STANLIB Fahari I-REIT‟s net profit for the first half of 2019 amounted to KShs 76.4 million, a 16% growth on the previous financial period‟s net profit. This translates to distributable earnings of 42 cents per unit (June 2018: 36 cents).
STANLIB Fahari I-REIT has realized a net profit growth of 13% for the year ended 31 December
2018 which translates to KShs 193 Million. The results by the first and only real estate investment
trust in Kenya listed on the Nairobi Securities Exchange – were buoyed by a net revaluation gain on
its investment property of KShs 65 million.
Tuesday 3rd July 2018, Nairobi: The Board of Directors of STANLIB Kenya Limited (STANLIB) has today announced the appointment of Ms. Nozipho Makhoba as the Acting Chief Executive Officer of the STANLIB Fahari I-REIT (Fahari-I-REIT) effective 1st July 2018. Nozipho replaces Mr. Kenneth Masika whose contract came to an end on 30th June 2018.
Nairobi, August 15, 2016...STANLIB’s Fahari I-REIT has registered an impressive 6.5 per cent interim half year return following its successful listing on the Nairobi Securities Exchange (NSE) last year.