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ILAM Fahari I-REIT (NSE: FAHR)

Nigel Firth
Nigel Frith trader
Updated 28 May 2024

What is ILAM Fahari I-REIT

ILAM Fahari I-REIT is Kenya’s first Real Estate Investment Trust (REIT) providing investors with a steady income and capital growth. The fund invests at least 75% of its Total Asset Value (TAV) in real estate in strategic locations in Kenya.

An Income-REIT is a real estate investment scheme which manages and owns income generating real estate for its investors. Distributions to investors are supported by commercial leases. This only means that returns on income are predictable and generally less volatile.

With ILAM Fahari I-REIT a maximum of 25% of its TAV is invested in cash investments and cash-like instruments. It is also closed-ended, and I-REIT’s investment in the direct property allocation includes mixed-use developments, retail shopping centres, commercial offices, industrial warehouses and logistic operations, hospitality, residential, specialised buildings, schools, manufacturing facilities and hospitals.

The history of ILAM Fahari I-REIT dates back 35 years, making it the oldest fund management company in Kenya. It was first known as Stanlib Fahari Income-REIT.

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ILAM Fahari I-REIT

The REIT Manager weights on the strength of the ICEA LION Group, which has a long history of successful real estate development and investment in the market. The Group’s success in the property space is as a result of employing fundamental analysis in all its investment decisions.

Ilam Fahari I-Reit

ICEA LION Asset Management Ltd (ILAM) is a subsidiary of a large stable Financial Services Group, ICEA LION Holdings with footprint across East Africa.

Today, ILAM Fahari I-REIT has a diversified portfolio in more sectors of the value chain and renders the following services:

  • Acquisitions
  • Developments (Residential & Commercial)
  • Redevelopment and Optimization of existing properties
  • Disposals

ILAM Fahari I-REIT's equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol FAHR.

ILAM Fahari I-REIT has its headquarters at the ICEA LION Centre, Riverside Park, Chiromo Road, Westlands, Nairobi.

ILAM Fahari I-REIT forms part of the Real Estate Investment Trusts Industry and the Financials Sector.

ILAM Fahari I-REIT Stock Performance

The current price for ILAM Fahari I-REIT stocks is 6.88 Kenyan Shilling (KES). The company has a total market capitalisation of 1.25B KES with a P/E ratio of 8.39 and earnings per share of 0.82 KES. A total of 181M shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell ILAM Fahari I-REIT stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of ILAM Fahari I-REIT, analysts forecast further improved performance with market share growing as trading volumes increase.

Highlights of ILAM Fahari I-REIT in 2021

ILAM Fahari I-REIT started the year with a share price of 5.64 KES, and it has gained 22% in value on its price valuation, ranking sixth on the NSE where year-to-date performance is concerned.

ILAM Fahari I-REIT is currently the 21st most-traded stock on the NSE and it has experienced a total trading volume of more than 4.61 million shares, which were finalized in 588 deals and were valued at a total of 31.7 million KES over three months, with an average of 73.167 shares in each trading session.

The highest volume shares traded on one single day was 2.01 million.

ILAM FAHARI I-REIT - How To Trade

How to buy ILAM Fahari I-REIT stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade ILAM Fahari I-REIT stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “FAHR”.
  2. Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Nairobi Securities Exchange (NSE), was established in 1954 as Nairobi Stock Exchange, and is the leading stock exchange in East Africa. It offers world class trading facilities for both its local and foreign investors looking to gain exposure to the country’s rising economy.

The exchange is based in Nairobi, the capital of Kenya, which has one of the fastest-growing economies in Sub-Saharan Africa. The NSE operates under the jurisdiction of the Capital Markets Authority of Kenya. It is governed by a board of 11 directors.

In 2008, the NSE launched the NSE All-Share Index (NASI). The NASI is a market capitalization-weighted index comprising all listed securities, effectively, the benchmark index for the Kenyan stock market.

In 2011, in conjunction with FTSE International, the NSE introduced the FTSE NSE Kenya 15 and FTSE NSE Kenya 25 indices which are designed for the creation of index tracking funds and derivative products. The NSE 25 Share Index measures the top 25 companies.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.