Sharp Daily
No Result
View All Result
Friday, July 11, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Real Estate

Laptrust Imara I-REIT Records a Positive Performance

Vincent Wangu by Vincent Wangu
July 31, 2023
in Real Estate
Reading Time: 2 mins read

Laptrust Imara I-REIT, which is promoted by the Local Authorities Pension Trusts (LapTrust), has released its unaudited financial statements for six months ended 30th June 2023, noting that profit for the half-year period stood at Kshs 99.6 million.

Read more: ILAM Fahari I-REIT Net profit for the Half Year 2023 Remains Relatively Unchanged

Laptrust Imara I-REIT was authorized by the Capital Markets Authority (CMA) on 1st November 2022 and listed on the Restricted Sub Segment of the Main Investment Market segment of the Nairobi Securities Exchange on 22nd March 2023.  This means that open trading of the securities will be restricted for a three-year period in a bid to provide the I-REIT sufficient time to build a performance track record, allowing investors to gain confidence in the asset class. In addition, the units can only be traded to persons qualifying as professional investors, confined to high net-worth individuals and institutions.

The Fund invests in various investment properties such as Pension Towers, Freedom Heights Mall, Metro Park, Nova Pioneer – Eldoret and CPF house. During the half-year period, the total value of the investment properties stood at Kshs 6.9 billion.

RELATEDPOSTS

CMA suspends trade sense limited’s license for 90 Days over regulatory breaches

March 4, 2025

CMA engages Genghis Capital over stakeholder debt and regulatory compliance

January 22, 2025

These Investment properties generated Kshs 167.1 million in rental and related income. Apart from rental income, the fund had other incomes such as Utilities Income and Interest income of Kshs 35.6 million and Kshs 3.6 million, respectively, thereby leading to a total operating income of Kshs 203.3 million.

Read more: Imara I-REIT Lists At NSE After CMA Announced Relaxation Of Rules

However, the fund incurred an operating expense of Kshs 103.6 million, comprised of Property expenses and fund operating expenses of Kshs 69.5 million and Kshs 34.1 million, respectively, thereby leading to a net profit of the period of Kshs 99.6 million.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenya’s BasiGo Expands E-Mobility Reach with Rwanda’s AC Mobility Partnership

Next Post

Isuzu East Africa Pays Dividends Worth Kshs 1.0 Billion

Vincent Wangu

Vincent Wangu

Related Posts

Crime

Why Athi River deserves your investment

June 24, 2025
Real Estate

Restructure housing levy to solve Kenya’s housing crisis

May 23, 2025
Real Estate

Navigating the fallout of foreign aid reductions

May 20, 2025
International

Knight Frank; Kenya’s wealthy are trading mansions for market moves

May 16, 2025
Real Estate

Nairobi real estate divide

May 15, 2025
Real Estate

A KES 6.4 million real estate heartbreak in Syokimau

May 12, 2025

LATEST STORIES

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 2025

Privatization in Kenya: A new dawn for capital markets and fiscal stability

July 10, 2025

How Kenya is future-proofing its economy against illicit finance

July 9, 2025

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024