Axis REIT declares 2.65 sen DPU as net property income jumps nearly 16%

• Its distributable income or total realised income available for distribution was RM58.93 million, up 41.8% from RM41.57 million in 3QFY2024.

KUALA LUMPUR (Oct 23): Axis Real Estate Investment Trust (KL:AXREIT) declared a third interim distribution per unit (DPU) of 2.65 sen on Thursday, as it saw a 15.7% year-on-year jump in its third-quarter net property income (NPI), thanks to newly acquired assets and rental growth.

NPI rose to RM80.23 million for the third quarter ended Sept 30, 2025 (3QFY2025) from RM69.35 million in 3QFY2024, as revenue climbed 15.6% to RM92.77 million from RM80.27 million.

Axis REIT attributed the higher property income to rental contributions from newly acquired properties, full occupancy of Axis Mega Distribution Centre Phase 2 achieved in January 2025, as well as positive rental reversions from its existing portfolio.

Its distributable income or total realised income available for distribution was RM58.93 million, up 41.8% from RM41.57 million in 3QFY2024. Of the 2.65 sen third interim DPU declared, 0.14 sen was derived from the trust's disposal of The Annex.

For the nine months ended Sept 30, 2025 (9MFY2025), Axis REIT’s NPI grew 18.6% to RM237.57 million from RM200.27 million in 9MFY2024, while revenue rose 17.5% to RM272.89 million from RM232.34 million.

Axis REIT Managers Bhd, the REIT’s manager, expects to maintain growth in the final quarter of the year.

The view is anchored on the existing portfolio’s “satisfactory” performance and the REIT’s growth strategy to pursue quality investments, it added.

Units in Axis REIT ended three sen or 1.4% lower at RM2.12 on Thursday, valuing the trust at RM4.28 billion.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.