Laptrust property fund posts Sh99 million profit

BDREIT

A Reit is a company that owns, operates or finances income-generating real estate.


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Property fund Laptrust Imara I-Reit made a net profit of Sh99.6 million in the six months ended June, marking its first financial report since its listing on the Nairobi Securities Exchange.

Laptrust said it had made Sh167.1 million in rental income from its property portfolio which it valued at Sh6.8 billion in the review period, while utilities and interest income contributed Sh36.2 million to the fund’s revenues.

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