SFSREIT Q1 2026: NAV, Occupancy Rates and Portfolio Update
SFS Real Estate Investment Trust filed its Q1 2026 key performance metrics report covering the period ended 31 March 2026. The filing discloses the fund's net asset value, property-level yields, occupancy rates, and delinquency data across its eight-property portfolio.
SFS Real Estate Investment Trust (SFSREIT) disclosed its key performance metrics for the quarter ended 31 March 2026, reporting a Net Asset Value (NAV) of ₦6,578,845,645.66. The fund holds eight properties, all residential apartments located across the Lekki corridor in Lagos.
Seven of the eight properties are fully operational, each recording a 100% occupancy rate with annual tenancy arrangements. Property yields among the active assets range from 3.40% at Cromwell Estate to 5.88% at Sapphire Gardens Estate, which is tenanted by corporate occupants. The portfolio spans properties aged between 1 and 16 years.
The eighth property, Northern Foreshore Estate Phase 4 located off Chief Yemi Idowu Way, Chevron, is currently under construction, carries a 0% occupancy rate, and records a 0.00% yield. The fund reported a delinquency rate on rents of 3.8% across the portfolio. The total number of residential units across all eight properties stands at 49, with Milverton Court Estate in Osapa, Lekki carrying the highest unit count at 17.
