Reits leave investors counting losses
2 months ago, 3 Jan 17:00
Real Estate Investment Trusts (Reits) prices have remained depressed due to lack of clarity on exact returns from underlying assets, investment analysts have said. In 2017 Stanlib’s Fahari i-Reit, the only listed Reit in Kenya, saw its price decline by 13.4 per cent closing at Sh10.30 down from Sh11.90 at the beginning of the year and shedding 50.5 per cent from its listing price of Sh20.80 in November 2015. Analysts at Cytonn Investments, yesterday said the price of the Reit has also remained l ...
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