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Nigerian (NSE) Real Estate Sector Analysis
UpdatedApr 07, 2026
DataAggregated Company Financials
Companies5
- 7D-1.5%
- 3M-10.3%
- 1Y54.8%
- YTD-4.2%
Over the last 7 days, the Real Estate industry has dropped 1.5%, driven by a pullback from UPDC of 5.1%. On the other hand UPDC Real Estate Investment Trust is actually up 14%. Over the past 12 months, the industry was up 55%.
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 |
|---|---|---|---|---|---|---|
| Tue, 07 Apr 2026 | ₦130.2b | ₦17.5b | ₦22.0b | 11.6x | 5.9x | 7.4x |
| Thu, 05 Mar 2026 | ₦136.7b | ₦17.8b | ₦5.0b | 12.7x | 27.4x | 7.7x |
| Sat, 31 Jan 2026 | ₦162.5b | ₦17.5b | ₦7.3b | 16.1x | 22.3x | 9.3x |
| Mon, 29 Dec 2025 | ₦130.3b | ₦21.0b | ₦7.1b | 12.4x | 18.4x | 6.2x |
| Wed, 26 Nov 2025 | ₦146.7b | ₦21.0b | ₦7.1b | 12.4x | 20.7x | 7x |
| Fri, 24 Oct 2025 | ₦164.9b | ₦20.1b | ₦8.4b | 12.7x | 19.7x | 8.2x |
| Sun, 21 Sep 2025 | ₦150.7b | ₦20.2b | ₦8.4b | 9.9x | 18x | 7.5x |
| Tue, 19 Aug 2025 | ₦169.8b | ₦20.2b | ₦8.3b | 9.9x | 20.3x | 8.4x |
| Thu, 17 Jul 2025 | ₦122.0b | ₦17.2b | ₦6.7b | 10.3x | 18.2x | 7.1x |
| Sat, 14 Jun 2025 | ₦85.7b | ₦17.2b | ₦6.7b | 8.6x | 12.7x | 5x |
| Mon, 12 May 2025 | ₦86.3b | ₦16.9b | ₦6.9b | 8.3x | 12.5x | 5.1x |
| Wed, 09 Apr 2025 | ₦77.5b | ₦16.2b | ₦7.1b | 8.3x | 10.8x | 4.8x |
| Fri, 07 Mar 2025 | ₦78.3b | ₦16.7b | ₦7.2b | 8.2x | 10.9x | 4.7x |
| Sun, 02 Feb 2025 | ₦61.6b | ₦16.2b | ₦6.7b | 8.2x | 9.2x | 3.8x |
| Tue, 31 Dec 2024 | ₦53.2b | ₦10.7b | ₦6.3b | 9.2x | 8.5x | 5x |
| Thu, 28 Nov 2024 | ₦51.2b | ₦10.7b | ₦6.3b | 9.2x | 8.2x | 4.8x |
| Sat, 26 Oct 2024 | ₦54.9b | ₦9.7b | ₦5.8b | 9.5x | 9.5x | 5.7x |
| Mon, 23 Sep 2024 | ₦57.0b | ₦9.7b | ₦5.8b | 9.5x | 9.9x | 5.9x |
| Wed, 21 Aug 2024 | ₦45.3b | ₦9.7b | ₦5.8b | 6.8x | 7.9x | 4.7x |
| Fri, 19 Jul 2024 | ₦46.8b | ₦8.9b | ₦5.6b | 6.3x | 8.3x | 5.3x |
| Sun, 16 Jun 2024 | ₦47.6b | ₦8.4b | ₦5.4b | 6.3x | 8.8x | 5.7x |
| Tue, 14 May 2024 | ₦46.0b | ₦8.2b | ₦4.9b | 6.3x | 9.4x | 5.6x |
| Thu, 11 Apr 2024 | ₦48.1b | ₦8.2b | ₦4.9b | 6.3x | 9.9x | 5.8x |
| Sat, 09 Mar 2024 | ₦47.6b | ₦10.7b | ₦3.1b | 7.7x | 15.5x | 4.5x |
| Mon, 05 Feb 2024 | ₦59.9b | ₦10.7b | ₦3.1b | 9.5x | 19.5x | 5.6x |
| Wed, 03 Jan 2024 | ₦50.8b | ₦10.6b | ₦3.0b | 10.1x | 17x | 4.8x |
| Fri, 01 Dec 2023 | ₦44.4b | ₦9.8b | ₦2.5b | 6.9x | 17.4x | 4.5x |
| Sun, 29 Oct 2023 | ₦43.3b | ₦9.8b | ₦2.5b | 6.6x | 17x | 4.4x |
| Tue, 26 Sep 2023 | ₦40.1b | ₦9.7b | ₦2.5b | 6.9x | 15.9x | 4.1x |
| Thu, 24 Aug 2023 | ₦37.1b | ₦9.7b | ₦2.5b | 6.2x | 14.7x | 3.8x |
| Sat, 22 Jul 2023 | ₦37.5b | ₦8.6b | ₦2.3b | 5.9x | 16.5x | 4.3x |
| Mon, 19 Jun 2023 | ₦39.0b | ₦8.6b | ₦2.5b | 7.6x | 15.4x | 4.6x |
| Wed, 17 May 2023 | ₦35.7b | ₦8.5b | ₦2.5b | 7.6x | 14.4x | 4.2x |
| Fri, 14 Apr 2023 | ₦34.6b | ₦3.4b | ₦490.6m | 6.7x | 70.4x | 10.2x |
Price to Earnings Ratio
70.4x
Current Industry PE
- Investors are pessimistic on the Nigerian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.9x which is lower than its 3-year average PE of 15.0x.
- The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 7.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 255% per year over the last three years.
- Revenues for these companies have grown 73% 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 | 0.96% | |
| Real Estate | -1.49% | |
| REITS | 8.12% | |
| Real Estate | -4.67% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 65.5x.
- 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 below its 3-year average of 6.0x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UPDCREIT UPDC Real Estate Investment Trust | ₦7.50 | 7.1% +₦1.3b | 33.9% | PB0.6x |