News about axis

KUALA LUMPUR (Feb 12): Axis Real Estate Investment Trust’s (KL:AXREIT) property Wisma Kemajuan has been partially damaged by a fire incident that occurred at an adjacent furniture factory in Sea Park.

KUALA LUMPUR (Jan 30): Axis REIT (KL:AXREIT) may consider an equity fundraising if its financial leverage rises to around 40%, as the real estate investment trust continues to add industrial assets.

This marks Axis REIT’s fourth acquisition this year, bringing its total investments for the year to RM964.

This marks Axis REIT’s third acquisition of the year, bringing its total investments this year to RM930 million, compared with eight acquisitions worth RM719 million in 2024.

Its distributable income or total realised income available for distribution was RM58.

Last Thursday (Sept 4), the trust said it was buying the property, comprising a factory, warehouse and office, with a combined gross floor area of 240,600 sq ft in the Bandar Sultan Suleiman industrial area.

The property comprises 3.

Axis REIT said proceeds from the sukuk issuance will be used to finance capital and development expenditure, working capital, general corporate purposes and to refinance existing or future Islamic financing.

The single-storey detached warehouse comes with an annexed double-storey office, as well as a 1½-storey detached warehouse and other ancillary buildings, which were built upon a portion of leasehold land.

Axis REIT's net income rose to RM46.