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Nigerian (NSE) Real Estate Sector Analysis
UpdatedDec 05, 2025
DataAggregated Company Financials
Companies5
- 7D-2.8%
- 3M-11.3%
- 1Y140.0%
- YTD119.3%
Over the last 7 days, the Real Estate industry has dropped 2.8%, driven by UPDC declining 4.2%. Over the past 12 months, the industry was up 140%.
Sector Valuation and Performance
Has the Nigerian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 05 Dec 2025 | ₦125.3b | ₦21.0b | ₦7.1b | 12.4x | 17.7x | 6x |
| Sun, 02 Nov 2025 | ₦151.5b | ₦21.0b | ₦7.0b | 12.4x | 21.7x | 7.2x |
| Tue, 30 Sep 2025 | ₦149.0b | ₦20.2b | ₦8.4b | 9.9x | 17.8x | 7.4x |
| Thu, 28 Aug 2025 | ₦158.6b | ₦20.2b | ₦8.4b | 9.9x | 19x | 7.9x |
| Sat, 26 Jul 2025 | ₦132.8b | ₦17.2b | ₦6.7b | 10.3x | 19.8x | 7.7x |
| Mon, 23 Jun 2025 | ₦85.7b | ₦17.2b | ₦6.7b | 8.6x | 12.7x | 5x |
| Wed, 21 May 2025 | ₦86.3b | ₦16.8b | ₦6.7b | 7.9x | 12.8x | 5.1x |
| Fri, 18 Apr 2025 | ₦80.5b | ₦16.2b | ₦7.1b | 8.3x | 11.3x | 5x |
| Sun, 16 Mar 2025 | ₦84.2b | ₦16.7b | ₦7.2b | 8.6x | 11.7x | 5x |
| Tue, 11 Feb 2025 | ₦80.2b | ₦16.5b | ₦6.9b | 8.2x | 11.6x | 4.9x |
| Thu, 09 Jan 2025 | ₦62.7b | ₦10.7b | ₦6.3b | 9.2x | 10x | 5.9x |
| Sat, 07 Dec 2024 | ₦52.1b | ₦10.7b | ₦6.3b | 9.2x | 8.3x | 4.9x |
| Mon, 04 Nov 2024 | ₦53.8b | ₦10.5b | ₦6.0b | 9.5x | 9x | 5.1x |
| Wed, 02 Oct 2024 | ₦57.0b | ₦9.7b | ₦5.8b | 9.5x | 9.9x | 5.9x |
| Fri, 30 Aug 2024 | ₦44.8b | ₦9.7b | ₦5.8b | 8.2x | 7.8x | 4.6x |
| Sun, 28 Jul 2024 | ₦44.7b | ₦9.1b | ₦5.7b | 6.3x | 7.9x | 4.9x |
| Tue, 25 Jun 2024 | ₦47.4b | ₦8.9b | ₦5.6b | 6.3x | 8.4x | 5.4x |
| Thu, 23 May 2024 | ₦41.9b | ₦8.2b | ₦4.9b | 6.3x | 8.6x | 5.1x |
| Sat, 20 Apr 2024 | ₦43.2b | ₦8.2b | ₦4.9b | 6.4x | 8.9x | 5.3x |
| Mon, 18 Mar 2024 | ₦51.8b | ₦8.2b | ₦2.9b | 8x | 17.7x | 6.3x |
| Wed, 14 Feb 2024 | ₦57.5b | ₦10.7b | ₦3.1b | 8.5x | 18.7x | 5.4x |
| Fri, 12 Jan 2024 | ₦60.3b | ₦10.6b | ₦3.0b | 9.8x | 20.1x | 5.7x |
| Sun, 10 Dec 2023 | ₦45.3b | ₦9.9b | ₦2.6b | 7.4x | 17.2x | 4.6x |
| Tue, 07 Nov 2023 | ₦42.8b | ₦9.8b | ₦2.5b | 6.5x | 16.8x | 4.4x |
| Thu, 05 Oct 2023 | ₦41.4b | ₦9.7b | ₦2.5b | 6.8x | 16.4x | 4.3x |
| Sat, 02 Sep 2023 | ₦41.1b | ₦9.7b | ₦2.5b | 6.9x | 16.3x | 4.2x |
| Mon, 31 Jul 2023 | ₦38.0b | ₦8.6b | ₦2.3b | 5.9x | 16.7x | 4.4x |
| Wed, 28 Jun 2023 | ₦40.8b | ₦8.6b | ₦2.3b | 6.8x | 18.1x | 4.7x |
| Fri, 26 May 2023 | ₦35.6b | ₦8.5b | ₦2.5b | 7.6x | 14.4x | 4.2x |
| Sun, 23 Apr 2023 | ₦35.2b | ₦8.5b | ₦2.5b | 8.3x | 14.3x | 4.2x |
| Tue, 21 Mar 2023 | ₦35.4b | ₦3.0b | -₦5,861,368,344.00 | 8.2x | -6x | 11.9x |
| Thu, 16 Feb 2023 | ₦34.7b | ₦3.0b | -₦5,861,368,344.00 | 8.2x | -5.9x | 11.7x |
| Sat, 14 Jan 2023 | ₦35.7b | ₦3.0b | -₦5,875,809,344.00 | 8.9x | -6.1x | 12.1x |
| Mon, 12 Dec 2022 | ₦33.5b | ₦3.0b | -₦5,864,978,344.00 | 8.9x | -5.7x | 11.3x |
Price to Earnings Ratio
-5.7x
Current Industry PE
- Investors are optimistic on the Nigerian Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.7x which is higher than its 3-year average PE of 11.6x.
- The industry is trading close to its 3-year average PS ratio of 6.1x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 92% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Real Estate sector?
| NG Market | 1.86% | |
| Real Estate | -2.82% | |
| REITS | 0.98% | |
| Real Estate | -3.84% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 56.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the REITS industry, which is trading close to its 3-year average of 4.7x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UPDCREIT UPDC Real Estate Investment Trust | ₦6.80 | 3.0% +₦533.7m | 32.0% | PB0.5x |