COMPANY DESCRIPTION |
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The ILAM Fahari I-REIT is closed-ended and its units are listed on the Nairobi Securities Exchange. Consequently, the market price of the Units is market driven and may not necessarily be equal to the Net Asset Value of the ILAM Fahari I-REIT. However, the I-REIT Scheme may undertake secondary offers as and when the need arises. Prospective investors should note that there is currently no active secondary market for a REIT in Kenya.
Objective: The ILAM 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. Tax Transparency: The REIT is exempt from income tax. However, unit holders are subject to withholding tax on income they receive from the REIT at the applicable KRA tax rates.
Transparent investment vehicle: Investors are able to understand exactly what you’re invested in. From the actual assets, costs and returns.
Accessibility: Units of the I-REIT can more easily be bought or sold in the stock exchange. Investors do not have to deal with the complexity of selling a physical property. Liquidity: The ILAM Fahari I-REIT is listed on the Kenyan NSE therefore creating a secondary market for I-REIT units. Returns: The ILAM Fahari I-REIT benefits from underlying properties’ Capital Gains and Rental Income. Giving investors exposure to a consistent return profile in the long-term. Regulatory Oversight: The ILAM Fahari I-REIT has been approved and is constantly being monitored by the Kenyan Capital Markets Authority (CMA).
Investable Universe: Of the Direct Property allocation, the I-REIT is permitted invest in various sectors including: Mixed-use developments Retail (shopping centers) Commercial (offices) Industrial (warehousing and logistics) Hospitality (i.e., hotels and resorts) Residential Specialized buildings (i.e., student accommodation, schools, manufacturing facilities, hospitals) |
Address | ICEA LION Centre, Riverside Park, Chiromo Road, Westlands P.O. Box 46143-00100 Nairobi, Kenya |
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Phone | +254 719 071 000 / +254 730 151 000 |
Website | ILAM FAHARI |
Ticker Symbol | FAHR |
Nairobi Securities Exchange - NSE REAL ESTATE INVESTMENT TRUST INDUSTRY | |||
COMPANY NAME | ISIN CODE | TICKER | MARKET CAP |
KE5000003656 | FAHR |
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