← learn · guide · verified as of 2026-07-10
Listed REITs
A listed Real Estate Investment Trust (like ILAM Fahari I-REIT) lets you own a slice of income-producing property without buying a building — bought the same way as a share, through a broker and CDS account.
indicative ~KES 5,000,000 — confirm current threshold with your brokersame as opening a CDS account (2–3 working days) plus broker onboarding for restricted tradingrisk 3/5
Steps
- 1Open a CDS account with a licensed stockbroker (see the NSE stocks guide) — the same account works for REIT units.
- 2Confirm with your broker that ILAM Fahari I-REIT currently trades on NSE's Unquoted Securities Platform (USP), a restricted segment — ask about eligibility and the current minimum unit purchase.
- 3Place your order through your broker for the current minimum unit lot.
- 4Hold units in your CDS account; distributions are paid the same way a dividend is.
By the end you hold REIT units in your CDS account and receive distributions like a dividend.
Costs & taxes
| Item | Amount | Note |
|---|---|---|
| Distribution tax to resident unitholders | Exempt | REITs must distribute ≥80% of distributable earnings; that distribution is exempt from tax to resident unitholders under the REIT tax regime. |
| Trading costs | Same as an NSE share trade | Brokerage commission + CDSC levy apply the same way as buying a share — see the NSE stocks guide. |
Risk
Medium risk: income depends on the underlying property portfolio staying occupied and rented, and this specific REIT currently trades on NSE's restricted Unquoted Securities Platform, not the main board — trading is thin.
Medium (property income)
See it in the product
Sources
- Buying process (broker + CDS account) — https://ilamfahariireit.com/how-to-invest · retrieved 2026-07-10
- Currently trades on NSE's Unquoted Securities Platform (USP), restricted segment — https://www.nse.co.ke/wp-content/uploads/01-JUL-26.pdf · retrieved 2026-07-10
- Minimum ~454,545 units (~KES 5M) on the restricted platform — not independently re-confirmed on a current official document this session, treated as indicative — https://www.tuko.co.ke/business-economy/capital-market/554772-icea-lions-ilam-fahari-i-reit-admitted-trade-nses-unquoted-securities-platform/ · retrieved 2026-07-10 (secondary source)
- REIT distributions exempt from tax to resident unitholders; ≥80% distribution requirement — https://cma.or.ke/wp-content/uploads/2023/03/REITS.pdf · retrieved 2026-07-10
Automated analysis for information & education. Not investment advice. For advice tailored to your situation, consult a CMA-licensed investment adviser.