About

An income-REIT is a real estate investment scheme which owns and manages income generating real estate for the benefit of its investors. Distributions to investors are underpinned by commercial leases. This means that income returns are predictable and generally less volatile. The I-REIT provides an instrument for investing in the real estate market which offers both liquidity and a stable income stream.

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 a closed-ended fund and its units are listed on the Nairobi Securities Exchange under the main markets segment under the Real Estate Investment Trust section code FAHR. Once the initial public offer was concluded in November 2015, units of the STANLIB Fahari I-REIT could only be traded through the NSE. Consequently, the market price of the Units is market driven and may not necessarily be equal to the Net Asset Value of the STANLIB Fahari I-REIT. However, the I-REIT Scheme may undertake secondary offers as and when the need arises.

Objective

The STANLIB Fahari I-REIT aims to provide consistent income and capital growth in the long-term. Our active management approach targets quality physical properties within carefully chosen economically growing nodes.

Diversification

Property is not correlated with other asset classes. Investing in property may improve a portfolio’s risk return profile.

No Taxes

The income earned by the I-REIT enjoys exemption from income tax, under section 20 of the Kenyan Income Tax Act. As a result of this exemption, all income generated and distributed by the I-REIT is taxable in the hands of the unitholders, to the extent that those unitholders are not exempt from tax.

Transparent investment vehicle

Investors are able to understand exactly what you’re invested in, from the actual assets, costs and returns.

Accessibility

An I-REIT can more easily be bought or sold. Investors do not have to deal with the complexity of selling a physical property.

Liquidity

The STANLIB Fahari I-REIT is listed on the Kenyan NSE therefore creating a secondary market for I-REIT shares.

Returns

The STANLIB Fahari I-REIT will benefit from underlying properties’ capital gains and rental income giving investors exposure to a consistent stable return profile in the long-term.

Regulatory Oversight

The STANLIB Fahari I-REIT has been approved and will be monitored by the Kenyan Capital Markets Authority (CMA).

Investable Universe

Of the Direct Property allocation, the I-REIT will invest as per the permitted sectors including:

  • Mixed-use developments
  • Retail (shopping centres)
  • Commercial (offices)
  • Industrial (warehousing and logistics)
  • Hospitality (i.e. hotels and resorts)
  • Residential
  • Specialized buildings (i.e. student accommodation, schools, manufacturing facilities, hospitals)

News & Updates

  • Real estate investment treads in profit announcement

    24.03.2017, NTV

    The Stanlib Fahari Real Estate Investment Trust has a posted a return of Ksh106 million for its first13 months of operations...

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  • Stanlib Fahari-Reit post Ksh108M

    24.03.2017, K24

    Stanlib Fahari-Reit has posted Ksh108M net profit for the year that ended in December 2016...

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  • Stanlib Fahari records 1.2M dollars in earning

    24.03.2017, CNBC Africa

    Nairobi listed Stanlib Fahari I-Reit has posted 1.2 million dollars in earnings for the full year to December 2016, the profit was boosted by 3.3 million dollars in revenues...

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  • Stanlib Fahari I-REIT post Ksh 106 million net profit

    24.03.2017, Classic 105

    Kenya's first real estate trust fund,Stanlib Fahari I-REIT has recorded Sh106 million in net profit for the year ended 2016...

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  • Stanlib Fahari I-REI post Ksh 108 million net profit

    24.03.2017, Capital FM

    Kenya's first real estate trust fund,Stanlib Fahari I-REIT has recorded Sh108 million in net profit for the year ended 2016...

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  • Faharl I-REIT posts Sh106m net profit in 13 months following 2015 NSE listing

    25.03.2017, The Star

    Stanllb- owned Fahari I- Reit reported on Friday net profit for 13 months through December 2016 reached Sh106 million following Its listing on the Nairobi Securities Exchange In November 2015...

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  • Fahari real estate fund plans to raise Sh9bn in cash call

    27.03.2017, Business Daily

    Real estate fund Stanlib Fahari I-Reit plans to raise Sh9 billion later this year from current and new investors to fund the purchase of more propertie...

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  • Stanlib Fahari records 1.2M dollars in earnings

    24.03.2017, CNBC

    Nairobi listed Stanlib Fahari I-Reit has posted 1.2 million dollars in earnings for the full year to December 2016, the profit was boosted by 3.3 million dollars in revenues...

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Issued press releases