Prime Business AfricaJulius Berger Nigeria Plc, Nigeria Infrastructure Debt Fund (NIDF), UPDC Plc, UPDC Real Estate Investment Trust (UPDCREIT), and Haldane McCall are the five most valuable real estate stocks listed on the Nigerian Exchange Limited (NGX).
According to data obtained from the Nigerian stock market authority, there are eight real estate companies listed on NGX, including Union Homes Real Estate Inv (UHOMREIT), SFS Real Estate Investment Trust (SFSREIT), and Smart Products Nigeria.
Join our WhatsApp ChannelThe publicly-listed companies have a combined valuation of N410.05 billion as of June 5, based on analysis by Prime Business Africa, after dropping by N30.87 billion or 7 percent, as their market capitalisation was N440.93 billion as of January 2, 2025.
Five Most Valuable Real Estate Companies In Nigeria
Julius Berger Nigeria Plc
Julius Berger topped the list of the most valuable real estate companies in Nigeria year-to-date with N189.6 billion, despite the firm’s market capitalisation declining by 23.67 percent during the reviewed period.
The decline represented a loss of N58.8 billion in Julius Berger’s market valuation, which was N248.4 billion at the start of the year.
However, due to a decline in patronage of the company’s shares, Julius Berger’s market valuation fell, as the firm’s share price dropped by N36.75 kobo from N155.25 kobo on January 2 to N118.5 kobo on June 5.
Nigeria Infrastructure Debt Fund
Despite recording no changes within the last five months and one week, the Nigeria Infrastructure Debt Fund is the second most valuable real estate in Nigeria, with N117.92 billion.
The infrastructure company had commenced 2025 with N117,92 billion, however, its shares had traded flat between January 2 and June 5 at N111.7 kobo per share.
UPDC Plc
UPDC Plc took the third spot on the list after its market valuation grew by 73.98 percent in the last five months and one week to N55.86 billion, according to analysis by Prime Business Africa.
Analysis showed that the company’s market capitalisation had increased from N32.10 billion following a high demand for its shares that drove the price from N1.73 kobo per share to N3.01.
The N1.28 kobo increase in UPDC’s share price resulted in a N23.75 billion gain in the company’s market valuation.
UPDC Real Estate Investment Trust (UPDC REIT)
With a N16.27 billion market valuation as of June 5, UPDC Real Estate Investment Trust was ranked fourth on the list of the most valuable real estate companies in Nigeria.
The company’s market valuation had increased by N1.73 billion from N14.54 billion during the reviewed period after UPDC REIT’s share price appreciated by 11.92 percent or N0.65 kobo from N5.45 kobo to N6.1 kobo.
Haldane McCall
Haldane McCall also made the list as the fifth most valuable real estate companies within the country despite its market valuation dropping by N1.93 billion during the period under review..
The decline reduced Haldane McCall’s market valuation to N13,26 billion as of June 5, compared to the N15,20 billion the company was valued at the start of this year.
Prime Business Africa gathered that Haldane McCall’s market valuation plunged following a 12.73 percent or N0.62 kobo decline in its share price, which fell marginally from N4.87 kobo to N4.25 kobo.
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