Axis Real Estate Investment Trust

Kuala Lumpur Stock Exchange 5106.KL

Axis Real Estate Investment Trust Net Income for the year ending December 31, 2023: USD 31.62 M

Axis Real Estate Investment Trust Net Income is USD 31.62 M for the year ending December 31, 2023, a -26.70% change year over year. Net income is the total profit earned by a company after deducting all expenses, including taxes and non-controlling interest.
  • Axis Real Estate Investment Trust Net Income for the year ending December 31, 2022 was USD 43.14 M, a -10.14% change year over year.
  • Axis Real Estate Investment Trust Net Income for the year ending December 31, 2021 was USD 48.01 M, a 36.15% change year over year.
  • Axis Real Estate Investment Trust Net Income for the year ending December 31, 2020 was USD 35.26 M, a -30.94% change year over year.
  • Axis Real Estate Investment Trust Net Income for the year ending December 31, 2019 was USD 51.05 M, a 36.35% change year over year.
Key data
Date Net Income EPS (Diluted) Shares (Diluted, Weighted) Net Income Margin
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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

January 15, 2025

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