SFSREIT Q2 2026: NAV, Occupancy Rates & Portfolio Update

SFS Real Estate Investment Trust (SFSREIT) has released its key performance metrics for the period ended 30 June 2026, reporting a Net Asset Value (NAV) of ₦6,096,956,774.62 across a portfolio of eight properties, all located in the Lekki corridor of Lagos State.

Seven of the eight properties are fully operational residential apartment complexes recording 100% occupancy rates. These include Victory Park Estate (12 units, 4.49% yield), Milverton Court Estate (17 units, 3.53% yield), Sapphire Gardens Estate (6 units, 5.88% yield), Bourdillion Court Estate (5 units, 3.51% yield), Cromwell Estate (1 unit, 3.40% yield), Maben Estate (4 units, 5.15% yield), and Victoria Crest Estate (2 units, 5.65% yield). Tenants are a mix of individuals and corporate occupiers on annual tenancy agreements.

The eighth property, Northern Foreshore Estate Phase 4 located off Chief Yemi Idowu Way, Chevron, is currently under construction, recording 0% occupancy and 0.00% yield. The fund's delinquency rate on rents stands at 1.7% across the portfolio. Property ages range from 1 to 16 years among the operational assets.