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Axis Real Estate Investment Trust is currently in a long term downtrend where the price is trading 3.8% below its 200 day moving average.
From a valuation standpoint, the stock is 89.9% more expensive than other stocks from the Other sector with a price to sales ratio of 12.2.
Axis Real Estate Investment Trust's total revenue rose by 6.6% to $66M since the same quarter in the previous year.
Its net income has dropped by 61.3% to $49M since the same quarter in the previous year.
Finally, its free cash flow grew by 171.3% to $140M since the same quarter in the previous year.
Based on the above factors, Axis Real Estate Investment Trust gets an overall score of 2/5.
| CurrencyCode | MYR |
|---|---|
| ISIN | MYL5106TO008 |
| Exchange | KLSE |
| Sector | Real Estate |
| Industry | REIT - Diversified |
| Market Cap | 4B |
|---|---|
| Beta | 0.07 |
| Dividend Yield | 5.5% |
| PE Ratio | 15.58 |
| Target Price | 1.9511 |
Axis Real Estate Investment Trust ("Axis-REIT"), Malaysia's first real estate investment trust, was listed on Bursa Securities on 3 August 2005. Having been reclassified as an Islamic REIT on 11 December 2008, all acquisitions by Axis-REIT are Shariah compliant. It currently has a diverse portfolio of 62 properties strategically located in the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan and Kedah. Axis REIT Managers Berhad is the Manager of Axis-REIT while RHB Trustees Berhad is the latter's trustee. Axis-REIT has a solid industrial space portfolio where 93% of the properties are on industrial titles. As at 30 June 2023, the occupancy rate of Axis-REIT's portfolio stood at 89% with a weighted average lease expiry period of 5 years, based on rental. As at 30 June 2023, the space under management is 12.7 million square feet and total asset value of RM4.4 billion.
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