Investor ignorance takes shine off Stanlib REIT

Kenya’s first Real Estate Trust (REIT) suffered from lack of investor knowledge and negative performance at the Nairobi Securities Exchange (NSE), experts say.PHOTO:COURTESY

Nairobi, Kenya: Kenya’s first Real Estate Trust (REIT) suffered from lack of investor knowledge and negative performance at the Nairobi Securities Exchange (NSE), experts say.

The Stanlib Fahari I-REIT 47 listed two years ago, shed 47 per cent of its value last year, to close the year at Sh11.65.