South Africa Leads Africa's $30 Billion REIT Market in 2026

The Africa Real Estate Investment Trust Report by Fortren & Company reveals that Africa's REIT market consists of 49 operational REITs with an estimated market value of $30 billion and a listed market capitalisation of approximately $21 billion. South Africa dominates this market, accounting for over $27 billion, or about 92% of the total value.

Morocco follows with around $700 million, while Kenya and Zimbabwe have values of about $250 million and $130 million, respectively. Nigeria's five REITs have a combined market capitalisation of $230 million, placing it behind South Africa, Morocco, and Kenya.

Watumishi Housing, the largest REIT in Tanzania, focuses on residential properties and has a market value of $30 million, managed by Arch. Sephania Solomon.

In Ghana, Rangoon Real Estate Investment Trust, valued at $40 million, specializes in commercial properties. REIZ-REIT, the largest in Zambia, has a market capitalisation of $80 million and is primarily focused on retail and office properties.