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Acorn’s Reits up 9.2 % to Kes 1.524 billion on sustained demand
The ASA I-REIT and ASA D-REIT continued to strengthen their sustainability credentials globally by achieving a 4-Star and 5-Star GRESB rating respectively in their peer categories.
Acorn Investment Management Limited (AIML) has announced the financial results for the year ended 31st December 2025 for the Acorn Student Accommodation Development REIT (ASA D-REIT) and the Acorn Student Accommodation Income REIT (ASA I-REIT).
Profits across both REITs rose by 9.2 % to KES 1.524 billion from KES 1.395 billion the previous year, driven by sustained strong performance in the ASA I-REIT’s core assets and improving occupancies in newly opened assets in the ASA D-REIT.
Acorn’s combined portfolio of operating and development-stage student accommodation beds now stands just under 21,000, and the Total Assets Under Management (AUM) across the two REITs grew by 11% to KES 29.3 billion, up from KES 26.4 billion in 2024.
The ASA I-REIT recorded comprehensive income of KES 670 million compared to KES 555 million the previous year, a 21% growth.