Acorn Investment Management Limited (AIML) reported a substantial Sh457 million profit after tax in the first half of 2025, primarily driven by strong performance from its real estate investment trusts (Reits).

• The Acorn Student Accommodation Income Reit (ASA I-Reit) saw its net income jump to Sh251 million in H1 2025, while the Acorn Student Accommodation Development Reit (ASA D-Reit) recorded Sh205 million in net revenue during the same period.
• AIML is the REIT Manager for the student accommodation Reits, with Executive Director Mathew Maina highlighting continued growth and debt optimization strategies.
• The ASA I-Reit successfully reduced its total debt from KES 2.5 billion to KES 1.9 billion and lowered its weighted interest rate to 11.1% in July 2025, while the ASA D-Reit is expanding its portfolio with new projects in Eldoret CBD and an upcoming acquisition in Kakamega.