NAIROBI, Kenya, Mar 31 – Acorn Investment Management Limited has reported a Sh1.52 billion profit for the full year ending December 31, 2025, representing a 9.2 percent increase compared to 2024.
The growth was supported by improved performance across its student accommodation real estate investment trusts (REITs).
Income from the Acorn Student Accommodation Income REIT (ASA I-REIT) rose by 21 percent to Sh670 million, while the Acorn Student Accommodation Development REIT (ASA D-REIT) increased slightly to Sh854 million from Sh839 million.
“Despite prevailing macroeconomic headwinds, the ASA REITs have maintained stable operational performance, supported by good occupancy and continued focus on balance sheet management,” said Executive Director Mathew Maina.
Acorn’s total student accommodation portfolio now stands at nearly 21,000 beds, while assets under management (AUM) across the two REITs grew by 11 percent to Sh29.3 billion.
The firm said it will focus on expanding its income-generating portfolio in 2026 through acquisition of new assets, debt optimization, and improved operational efficiency.
It also plans to transfer three developments to the income REIT, including Qwetu and Qejani Karen in the first half of 2026, followed by Qwetu Chiromo later in the year.
Meanwhile, the development REIT will prioritise reducing overall debt as part of its strategy for the year.
