Axis-REIT 3Q NPI up 5% on higher overall trust income
KUALA LUMPUR (Oct 22): Axis-REIT’s net property income for the third quarter ended Sept 30, 2020 rose 4.
Axis REIT to buy Shah Alam warehouse for RM11.87 million
KUALA LUMPUR (Sept 3): Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire a warehouse located in Shah Alam, Selangor, for RM11.
Axis REIT buys Shah Alam warehouse for RM95m
KUALA LUMPUR (Aug 27): Axis Real Estate Investment Trust’s (Axis REIT) trustee, RHB Trustee Bhd, is acquiring a property located in Seksyen 15, Shah Alam, from Axis Development Sdn Bhd for RM95 million.
Affin Hwang remains neutral on MREITs despite OPR cut to 1.75%
KUALA LUMPUR (July 8): Affin Hwang Capital Research has maintained its "neutral" rating for Malaysian real estate investment trusts (MREITs) with a 5% distribution yield at the end of 2021 after Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR), for the fourth time this year, by 25 basis points (bps) to 1.
HLIB keeps ‘overweight’ on REITs, top picks Axis REIT and KLCCSS
KUALA LUMPUR (March 19): Hong Leong IB Research (HLIB) has maintained its “overweight” rating on the Malaysian real estate investment trust (REIT) sector and said it was revising its earnings forecasts for the sector with cuts ranging from -8.
Axis REIT aims for RM5b portfolio size
PETALING JAYA (Feb 15): Axis Real Estate Investment Trust (Axis REIT) Managers Bhd CEO Leong Kit May aims to grow the trust’s portfolio from RM3 billion to RM5 billion within five years, The Edge Malaysia reported today.
Axis REIT looking to acquire RM140m worth of new assets this year
KUALA LUMPUR (Jan 21): Axis Real Estate Investment Trust (Axis REIT) has identified RM140 million worth of new assets to buy this year, continuing its acquisition spree that lifted its asset under management to over RM3 billion in 2019.
Axis REIT to buy Bukit Raja property for RM37m
KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.
Axis REIT hungry for more assets
KUALA LUMPUR (Dec 9): Axis Real Estate Investment Trust (REIT) is in talks with several parties on buying more assets, a clear indication that it does not intend to slow down in its acquisition spree.
Axis REIT placement shares fixed at RM1.72
KUALA LUMPUR (Nov 1): Axis Real Estate Investment Trust has fixed the issue price for the placement of 160.
