On FAHR REIT, Hope these links will help

https://stanlibfahariireit.com/

At least 80% of operating profit is distributable to unit holders as a policy.

https://uk.reuters.com/companies/FAHR.NR

https://africanfinancial...ent/ke-fahr-2019-ir-hy/


FAHR has only 621 million shares on offer therefore it is difficult to buy but easy to sell.

It is yet another good cushion in a persistent bear market. FY 2018 dividend of 75 cents on the current price of 8.25 bob translates to 9.0 % dividend yield. This is a very good return on investment.

Don't quote me this year they may likely return 80 cents per share based on their incremental HY19 result provided above. This will propel it to a yield of 9.6 % .

Find below the property portfolio of FAHR REIT in Kenya

https://stanlibfahariireit.com/index.php?id=32

The news was rife in April but no further information yet.

It is a positive news to shareholders.
It will be sold at premium the REIT segment since it is a viable company and listed in NSE .Recall Kenol etc

I am still buying more even this week as there is a lot to gain . Good dividend and capital again.

https://www.businessdail...61462-19ewb1/index.html

Recall Stanlib REIT was listed by introduction at 10 bob. Notwithstanding her consistent good performance since 2015/2016 the price hovers on the average between 7 to 8.5 bob principally due to the bearish sentiment in Nairobi bourse .

If it is delisted due to sell off of the parent STANLIB, the cut off sale value will be between 10 to 12 bob per share
For me I am aware of the news and I take it as positive news, so I will keep on accumulating more.
Next dividend is due April 2020, I mean actual payment not announcement
FAHR REIT is always the first to pay in all counters whose year end is December




https://live.mystocks.co.ke/m/calendar=FAHR

FAHR REIT was listed at 20 per unit. If you invested a million bob you are now worth 429,000 excluding the dividends.

They need to invest in a lot more properties to bring their management expenses to an acceptable level. They are around 3b worth of properties but they need to be above 9-12b of properties to cut on the running expenses. There is potential for dilution which keeps the price down together with the bearish mood in town.

Welcome to the bus

Please note that FAHR doesn't have much cash left for a big acquisition. It needs to bulk up substantially to reduce the OPEX/share. The board said it wants to acquire more properties using its shares as currency vs paying cash. Or merge with another unlisted "REIT" to achieve the goal.

The good news is that it has to pay a dividend if it has cash earnings.