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Nigerian (NSE) Real Estate Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies5
  • 7D-0.6%
  • 3M-14.5%
  • 1Y126.1%
  • YTD-0.6%

Over the last 7 days, the Real Estate industry has remained flat, although notably UPDC Real Estate Investment Trust gained 31%. The past year has been better, since the industry has gained 126% in that time.

Sector Valuation and Performance

Has the Nigerian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026₦135.1b₦21.3b₦7.3b12.4x18.4x6.4x
Wed, 10 Dec 2025₦125.9b₦21.0b₦7.1b12.4x17.8x6x
Fri, 07 Nov 2025₦158.7b₦21.0b₦7.0b12.4x22.7x7.6x
Sun, 05 Oct 2025₦157.5b₦20.1b₦8.4b11.7x18.8x7.8x
Tue, 02 Sep 2025₦150.5b₦20.2b₦8.4b9.9x18x7.5x
Thu, 31 Jul 2025₦144.6b₦17.2b₦6.7b10.3x21.5x8.4x
Sat, 28 Jun 2025₦96.6b₦17.2b₦6.7b8.6x14.4x5.6x
Mon, 26 May 2025₦86.6b₦16.8b₦6.7b8.5x12.9x5.2x
Wed, 23 Apr 2025₦81.2b₦16.0b₦6.7b8.3x12.2x5.1x
Fri, 21 Mar 2025₦84.1b₦16.7b₦7.2b8.6x11.7x5x
Sun, 16 Feb 2025₦100.7b₦16.5b₦6.9b8.2x14.6x6.1x
Tue, 14 Jan 2025₦59.5b₦10.7b₦6.3b9.2x9.5x5.6x
Thu, 12 Dec 2024₦50.9b₦10.7b₦6.3b9.2x8.1x4.8x
Sat, 09 Nov 2024₦52.5b₦10.5b₦6.0b9.5x8.8x5x
Mon, 07 Oct 2024₦55.1b₦9.7b₦5.8b9.5x9.6x5.7x
Wed, 04 Sep 2024₦46.5b₦9.7b₦5.8b8.2x8.1x4.8x
Fri, 02 Aug 2024₦46.0b₦9.1b₦5.6b6.2x8.1x5.1x
Sun, 30 Jun 2024₦49.3b₦8.9b₦5.6b6.3x8.8x5.6x
Tue, 28 May 2024₦42.9b₦8.3b₦5.0b6.3x8.6x5.2x
Thu, 25 Apr 2024₦44.8b₦8.2b₦4.9b6.4x9.2x5.5x
Sat, 23 Mar 2024₦49.3b₦8.2b₦2.9b6.9x16.9x6x
Mon, 19 Feb 2024₦54.4b₦10.7b₦3.1b8.5x17.7x5.1x
Wed, 17 Jan 2024₦64.2b₦10.6b₦3.0b9.8x21.4x6.1x
Fri, 15 Dec 2023₦44.5b₦9.9b₦2.6b7.1x16.9x4.5x
Sun, 12 Nov 2023₦41.4b₦9.8b₦2.5b6.6x16.3x4.2x
Tue, 10 Oct 2023₦42.2b₦9.7b₦2.5b6.9x16.7x4.3x
Thu, 07 Sep 2023₦39.0b₦9.7b₦2.5b6.7x15.5x4x
Sat, 05 Aug 2023₦37.9b₦8.6b₦2.3b6x16.7x4.4x
Mon, 03 Jul 2023₦40.7b₦8.6b₦2.3b6.8x18x4.7x
Wed, 31 May 2023₦35.9b₦8.5b₦2.5b7.6x14.5x4.2x
Fri, 28 Apr 2023₦35.4b₦8.5b₦2.5b8.3x14.4x4.2x
Sun, 26 Mar 2023₦34.7b₦3.0b-₦5,861,368,344.008.2x-5.9x11.7x
Tue, 21 Feb 2023₦35.1b₦3.0b-₦5,861,368,344.008.2x-6x11.8x
Thu, 19 Jan 2023₦34.7b₦3.0b-₦5,875,809,344.008.9x-5.9x11.7x
Price to Earnings Ratio

-5.9x


Total Market Cap: ₦34.7bTotal Earnings: -₦5,875,809,344.00Total Revenue: ₦3.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Real Estate Sector Price to Earnings3Y Average 12.5x202420252026
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 18.4x which is higher than its 3-year average PE of 12.5x.
  • The industry is trading close to its 3-year average PS ratio of 5.9x.
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 93% 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 Market2.26%
Real Estate-0.56%
REITS20.37%
Real Estate-6.03%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 59.1x.
    • 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.0x.
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?

CompanyLast Price7D1YValuation
UPDCREIT UPDC Real Estate Investment Trust₦9.0519.9%
+₦4.0b		64.5%PB0.7x

Latest News

UPDCREIT
₦9.05
UPDC Real Estate Investment Trust
7D
19.9%
1Y
64.5%
UPDC
₦5.50
UPDC
7D
-3.5%
1Y
197.3%