He he he

Impact of Stanlib REIT

REITs are good because they are tax exempt as long as they distribute most of their net income to the beneficiaries. The beneficiary just pays 5% of distribution as tax which is final.

An argument against I REITs is that since they have to distribute most of their income, they are not left with cash to do improvements and maintenance to maintain high rent.

Once the initial excitement dies off, this REIT will expose the state of rental real estate in Kenya which is overvalued and low Yielding.

Just like HAL exposed the fallacy that selling plots is super profitable, the STANLIB REIT will in time lead to discovery of normal yields in real estate rentals.

Let's hear other investors opinions.

Does anyone know how to buy into this IPO from outside the country?

Ambitions: 14% annual return on capital; 6.25% annual growth in rents. There's never a limit to a man's ambition. Now reality, there's another truth.

Can GreenSpan mall in Donholm offer this? http://www.businessdaily...6/-/ybj1th/-/index.html

This one wont touch.

I see them getting the money and declaring a loss year in year out. Uta DO