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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Ruto Says Kenya on Track for Upper Middle-Income Economy - August 2026
President William Ruto has expressed confidence that Kenya can achieve upper middle-income status within the next 10 years and aspires for a first-world economy in one generation. Small and medium-sized enterprises (SMEs) in Kenya are simultaneously being urged to prioritize workforce development as a crucial strategy to combat youth unemployment and foster economic growth. Airtel Money Kenya has launched Bizna Wallet, a new digital tool designed to help SMEs separate their business and personal finances. 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.
