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Originally published by Capital Businessbusiness
August 3, 2026
6h ago
ALP REIT posts maiden profit, eyes fourth property acquisition after NSE debut
The USD-denominated Income Real Estate Investment Trust reported total assets of Sh5.87 billion for the six months ended June 30, 2026, with its portfolio comprising logistics and industrial properties valued at Sh3.45 billion and Sh1.92 billion in cash earmarked for future inves..
✨ Key Highlights
ALP REIT has announced its first profit of Sh29.9 million following its listing on the Nairobi Securities Exchange (NSE) in March, and is now planning its fourth property acquisition.
- Total assets reached Sh5.87 billion as of June 30, 2026.
- The real estate investment trust reported a strong 98 percent occupancy rate.
- ALP REIT aims to expand its portfolio of logistics and industrial properties and is currently evaluating funding options for its next acquisition.
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