Acorn Investment Management Ltd (AIML), the manager of the Acorn Student Accommodation REITs, has announced a 32% profit increase to Sh457 million for the first half of 2025. This growth is largely attributed to gains in the value of investment properties and operational efficiencies within their student accommodation portfolio.

• ASA I-Reit saw its net income rise to Sh251 million, up from Sh164 million in the same period last year, driving the overall profit growth.
• The ASA I-Reit successfully reduced its total debt from Sh2.5 billion to Sh1.9 billion in July 2025, also lowering its weighted interest rate from 17% to 11.1%.
• Acorn has declared its 9th consecutive half-year distribution of Sh0.29 per unit, affirming its commitment to investor returns despite macroeconomic challenges.