October 05, 2026
S1 VDNG: REIT performance results for September 2026
#S1 VDNG, S1 DNK
S1 REIT continues to regularly pay dividends to investors of the S1 VDNG REIT and shares the latest performance metrics.
Actual annual return
For the period from October 1, 2025, to September 30, 2026, the actual annual return of the fund calculated using the IRR formula was:
- 24.8% in UAH
- 14.9% in USD
Key REIT metrics as of September 30, 2026
7.19 UAH — accrued dividends per 1 certificate;
55,225,634.38 UAH — actual value of fund assets;
47,537 pcs. — actual number of certificates in circulation;
Almost 4 million UAH — total amount of accrued dividends since the fund's inception.
- 7.19 UAH — accrued dividends per 1 certificate;
- 55,225,634.38 UAH — actual value of fund assets;
- 47,537 pcs. — actual number of certificates in circulation;
- Almost 4 million UAH — total amount of accrued dividends since the fund's inception.
Fully sold out and generating income
The S1 VDNG fund holds ready-to-use rental real estate — a fully functioning and occupied profitable apartment building in Kyiv under the Build-to-Rent format. The S1 VDNG apartment building generates rental income, which is directed toward dividend payouts for investors. At the same time, thanks to its concept and high demand, the property continues to appreciate in value, allowing fund investors to also earn from capitalization.
An alternative for new investments — the S1 DNK REIT
For those looking for an opportunity to invest in income-producing real estate right now, a new fund, S1 DNK, has been available since September 2026.
Its model combines two types of assets: ready-to-use rental real estate at VDNG and the promising S1 Obolon asset. This allows investors to simultaneously gain exposure to an already operating rental asset and participate in the capital growth of a project during its implementation phase.
S1 DNK is created using a model that combines potential dividend income and capitalization: part of the income is generated from rental operations, while another part is directed toward increasing the value of the fund's assets.
Understanding the numbers
IRR is the internal rate of return for a hypothetical investment on an annualized basis. This metric takes into account the time the funds were actively managed by the fund and makes it possible to evaluate the annual efficiency of the investment. If an investor purchased certificates at a different price or on a different date, their individual investment return will vary.
Disclaimer: The presented figures are historical and do not guarantee similar results in the future. Changes in certificate value depend on market conditions and are not a guarantee of profitability. Forecasted figures are not a guarantee of income.
