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: ikeja@diyafatimilehin.net www.diyafatimilehin.net