Header cover image

Nigerian (NSE) Real Estate Sector Analysis

UpdatedMay 24, 2024
DataAggregated Company Financials
Companies5
  • 7D-9.6%
  • 3M-15.6%
  • 1Y20.7%
  • YTD-15.6%

Over the last 7 days, the Real Estate industry has dropped 9.6%, driven by declines from every company within the industry. Over the past 12 months, the industry was up 21%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 May 2024₦42.9b₦8.2b₦4.9b6.3x8.8x5.2x
Mon, 22 Apr 2024₦43.2b₦8.2b₦4.9b6.4x8.9x5.3x
Wed, 20 Mar 2024₦49.9b₦8.2b₦2.9b7.4x17.1x6.1x
Fri, 16 Feb 2024₦54.4b₦10.7b₦3.1b8.5x17.7x5.1x
Sun, 14 Jan 2024₦57.2b₦10.6b₦3.0b9.5x19.1x5.4x
Tue, 12 Dec 2023₦44.4b₦9.9b₦2.6b7.5x16.9x4.5x
Thu, 09 Nov 2023₦38.9b₦9.8b₦2.5b6.5x15.3x4x
Sat, 07 Oct 2023₦41.8b₦9.7b₦2.5b6.8x16.6x4.3x
Mon, 04 Sep 2023₦41.7b₦9.7b₦2.5b6.9x16.5x4.3x
Wed, 02 Aug 2023₦37.0b₦8.6b₦2.3b6x16.3x4.3x
Fri, 30 Jun 2023₦41.0b₦8.6b₦2.3b6.8x18.2x4.8x
Sun, 28 May 2023₦35.9b₦8.5b₦2.5b7.6x14.5x4.2x
Tue, 25 Apr 2023₦35.2b₦8.5b₦2.5b8.3x14.3x4.2x
Thu, 23 Mar 2023₦35.4b₦3.0b-₦5,861,368,344.008.2x-6x11.9x
Sat, 18 Feb 2023₦34.5b₦3.0b-₦5,861,368,344.008.2x-5.9x11.6x
Mon, 16 Jan 2023₦35.7b₦3.0b-₦5,875,809,344.008.9x-6.1x12.1x
Wed, 14 Dec 2022₦33.1b₦3.0b-₦5,864,978,344.008.9x-5.7x11.2x
Fri, 11 Nov 2022₦32.4b₦3.1b-₦5,703,314,344.008.9x-5.7x10.6x
Sun, 09 Oct 2022₦33.9b₦3.1b-₦5,701,654,344.008.8x-5.9x11x
Tue, 06 Sep 2022₦36.4b₦3.1b-₦5,701,654,344.008.8x-6.4x11.9x
Thu, 04 Aug 2022₦38.9b₦3.1b-₦5,701,654,344.008.8x-6.8x12.7x
Sat, 02 Jul 2022₦36.8b₦3.1b-₦5,702,330,344.008.9x-6.4x12x
Mon, 30 May 2022₦37.2b₦3.0b-₦5,705,509,344.008.9x-6.5x12.3x
Wed, 27 Apr 2022₦35.0b₦3.0b-₦5,724,569,344.009.6x-6.1x11.6x
Fri, 25 Mar 2022₦34.8b₦4.3b₦2.2b7.3x15.9x8.1x
Sun, 20 Feb 2022₦38.3b₦4.3b₦2.2b7.3x17.5x9x
Tue, 18 Jan 2022₦40.8b₦4.3b₦2.2b7.5x18.5x9.5x
Thu, 16 Dec 2021₦40.8b₦4.5b₦2.5b7.2x16.6x9.1x
Sat, 13 Nov 2021₦52.7b₦4.5b₦2.5b8.4x21.4x11.7x
Mon, 11 Oct 2021₦59.2b₦4.5b₦2.5b8.1x24.1x13.2x
Wed, 08 Sep 2021₦56.0b₦4.5b₦2.5b8.1x22.8x12.5x
Fri, 06 Aug 2021₦45.5b₦4.5b₦2.5b8.1x18.5x10.1x
Price to Earnings Ratio

15.5x


Total Market Cap: ₦38.1bTotal Earnings: ₦2.5bTotal Revenue: ₦4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Real Estate Sector Price to Earnings3Y Average 9.4x202220232024
Current Industry PE
  • Investors are relatively neutral on the Nigerian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 9.4x.
  • The 3-year average PS ratio of 8.6x is higher than the industry's current PS ratio of 5.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 22% 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-0.80%
Real Estate-9.63%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
Office REITs0%
REITS-8.24%
Real Estate-10.60%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 85.3x.
    • 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 4.1x.
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
No data available
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

UPDC

₦1.24

UPDC

7D

-11.4%

1Y

21.6%

UPDCREIT

₦4.10

UPDC Real Estate Investment Trust

7D

-3.5%

1Y

28.1%