The Nigerian Real Estate Investment Trust (NREIT) has announced its Series 6 offer aimed at raising N30.4 billion to expand its real estate portfolio. The offer, which opens on July 20, 2026, and closes on August 21, 2026, invites both existing and new investors to subscribe to units at N100 per unit.
Details of the Offer
According to a statement from NREIT, the proceeds from the offer will be used to acquire income-generating properties across Nigeria's major commercial hubs, including Lagos, Abuja, and Port Harcourt. The trust plans to diversify its holdings into office spaces, retail centers, and logistics facilities to enhance rental income and capital appreciation.
NREIT's Managing Director, Mr. Tunde Adeyemi, said, "This Series 6 offer represents a strategic step in our growth trajectory. We are committed to delivering consistent returns to our unitholders while expanding our footprint in Nigeria's real estate market."
Investment Terms and Benefits
Investors can purchase a minimum of 100 units (N10,000) and enjoy quarterly dividend distributions. The offer is structured to provide liquidity through the Nigerian Exchange (NGX) where NREIT units are traded. The trust reported a 12% increase in net asset value in the previous financial year, driven by strong occupancy rates in its existing properties.
NREIT's portfolio currently comprises 15 properties valued at over N120 billion, with an average occupancy rate of 85%. The new acquisition targets are expected to boost the portfolio value by 25% and improve dividend yields.
Market Context
The offer comes amid growing interest in real estate investment trusts in Nigeria, as investors seek alternatives to traditional fixed-income instruments. NREIT's Series 6 offer is open to individuals, institutional investors, and foreign participants, subject to regulatory approvals.
Analysts note that the success of the offer will depend on market conditions and investor confidence in the real estate sector. NREIT has engaged several issuing houses and stockbroking firms to ensure a wide distribution of the offer.
Conclusion
With a track record of stable dividends and portfolio growth, NREIT aims to leverage this capital raise to solidify its position as a leading real estate investment vehicle in Nigeria. The offer is expected to close on August 21, 2026, with allotments to successful applicants shortly thereafter.
