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Stanlib Fahari I-REIT FY16
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Note: Period = 13 Months  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:DISTRIBUTION
The REIT Manager (STANLIB Kenya Limited) has recommended and the Trustee (The Co-operative Bank of Kenya Limited) has approved a first and final distribution of Kshs 90,486,150 (Kshs 0.50 distribution per unit in issue) for the thirteen-month period ended 31 December 2016. This distribution is payable by 30 April 2017 to unitholders who are on the register of members by close of business 31 March, 2017 Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 3/26/2012 Posts: 830
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Not bad but this is massively overvalued. Who will settle for 4.76% yield when KCB and some counters have a dividend yield of almost 10% and massive room for capital gains? A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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This has succeeded where home afrika failed. Towards the goal of financial freedom
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ebenyo wrote:This has succeeded where home afrika failed. They are in different markets; One on Commercial rentals and the other in Hype  Pesa Nane plans to be shilingi when he grows up.
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Rank: Hello Joined: 5/19/2013 Posts: 2
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Pesa Nane wrote:Note: Period = 13 Months Link to the results? “The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.”
― Benjamin Graham
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Rank: Member Joined: 2/8/2007 Posts: 808
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For an income REIT, the distribution works out to 2.5%. This is very poor! If an investor bought a building and put in a tenant they would certainly earning 6% and above. This is not good for the REIT market segment of the NSE. Doesn't inspire confidence.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:Fahari real estate fund plans to raise Sh9bn in cash call.... Real estate fund Stanlib Fahari I-Reit plans to raise Sh9 billion later this year from current and new investors to fund the purchase of more properties. “Our initial target was Sh12.5 billion so we want to raise the balance possibly from September this year,” Kenneth Masika, Fahari’s chief executive told Business Daily. He said the fund needs to build its scale to boost returns to investors as the ratio of expenses to assets will come down. Fahari has already identified some properties it could buy in the short term. The fund’s chief financial officer Nozipho Makhoba said Fahari intends to acquire an undisclosed property in September for Sh1.2 billion. Pesa Nane plans to be shilingi when he grows up.
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Wazua
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Stanlib Fahari I-REIT FY16
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