Stanlib Fahari I-REIT has announced a dividend of 75 cents per unit

Declaration date: 29/03/2019

Pay date: 30/04/2019

For year end date: 31/12/2018

Period end date: 31/12/2018

Gross dividend: 0.75

Net dividend: 0.7125

Marker: FNL

Frequency: ANL

Tax rate: 5

About the company

Stanlib Fahari I-REIT is Kenya’s first Real Estate Investment Trust (REIT) providing investors with a steady income stream and capital growth. The fund invests at least 75% of its Total Asset Value (TAV) in real estate in strategic locations in Kenya. A maximum of 25% of its TAV is invested in cash investments and cash-like instruments. The Stanlib Fahari I-REIT is closed-ended, and its units are listed on the Nairobi Securities Exchange. I-REIT’s investment in the direct property allocation includes mixed-use developments, retail shopping centres, commercial offices, industrial warehouses and logistic operations, hospitality, residential, specialised buildings, schools, manufacturing facilities and hospitals. Stanlib Fahari I-REIT is a subsidiary of STANLIB, a pan-African multi-specialist investment company with a presence in 10 African countries.