Property developer Acorn Holdings has reported a 32.2 percent growth in combined net profit to Sh456.63 million on its two Real Estate Investment Trusts (Reits) in the half year to June, riding on higher valuation and rental income from its student hostels.
Acorn’s financial report shows that its investment Reit (I-Reit) returned a net profit of Sh251.63 million, representing a growth of 53 percent compared to the first half of 2024, while the development Reit (D-Reit) profit grew by 13 percent to Sh205 million.
