Sector: Real Estate Investment Trusts
Real Estate Investment Trusts
KES 5.68
End of day - Feb 09, 2024
Price Information
Previous:
5.68
Open:
5.68
Average:
5.68
Deals:
-
Volume:
-
Turnover:
-
RANGE
Day:
- - -
52-week:
5.38 - 10.00
Other Information
Average Volume:
11,610
BETA:
0.93
Shares Issued:
625.00M
Year End:
December 31
Par Value:
-
Profile
The STANLIB Fahari I-REIT is Kenya’s first Real Estate Investment Trust (REIT). The Fund aims to provide investors with a steady stream of income and capital growth by investing at least 75% of its Total Asset Value (“TAV”) in real estate in strategic locations within Kenya with a maximum of 25% invested in cash investments or cash-like instruments. The STANLIB Fahari I-REIT is closed-ended and its units are listed on the Nairobi Securities Exchange. Of the Direct Property allocation, the I-REIT will invest as per the permitted sectors including: Mixed Use Developments, Retail (Shopping Centers), Commercial (Offices), Industrial ( Warehousing and Logistics), Hospitality, Residential, Specialized Buildings, Schools, Manufacturing Facilities and Hospitals.
