,477
Retained earnings 8,595,257 5,664,445
Long-term Liabilities 6,736,958 2,980,410
Convertible Debentures2 4,736,958 2,980,410
Loan - long term position 2,000,000 –3
Trade and other Liabilities4 2,549,559 833,381
Loan - current position 35,834 –5
Short-term financing6 1,185,562 –5
Trade and other payables 1,114,801 620,019
Tax payable 213,362 213,362
Total Equity and Liabilities 39,460,392 23,845,140
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (4)
  1. “Unitholder's Funds”: mapping to a shared definition is uncertain. Unitholders' funds: the capital contributed for units issued (statement of changes in equity 'Movement for unitholder funds').
  2. “Convertible Debentures” is an issuer-specific line, not mapped to a shared definition: Note 8.1: liability component of 8% convertible debentures (non-current).
  3. “Trade and other Liabilities”: mapping to a shared definition is uncertain. Printed on the heading row 'Trade and other Liabilities' over the current loan, short-term financing, trade payables and tax payable: current liabilities.
  4. “Short-term financing” is an issuer-specific line, not mapped to a shared definition: Note 8.3: money market debt and interest payable (current).

Cash flow

Cash flow, USD units. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations
Profit before interest and tax1 2,890,942 6,012,534
Fair value gain on investment property2 (3,345,396) (5,983,326)
Expected credit losses3 4,498 3,323
Other4 (186) –5
Increase in inventory6 (1,558,381) (247,818)
Increase in trade and other receivables7 (1,730,128) (499,867)
Increase in trade and other payables8 494,782 593,363
Net cash flows from operating activities (3,243,869) (121,791)
Disposal of land9 723,208 1,502,159
Interest received 35,558 24,062
Construction work done10 (8,302,593) (6,888,647)
Net cash flows from investing activities (7,543,827) (5,362,426)
Increase in unitholders funds11 6,817,573 5,057,673
Debentures received12 1,794,400 3,442,334
Loan received 2,000,000 –13
Money market debt received14 1,097,296 –13
Net cash flows from financing activities 11,709,269 8,500,007
Total cash movement for the year 921,573 3,015,790
Opening cash and cash equivalents 3,031,632 15,842
Closing cash and cash equivalents 3,953,205 3,031,632
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (12)
  1. “Profit before interest and tax” is an issuer-specific line, not mapped to a shared definition: Cash-flow starting point; equals the income statement line.
  2. “Fair value gain on investment property” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
  3. “Expected credit losses” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
  4. “Other” is an issuer-specific line, not mapped to a shared definition: Non-cash adjustment.
  5. “Increase in inventory” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  6. “Increase in trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  7. “Increase in trade and other payables” is an issuer-specific line, not mapped to a shared definition: Working capital change.
  8. “Disposal of land” is an issuer-specific line, not mapped to a shared definition: Investing activities: proceeds on disposal of land (investment property).
  9. “Construction work done” is an issuer-specific line, not mapped to a shared definition: Investing activities: additions to investment property under construction.
  10. “Increase in unitholders funds” is an issuer-specific line, not mapped to a shared definition: Financing activities: units issued for cash.
  11. “Debentures received” is an issuer-specific line, not mapped to a shared definition: Financing activities: convertible debentures issued.
  12. “Money market debt received” is an issuer-specific line, not mapped to a shared definition: Financing activities: short-term financing received.

Per share and shares

Per share and shares. Columns: FY2025 — published summary of audited statements (final status not established), as reported for the year; FY2024 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2025.
Line (as printed) FY2025Published summary of audited statements (summary)reported for the yearFY2024Published summary of audited statements (summary)comparative in FY2025 filingsource limitations
Weighted average shares (shares)1 139,300,587 116,496,800
Notes and alternative reported figures (1)
  1. Weighted average shares: printed as “Weighted average number of units”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • GENERAL PURPOSE AUDITED ABRIDGED FINANCIALS STATEMENTS For the year ended 31 December 2025 — Eagle Real Estate Investment Trust

    Year ended 31 December 2025 · Published summary of audited statements (summary) · final status not established

    Audit: Auditor not stated (named); no auditor's opinion on the full statements in this document

    Final status: Published by the trust on its website. The trustee statement ('The financial statements for the year ended 31 December 2025 were authorized for issue on 30 March 2026') carries a handwritten signature over 'Simbiso V. Musa', on behalf of the trustee, undated; the asset manager's report is signed by Bevin Ngara and dated 30 March 2026 (PDF p1, page image). Note 3.0 'Auditors' Statement' prints an opinion that the abridged statements are consistent with the audited financial statements, but it names no audit firm and carries no signature or date, so no auditor's report on the summary is established.

    Document date
    30 Mar 2026
    Auditor's report
    date not recorded
    Board approval
    30 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · USD units (printed “USD”)
    • The financial highlights table prints Investment Property 31 747 316 for 31-Dec-25 (p1), against 31 474 316 in the statement of financial position and note 4 (the report text says 'US$31.47 million'). The statement figure is transcribed.
    • Total Operating Expenses is printed positive (691 846; 2024: 1 052 435) and deducted; stored negative. The cash-flow statement starts from 'Profit before interest and tax' and shows interest received under investing activities. No profit before tax line is printed. Weighted units 2025 printed comma-grouped '139,300,587'.
    • No signed auditor's report on the summary is printed. Note 3.0 'Auditors' Statement' reads: 'The abridged financial statements of Eagle Real Estate Investment Trust, which comprise the summary of the statement of financial position as at 31 December 2025, the summary income statement, summary statement of changes in equity and summary of cash flow management for the year ended 31 December 2025 are derived from the audited financial statements of Eagle Real Estate Investment Trust for the year ended 31 December 2025. In our opinion, the accompanying abridged financial statements are consistent, in all material respects, with the audited financial statements in accordance with requirements of Victoria Falls Stock Exchange listing requirements, the Collective Investment Schemes Act [Chapter 24:19] and Securities and Exchange Act [Chapter 24:25]. An unqualified opinion on the audited financial statements has been issued.' (p1); no audit firm, signature or date accompanies it (page image).
    • Statement of comprehensive income (condensed: no profit before tax, other comprehensive income or total comprehensive income line), statement of financial position (heading-row subtotals; no total liabilities), statement of changes in equity, statement of cash flows (indirect method) and notes 1-16 (pp1-2).
    Technical details
    File
    2 pages, with a text layer
    SHA-256
    ad74ab90b50e75bed45c63a46260079ea05bcf30f17304c062ed066c8fe0dc8d
    Entity as printed
    Eagle Real Estate Investment Trust (Incorporated as a Trust and registered with Registration Number SECZ 101143S) (p1)
    Issuer copy
    retrieved 2026-10-08T20:40:40Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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