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Nigerian (NSE) Real Estate Sector Analysis
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies6
- 7D33.5%
- 3M94.9%
- 1Y85.3%
- YTD76.3%
In the last week, the Real Estate industry is up 34%, with all of the companies up. In the last 12 months, the industry was up 85%.
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 |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | ₦100.7b | ₦16.5b | ₦6.9b | 8.2x | 14.6x | 6.1x |
| Tue, 14 Jan 2025 | ₦59.5b | ₦10.7b | ₦6.3b | 9.2x | 9.5x | 5.6x |
| Thu, 12 Dec 2024 | ₦50.9b | ₦10.7b | ₦6.3b | 9.2x | 8.1x | 4.8x |
| Sat, 09 Nov 2024 | ₦52.5b | ₦10.5b | ₦6.0b | 9.5x | 8.8x | 5x |
| Mon, 07 Oct 2024 | ₦55.1b | ₦9.7b | ₦5.8b | 9.5x | 9.6x | 5.7x |
| Wed, 04 Sep 2024 | ₦46.5b | ₦9.7b | ₦5.8b | 8.2x | 8.1x | 4.8x |
| Fri, 02 Aug 2024 | ₦46.0b | ₦9.1b | ₦5.6b | 6.2x | 8.1x | 5.1x |
| Sun, 30 Jun 2024 | ₦49.3b | ₦8.9b | ₦5.6b | 6.3x | 8.8x | 5.6x |
| Tue, 28 May 2024 | ₦42.9b | ₦8.3b | ₦5.0b | 6.3x | 8.6x | 5.2x |
| Thu, 25 Apr 2024 | ₦44.8b | ₦8.2b | ₦4.9b | 6.4x | 9.2x | 5.5x |
| Sat, 23 Mar 2024 | ₦49.3b | ₦8.2b | ₦2.9b | 6.9x | 16.9x | 6x |
| Mon, 19 Feb 2024 | ₦54.4b | ₦10.7b | ₦3.1b | 8.5x | 17.7x | 5.1x |
| Wed, 17 Jan 2024 | ₦64.2b | ₦10.6b | ₦3.0b | 9.8x | 21.4x | 6.1x |
| Fri, 15 Dec 2023 | ₦44.5b | ₦9.9b | ₦2.6b | 7.1x | 16.9x | 4.5x |
| Sun, 12 Nov 2023 | ₦41.4b | ₦9.8b | ₦2.5b | 6.6x | 16.3x | 4.2x |
| Tue, 10 Oct 2023 | ₦42.2b | ₦9.7b | ₦2.5b | 6.9x | 16.7x | 4.3x |
| Thu, 07 Sep 2023 | ₦39.0b | ₦9.7b | ₦2.5b | 6.7x | 15.5x | 4x |
| Sat, 05 Aug 2023 | ₦37.9b | ₦8.6b | ₦2.3b | 6x | 16.7x | 4.4x |
| Mon, 03 Jul 2023 | ₦40.7b | ₦8.6b | ₦2.3b | 6.8x | 18x | 4.7x |
| Wed, 31 May 2023 | ₦35.9b | ₦8.5b | ₦2.5b | 7.6x | 14.5x | 4.2x |
| Fri, 28 Apr 2023 | ₦35.4b | ₦8.5b | ₦2.5b | 8.3x | 14.4x | 4.2x |
| Sun, 26 Mar 2023 | ₦34.7b | ₦3.0b | -₦5,861,368,344.00 | 8.2x | -5.9x | 11.7x |
| Tue, 21 Feb 2023 | ₦35.1b | ₦3.0b | -₦5,861,368,344.00 | 8.2x | -6x | 11.8x |
| Thu, 19 Jan 2023 | ₦34.7b | ₦3.0b | -₦5,875,809,344.00 | 8.9x | -5.9x | 11.7x |
| Sat, 17 Dec 2022 | ₦34.8b | ₦3.0b | -₦5,864,978,344.00 | 8.9x | -5.9x | 11.8x |
| Mon, 14 Nov 2022 | ₦32.4b | ₦3.1b | -₦5,703,314,344.00 | 8.9x | -5.7x | 10.6x |
| Wed, 12 Oct 2022 | ₦33.9b | ₦3.1b | -₦5,701,654,344.00 | 8.8x | -5.9x | 11x |
| Fri, 09 Sep 2022 | ₦36.3b | ₦3.1b | -₦5,701,654,344.00 | 8.8x | -6.4x | 11.8x |
| Sun, 07 Aug 2022 | ₦38.9b | ₦3.1b | -₦5,701,654,344.00 | 8.8x | -6.8x | 12.7x |
| Tue, 05 Jul 2022 | ₦36.8b | ₦3.1b | -₦5,702,330,344.00 | 8.9x | -6.4x | 12x |
| Thu, 02 Jun 2022 | ₦37.6b | ₦3.0b | -₦5,705,509,344.00 | 8.9x | -6.6x | 12.4x |
| Sat, 30 Apr 2022 | ₦38.6b | ₦3.0b | -₦5,711,689,344.00 | 8.9x | -6.8x | 12.8x |
| Mon, 28 Mar 2022 | ₦34.2b | ₦4.3b | ₦2.2b | 7.3x | 15.7x | 8x |
| Wed, 23 Feb 2022 | ₦38.2b | ₦4.3b | ₦2.2b | 7.4x | 17.5x | 8.9x |
Price to Earnings Ratio
17.5x
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 14.6x which is higher than its 3-year average PE of 7.0x.
- The 3-year average PS ratio of 7.4x is higher than the industry's current PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 57% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Real Estate sector?
| NG Market | 2.61% | |
| Real Estate | 33.52% | |
| Real Estate | 42.46% | |
| REITS | 13.67% | |
| Specialized REITs | 0% | 0 |
| Residential REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Industrial REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| Retail REITs | 0% | 0 |
| Office REITs | 0% | 0 |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 46.2x.
- 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 2.9x.
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 | |
|---|---|---|---|---|---|
| UPDC UPDC | ₦3.78 | 45.9% +₦22.1b | 136.3% | PE76.5x | |
| UPDCREIT UPDC Real Estate Investment Trust | ₦7.40 | 19.4% +₦3.2b | 25.4% | PB0.6x | |
| SMURFIT Smart Products Nigeria | ₦0.26 | 30.0% +₦2.8m | 30.0% | PE1.4x |