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Stanlib Fahari I-Reit FY 2019
Rank: Member Joined: 5/2/2018 Posts: 267
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Revenue (Rental and related income + straight-lining of lease income) up 6.5% to Sh353.89m vs Sh332.25m
Other income (interest + sundry) down 55.7% to Sh25.32m vs Sh57.19m
Operating expenses (property + fund operation) down 5.6% to Sh225.64m vs Sh239.07m
Increase in fair value of investment property slowed by 49.9% to Sh21.65m vs Sh43.12m
Net profit down 9.4% to Sh175.23m vs Sh193.49m
Distribution
Sh0.75/unit to be paid no later than May 31, 2020.
Anyone knows the book closure date?
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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No date for books closure in the press release for 2019 FY results https://stanlibfahariireit.com/index.php?id=54If it don't make dollars, it don't make sense
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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According to the notice of distribution published yesterday and communicated by registrar, books close today 30 April 2020. If it don't make dollars, it don't make sense
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Rank: Member Joined: 3/20/2008 Posts: 503
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Balaa wrote:According to the notice of distribution published yesterday and communicated by registrar, books close today 30 April 2020. 
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Rank: Member Joined: 5/2/2018 Posts: 267
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xxxxx wrote:Balaa wrote:According to the notice of distribution published yesterday and communicated by registrar, books close today 30 April 2020. Tomorrow is a holiday, hence the book closure would have had to be today or next week.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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https://www.businessdail...00982-n4jvwuz/index.htmlThe wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Duplication *Deleted* The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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young wrote:https://www.businessdailyafrica.com/corporate/companies/ICEA-property-fund-Ilam-Fahari-I-Reit-Sh86m-half-year-profit/4003102-5600982-n4jvwuz/index.html good results, not much affected by covid There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 3/16/2019 Posts: 313
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This thread should now be called Ilam Fahari I-Reit from Stanlib Fahari I-Reit.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Notice for the AGM is out. AGM to be held virtually on 20th August 2020. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/27/2006 Posts: 503
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This reit owns Greenspan mall, and Tuskys is its anchor tenant. Is it likely that Tuskys will close its branch at the mall, given its current problems?
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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deadpoet wrote:This reit owns Greenspan mall, and Tuskys is its anchor tenant. Is it likely that Tuskys will close its branch at the mall, given its current problems? Tuskys close another supermarket chain will take over. That location is prime Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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Any hope with this stock, or is it going to be another HF?
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Rank: Veteran Joined: 11/13/2015 Posts: 1,588
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babashuge wrote:Any hope with this stock, or is it going to be another HF? it's not a stock its real estate investment trust. Hope is not an investment strategy. This is real estate on the cheap the implied yields are attractive enough
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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wukan wrote:babashuge wrote:Any hope with this stock, or is it going to be another HF? it's not a stock its real estate investment trust. Hope is not an investment strategy. This is real estate on the cheap the implied yields are attractive enough true,true.. my concerns: is it in good hands under ICEA? and is it taxed differently in Kenya? compared to stocks
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Rank: Member Joined: 5/6/2008 Posts: 199
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Auctioneers shut Tuskys outlet over Sh30m rent I hope they can recover some of the outstanding rent
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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babashuge wrote:wukan wrote:babashuge wrote:Any hope with this stock, or is it going to be another HF? it's not a stock its real estate investment trust. Hope is not an investment strategy. This is real estate on the cheap the implied yields are attractive enough true,true.. my concerns: is it in good hands under ICEA? and is it taxed differently in Kenya? compared to stocks It's in good hands at ICEALION Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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At kobole, this thing is a steal. Value here will be unlocked very quickly and violently and some people will come hapa hapa wazua and start lamenting how they missed an opportunity... For some of us whose retirement is approaching fast, dividend here is guaranteed 15% of current price Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Fyatu wrote:At kobole, this thing is a steal. Value here will be unlocked very quickly and violently and some people will come hapa hapa wazua and start lamenting how they missed an opportunity...
For some of us whose retirement is approaching fast, dividend here is guaranteed 15% of current price I have never looked at it but seems you are right But what if rents fall say by 40%
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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heri wrote:Fyatu wrote:At kobole, this thing is a steal. Value here will be unlocked very quickly and violently and some people will come hapa hapa wazua and start lamenting how they missed an opportunity...
For some of us whose retirement is approaching fast, dividend here is guaranteed 15% of current price I have never looked at it but seems you are right But what if rents fall say by 40% Rent can never go down...that is why people invest in real estate. A 2 bedroom apartment in Kitengela fetching kshs. 20,000 rent monthly today will not be fetching the same amount in year 2030. Likewise,the land that the apartment sits on will also appreciate..The reit fully owns the property in its portfolio some of which is very very prime e.g., Greenspan Dumb money becomes dumb only when it listens to smart money
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Stanlib Fahari I-Reit FY 2019
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