The Lower Eastern Times Opening The Third Eye
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Acorn Investment Management Limited has reported a profit of Sh1.52 billion for the year ending December 31, 2025, marking a 9.2% rise compared to 2024.
The growth was largely driven by strong results from its student accommodation real estate investment trusts (REITs).
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Revenue from the Acorn Student Accommodation Income REIT (ASA I-REIT) jumped 21% to Sh670 million, while the Acorn Student Accommodation Development REIT (ASA D-REIT) edged up to Sh854 million from Sh839 million.
“Despite challenging macroeconomic conditions, the ASA REITs have maintained solid operational performance, supported by high occupancy and prudent balance sheet management,” said Executive Director Mathew Maina.
Acorn’s student accommodation portfolio now totals nearly 21,000 beds, with assets under management (AUM) across both REITs increasing 11% to Sh29.3 billion.
Looking ahead, the company plans to expand its income-generating portfolio in 2026 through asset acquisitions, debt optimization, and enhanced operational efficiency.
Three developments—including Qwetu and Qejani Karen—are set to be transferred to the income REIT in the first half of the year, followed by Qwetu Chiromo later.
Meanwhile, the development REIT will focus on reducing debt as part of its 2026 strategy.
