Axis REIT’s 4Q NPI rises 15% on new acquisitions, new tenancies
Aside from the fourth interim income distribution of 1.
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%.
Revenue for the quarter ended June 30, 2024, rose 11.
The acquisition of the service centres, one in Seksyen 51A of Petaling Jaya and another in Batu Caves in Gombak, is expected to generate a starting gross yield of about 6.
Axis Steel Centre @ SiLC is sprawled over 26.
Net trust income rose to RM42.