FAHR - ILAM Fahari I-REIT
The STANLIB Fahari I-REIT is Kenya's first Real Estate Investment Trust (REIT). The fund aims to provide investors with a steady stream of income and capital growth by investing at least 75% of its total asset value in real estate in strategic locations within Kenya with a maximum of 25% invested in cash and cash-like instruments. STANLIB Kenya Limited officially launched in October 2013, after rebranding from Stanbic Investment Management Services. The company manages assets worth over KSH 121 billion (as at 31 December 2014). STANLIB Kenya is owned by Liberty Holdings who is the principal shareholder of Liberty Kenya Holdings Limited whose other local subsidiaries are Heritage Insurance and Liberty Life Assurance Limited.
ILAM Fahari I-REIT is listed on the Nairobi Securities Exchange (NSE). ILAM Fahari I-REIT is traded on the NSE under the ticker symbol “FAHR”. The International Securities Identification Number (ISIN) of NSE:FAHR is KE5000003656. ILAM Fahari I-REIT is currently the 40th most valuable stock on the NSE with a market capitalization of KES 1.34 billion, which is about 0.09% of the Nairobi Securities Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 7.40 |
| Day’s High Price | 7.40 |
| Traded Volume | 1,000 |
| Number of Deals | 1 |
| Gross Turnover | 7,400.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 181M |
| Market Capitalization | 1.34B |
FAHR Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +3.64% | -17.8% | +19.7% |
| 6MO | 1YR | YTD |
|---|---|---|
| +12.1% | +4.23% | +13.5% |
The current share price of ILAM Fahari I-REIT (FAHR) is KES 7.40. FAHR closed its last trading day (Friday, September 29, 2023) at 7.40 KES per share on the Nairobi Securities Exchange (NSE), recording an 8.8% gain over its previous closing price of 6.80 KES. ILAM Fahari I-REIT began the year with a share price of 6.52 KES and has since gained 13.5% on that price valuation, ranking it 17th on the NSE in terms of year-to-date performance. Investors should, however, take caution of FAHR’s recent poor performance, having lost 18% of its value in the past four weeks.
ILAM Fahari I-REIT is the eighth most traded stock on the Nairobi Securities Exchange over the past three months (Jul 5 - Sep 29, 2023). FAHR has traded a total volume of 25.3 million shares—in 1,022 deals—valued at KES 220 million over the period, with an average of 401,432 traded shares per session. A volume high of 10.2 million was achieved on August 31st, and a low of 400 on August 21st, for the same period. The table below details the last 10 trading days of activity of ILAM Fahari I-REIT on the Nairobi Securities Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-09-29 | 1,000 | 7.40 | +0.60 | +8.82% |
| 2023-09-28 | 1,800 | 6.80 | -0.20 | -2.86% |
| 2023-09-27 | 6,200 | 7.00 | -0.08 | -1.13% |
| 2023-09-26 | 20,400 | 7.08 | +0.04 | +0.57% |
| 2023-09-25 | 49,000 | 7.04 | -0.10 | -1.40% |
| 2023-09-22 | 4,800 | 7.14 | -0.02 | -0.28% |
| 2023-09-21 | 1,500 | 7.16 | +0.04 | +0.56% |
| 2023-09-20 | 46,400 | 7.12 | -0.12 | -1.66% |
| 2023-09-19 | 7,400 | 7.24 | +0.02 | +0.28% |
| 2023-09-18 | 5,900 | 7.22 |
Profile of ICEA LION Asset Management Ltd
ICEA LION Asset Management Ltd operates in the Real Estate sector, specifically, the Real Estate Investment Trust industry.
Factsheet of ICEA LION Asset Management Ltd
- Sector
- Real Estate
- Industry
- Real Estate Investment Trust
- Address
- ICEA LION Centre, Riverside Park, Chiromo Road, Westlands, P.O. Box 46143-00100, Nairobi, Kenya
- Telephone
- +254-20-2750-000, +254-719-071-000, +254-730-151-000
- Website
- ilamfahariireit.com
FAHR Industrial Market Competitors
ICEA LION Asset Management Ltd, issuers of the FAHR stock on the Nairobi Securities Exchange, have one market competitor who is also engaged in the Real Estate sector and/or Real Estate Investment Trust industry. The table below presents an overview of their market standing.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| LAPR | Laptrust Imara Income-REIT | 6.92B | 20.00 |
