Corporate Real Estate Management and the Performance of Listed Business Organisations in Nigeria

The import of the real estate assets of business organisations, otherwise known as corporate real estate (CRE), has shifted from being regarded as a mere factor of production to a strategic business resource which can be used to improve the profitability of the organisation. This study evaluates the contributions of corporate real estate management (CREM) to the performance of listed business organisations in Nigeria. Primary data were collected with the aid of questionnaires served on CRE executives of the 105 listed organisations in Nigeria. In addition, secondary data in respect of the profit margin, share price, dividend payout as well as CREM strategies were also extracted from SEC factbook and the annual reports of the organisations. Regression analysis was carried out to determine the level of CREM contribution to the organisations’ profit margin. The result shows that CREM contributed 15.6% and 25.7% to the profit of the organisations in 2010 and 2017 respectively. Omitting the perception of various business organisations could subject the findings of the study to bias. Further research targeted at the customers of the organisations will provide a balanced view. The findings will provide the corporate managers and policy makers with data for efficient utilisation of CRE to business performance and ultimately enhance productivity.