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Nigerian (NSE) Real Estate Sector Analysis

UpdatedJun 07, 2023
DataAggregated Company Financials
  • 7D2.3%
  • 3M0.7%
  • 1Y0.8%
  • YTD9.6%

In the last week, the Real Estate industry is up 2.3%, with all of the companies up. Despite this gain, the industry's performance has been flat over the past year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jun 2023₦36.7b₦8.5b₦2.5b7.6x14.8x4.3x
Fri, 05 May 2023₦35.0b₦8.5b₦2.5b7.6x14.1x4.1x
Sun, 02 Apr 2023₦36.7b₦3.0b-₦5,861,368,344.008.2x-6.3x12.3x
Tue, 28 Feb 2023₦34.5b₦3.0b-₦5,861,368,344.008.2x-5.9x11.6x
Thu, 26 Jan 2023₦34.2b₦3.0b-₦5,875,809,344.008.9x-5.8x11.5x
Sat, 24 Dec 2022₦33.1b₦3.0b-₦5,864,978,344.008.9x-5.6x11.2x
Mon, 21 Nov 2022₦31.8b₦3.1b-₦5,703,314,344.008.9x-5.6x10.4x
Wed, 19 Oct 2022₦33.5b₦3.1b-₦5,701,654,344.008.8x-5.9x10.9x
Fri, 16 Sep 2022₦34.6b₦3.1b-₦5,701,654,344.008.8x-6.1x11.3x
Sun, 14 Aug 2022₦37.4b₦3.1b-₦5,701,654,344.008.8x-6.6x12.2x
Tue, 12 Jul 2022₦41.1b₦3.1b-₦5,702,330,344.008.9x-7.2x13.4x
Thu, 09 Jun 2022₦36.4b₦3.0b-₦5,705,509,344.008.9x-6.4x12x
Sat, 07 May 2022₦37.8b₦3.0b-₦5,705,509,344.008.9x-6.6x12.5x
Mon, 04 Apr 2022₦31.2b₦4.3b₦2.2b7x14.3x7.3x
Wed, 02 Mar 2022₦37.7b₦4.3b₦2.2b7.3x17.3x8.8x
Fri, 28 Jan 2022₦39.6b₦4.3b₦2.2b7.3x17.9x9.2x
Sun, 26 Dec 2021₦40.1b₦4.1b₦2.2b7.5x18.2x9.7x
Tue, 23 Nov 2021₦51.8b₦4.5b₦2.5b8.1x21x11.5x
Thu, 21 Oct 2021₦58.6b₦4.5b₦2.5b8.1x23.8x13x
Sat, 18 Sep 2021₦56.6b₦4.5b₦2.5b8.1x23x12.6x
Mon, 16 Aug 2021₦46.0b₦4.5b₦2.5b8.1x18.7x10.2x
Mon, 31 May 2021₦38.1b₦4.5b₦2.5b8x15.5x8.5x
Thu, 04 Mar 2021₦39.9b₦4.6b₦2.1b8x18.9x8.6x
Sun, 06 Dec 2020₦39.7b₦3.7b-₦14,182,148,856.008.8x-2.8x10.8x
Wed, 09 Sep 2020₦35.0b₦4.1b-₦14,088,137,856.007x-2.5x8.6x
Price to Earnings Ratio


Total Market Cap: ₦21.8bTotal Earnings: -₦14,088,137,856.00Total Revenue: ₦4.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Real Estate Sector Price to Earnings3Y Average 6.4x202120222023
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 14.8x which is higher than its 3-year average PE of 6.4x.
  • The 3-year average PS ratio of 9.9x is higher than the industry's current PS ratio of 4.3x.
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 28% 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 Market0.36%
Real Estate2.29%
Real Estate2.72%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
Office REITs0%
Industry PE
  • Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 54.2x.
    • 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 4.6x.
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
UPDC UPDC₦1.114.7%
UPDCREIT UPDC Real Estate Investment Trust₦3.353.1%
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UPDC Real Estate Investment Trust