International records / OpenAlex research

Performance Analysis of Listed Construction and Real Estate Companies in Nigeria

Executive Summary.The acquisition of shares in investment companies specializing in real estate have become a popular form of indirect property investment. However, the publicly listed real estate and construction companies are only a minute portion of the total commercial real estate market, and the speed of securitization has been very slow in Nigeria. This paper examines the investment performance of listed property and construction companies from 1998 to 2005 with a view to developing their competitive and comparative advantage in attracting investment. The risk-adjustment performance of t…