NAIROBI, Kenya, July 31 – Acorn Investment Management Limited (AIML) posted a Sh457 million revenue after tax within the first half of this yr, boosted by improved incomes from actual property funding trusts (Reits).
Between January and June 2025, Acorn Student Accommodation Income Reit (ASA I-Reit), which develops Qwetu and Qejani pupil hostels, noticed its internet revenue rise to Sh251 million in comparison with Sh164 million throughout an identical interval final yr, pushed by a achieve within the worth of property investments.
“The ASA I-REIT has prioritized discount in each the quantum and price of native financial institution debt for 2025. In July 2025, the REIT efficiently decreased its whole debt from KES 2.5 billion to KES 1.9 billion and lowered its weighted rate of interest from 17% recorded on the finish of 2024 to 11.1% in July 2025. The resultant financial savings are anticipated to replicate within the full yr outcomes,” AIML introduced in a press release.
Likewise, Acorn Student Accommodation Development Reit (ASA D-Reit), which buys accomplished tasks and manages operational properties, recorded a internet income of Sh205 million as compared with Sh181 million in the identical interval in 2024. This was boosted by good points in worth of funding as Qejani at Hurlingham, Qwetu, Qejani at Kenyatta University, and Qejani at JKUAT have been accomplished on time and price range and at the moment are operational.
“The ASA DREIT has acquired and commenced development of Qwetu and Qejani in Eldoret CBD which can add 2,100 beds to the portfolio and is within the last levels of concluding an acquisition in Kakamega subsequent to MMUST. Both acquisitions mark the REITs strategic growth into Tier 2 University cities in Kenya additional deepening its footprint nationally.”
“Since inception in 2021, the ASA REITs have continued to show sustained progress and return regardless of the numerous volatility available in the market atmosphere over this era. In 2024, the ASA DREIT achieved a complete return of 13% and the ASA IREIT 7%,” Mathew Maina, Executive Director for AIML, the REIT Manager, said.
“Based on the 2025 half-year outcomes, the REITs stay on target to ship improved returns in 2025 pushed by debt optimization, protecting tasks on plan and rising occupancy throughout the portfolio.”
