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The Standard e-Paper
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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Acorn Investment Management Ltd (AIML) has announced a 200 per cent growth for the year ending December 31, 2024, for its Acorn Student Accommodation Development Reit (ASA D-Reit) and Income Reit (ASA I-Reit).
The two Reits recorded a year of strong performance, posting a net profit of Sh1.4 billion from Sh467 million in 2023, driven by a rebound in the ASA D-Reit's profitability. Despite operating in a tough business environment, the ASA Reits have demonstrated resiliency.
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