The programme, which will comprise the issuance of senior Islamic medium-term notes and subordinated perpetual Islamic notes, was lodged with the Securities Commission Malaysia (SC) by the REIT's manager, Axis REIT Managers Bhd.
Quarterly earnings per unit rose to 2.
The disposal is expected to generate a net gain of RM9 million, which Axis REIT plans to fully distribute the sum.
Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May shared that the REIT is currently in closed talks with potential acquisition targets valued at RM300 million with heavy inclination towards industrial.
Aside from the fourth interim income distribution of 1.
In view of the upcoming enlarged unit capital from this placement, Axis REIT had declared on Tuesday an advance fourth interim distribution of 1.
For the first nine months of FY2024 (9MFY2024), the REIT posted an 11.
The proposed placement involves up to 15.
The REIT's trustee, RHB Trustees Bhd, has entered into agreements to buy the assets located in the Pulau Indah Industrial Park from Malconrep Depot (M) Sdn Bhd and Dayang Mewah Sdn Bhd, according to a bourse filing on Wednesday.
In a note on Wednesday, the research house said the results were within house and consensus full-year estimates at 48%.
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