SFSREIT Q3 2026: NAV, Occupancy Rates and Portfolio Update

SFS Real Estate Investment Trust (SFSREIT) has disclosed its key performance metrics for the quarter ending 30 September 2026, reporting a Net Asset Value (NAV) of ₦6,243,390,178.44. The trust holds nine properties, all classified as residential apartments and located across the Lekki corridor in Lagos.

Eight of the nine properties are fully occupied, each recording a 100% occupancy rate. The ninth property, Freeman Estate in Ikota, Lekki, is currently under construction and records a 0% occupancy rate with a yield of 0.00%. The trust reported a delinquency rate on rents of 1.6% across the portfolio.

Property yields among the occupied assets range from 3.40% at Cromwell Estate to 5.88% at Sapphire Gardens Estate in Awoyaya. Tenancy across all active properties runs on an annual basis, with tenants being a mix of individuals and corporate occupiers. Property ages range from under one year to 16 years, with Victory Park Estate in Igbokushu being the oldest asset in the portfolio. The total number of units across all nine properties stands at 47.