Axis REIT's NPI up 12.9%, declares 2.25 sen income distribution
Revenue for the quarter ended June 30, 2024, rose 11.
Axis REIT to acquire two auto service centres for RM125m
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 REIT to dispose of Axis Steel Centre @ SiLC in Johor for RM162m cash
Axis Steel Centre @ SiLC is sprawled over 26.
Axis REIT sees 40% jump in 1Q net trust income, to distribute 2.3 sen per unit
Net trust income rose to RM42.
Axis REIT's latest acquisition to boost earnings, is yield accretive — analysts
On Monday, Axis REIT announced that it is buying the industrial complex and open storage yard from Amsteel, a unit of Lion Industries Corp Bhd.
Axis REIT to acquire Klang industrial complex from Amsteel Mills for RM49m
Following the acquisition, AMSB will lease the property back from Axis REIT for six years, with a starting monthly rental of RM285,833.
Axis REIT's 4Q NPI rises 6.3% to RM66m, declares 2.4 sen income distribution
Quarterly revenue edged up by 6.
Axis-REIT to acquire shopping mall in Temerloh for RM25.75 mil
The REIT said the acquisition of Temerloh Mall in Taman Damai, from Amal Mewah Development Sdn Bhd, will be funded by its existing bank financing.
Analysts maintain target prices for Axis REIT
Axis REIT had kept an acquisition target of RM170 million for FY2023, said Kenanga, noting that in the context of the current surge in the supply of industrial properties, the REIT may face heightened competition as potential tenants may be spoilt for choice.
Axis REIT 3Q NPI inches up to RM62 mil, declares 2.15 sen income distribution
On a quarterly basis, the group’s NPI came in 6.
