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.
"The group wants to hit RM2 billion in assets under management “as soon as possible”, said chief executive officer Valerie Ong Pui Shan.
In a note on Thursday, CIMB Securities said that the company's earnings are expected to grow 2.
The real estate investment trust (REIT) announced a distribution of 1.
“We have been actively managing our balance sheet to create room for acquisitions and if we have a choice, we would be keen to deploy some of our capital again in the industrial and logistics area,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.
Revenue increased 5.
NPI for the quarter ended Dec 31, 2024 (3QFY2025) was RM11.
The property is 100% leased to supermarket chain operator AEON Co (M) Bhd (KL:AEON), whose lease will last another 13 years until Dec 3, 2037.
NPI for the second quarter ended Dec 31, 2024 (2QFY2025) grew to RM21.
Net rental income rose to RM20.