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Property fund Fahari doubles dividend on higher rent income
Income real estate funds such as Fahari are required to distribute at least 80 percent of their net profit from the rental business as part of the conditions to exempt them from the 30 percent income tax.
Property fund ILAM Fahari I-Reit has more than doubled the payout to investors to Sh0.65 per unit (share) or a total of Sh117.6 million despite its net profit falling by 34.8 percent in the year ended December 2025.
The fund had made a distribution of Sh0.30 per unit for the prior year. The new distribution will be made on April 30 once approved at the annual general meeting on April 22.
