ASA D-REIT had a semi-annual performance of a net operating profit 170 million for the six months ended 30th June 2023 including the unrealized fair value gain in revaluation of the investment property. Key performance highlights:

• The reported rental income of KES 161 million is for the 4 properties that have been operational in H1 2023.

• Administrative expenses of KES 77 million are primarily for the properties in operation with the costs categorized in cost centres: staff costs, utilities and maintenance, consumables, marketing and sales, customer experience and central costs with central costs being mainly for insurance costs, compliance, property management fees and central marketing costs. They also include audit fees, research & development costs, and property mobilization costs.

• As of 30th June 2023, total assets value stood at KES 11.3 billion comprising of investment property valued at KES 10.5 billion.