Axis Real Estate Investment Trust

Kuala Lumpur Stock Exchange 5106.KL

Axis Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2024: 3.86

Axis Real Estate Investment Trust Interest Coverage Ratio is 3.86 for the year ending December 31, 2024, a -74.58% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Axis Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2023 was 15.17, a 14.32% change year over year.
  • Axis Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2022 was 13.27, a 224.83% change year over year.
  • Axis Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2021 was 4.08, a -7.26% change year over year.
  • Axis Real Estate Investment Trust Interest Coverage Ratio for the year ending December 31, 2020 was 4.40, a 22.48% change year over year.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
Market news
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SV Wall Street
Kuala Lumpur Stock Exchange: 5106.KL

Axis Real Estate Investment Trust

CEO Ms. Kit May Leong
IPO Date Nov. 6, 2007
Location Malaysia
Headquarters Penthouse Menara Axis
Employees 80
Sector Real Estate
Industries
Description

Axis Real Estate Investment Trust ("Axis-REIT"), Malaysia's first real estate investment trust, was listed on Bursa Securities on 3 August 2005. Having been reclassified as an Islamic REIT on 11 December 2008, all acquisitions by Axis-REIT are Shariah compliant. It currently has a diverse portfolio of 62 properties strategically located in the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan and Kedah. Axis REIT Managers Berhad is the Manager of Axis-REIT while RHB Trustees Berhad is the latter's trustee. Axis-REIT has a solid industrial space portfolio where 93% of the properties are on industrial titles. As at 30 June 2023, the occupancy rate of Axis-REIT's portfolio stood at 89% with a weighted average lease expiry period of 5 years, based on rental. As at 30 June 2023, the space under management is 12.7 million square feet and total asset value of RM4.4 billion.

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StockViz Staff

February 8, 2025

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