Nigerian Real Estate Investment Trust (NREIT) reported a pre-tax profit of N3.19 billion for the first quarter of 2026, marking a 333.6% increase from the same period last year.
The sharp rise in profitability highlights a broader trend of earnings resilience among Nigerian listed companies, even as the wider economy navigates structural adjustments.
Aradel Holdings Plc, a major integrated energy company, also posted significant gains, with pre-tax profit jumping 323% to N284 billion in the first quarter.
The results from NREIT align with a wider pattern of strong corporate reporting in the Nigerian market.
Aradel Holdings Plc, a major integrated energy company, also posted significant gains, with pre-tax profit jumping 323% to N284 billion in the first quarter.
Aradel’s surge was driven by strong top-line growth and significant non-cash accounting adjustments, according to earlier reports.
These figures suggest that Nigerian corporates are benefiting from operational efficiencies and favorable accounting treatments, even if broader macroeconomic conditions remain challenging.