Pension Funds investment in Real Estate Investment Trusts, REITs, increased astronomically to N77.8 billion in the first half of 2025, H125. This is massive 417.8 percent jump from N15.028 billion recorded in the same period of 2024, HI24, a reflection of improved interest in the trust.
Meanwhile, direct investments of pension funds by Pension Funds Administrators, PFAs, in real estate declined by 7.4 to N255.9 billion from N276.4 billion in H124.
These are contained in the report on pension funds industry portfolio released by the National Pension Commission, PenCom.
This decline reflects PFAs low risk appetite towards non-corporate real estate portfolios.