Axis REIT declares final income distribution of 4.98 sen per unit

KUALA LUMPUR: Axis Real Estate Investment Trust (Axis REIT) declared a final income distribution of 4.98 sen per unit for the period from Aug 29 to Dec 31 last year.

The ex-date of income distribution is Feb 2, with entitlement date on Feb 4. Some 4.62 sen is taxable while 0.36 sen is non-taxable in the hands of unit holders, the trust fund said in a filing to Bursa Malaysia on Jan 20.

For its fourth quarter ended Dec 30, 2009 (4QFY2009), net profit dropped 17.75% to RM28.77 million, from RM34.97 million a year earlier, despite higher revenue.

Its revenue for the quarter increased 15.17% to RM19.5 million, from RM16.9 million the previous year. The revenue of RM19.5 million includes interest income of RM120,198.

Its total expenditure for 4QFY2009 was RM7.88 million, of which RM3.23 million were attributable to property expenses and RM4.65 million to non-property expenses.

Its basic earnings per share for the quarter fell to 9.37 sen, from 13.67 sen.