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About Axis Real Estate Investment Trust
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 has a diverse portfolio of 70 properties strategically located in the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan and Kedah as at 30 June 2026. Axis REIT Managers Berhad is the Manager of Axis REIT while RHB Trustees Berhad is the trustee of Axis-REIT. Axis-REIT has a solid industrial space portfolio. As at 30 June 2026, the occupancy rate of Axis REIT's portfolio stood at 93% with a weighted average lease expiry period of 4.2 years, based on rental. The total space under management is 15.3 million square feet and total asset value of RM5.42 billion. Axis Real Estate Investment Trust was established on June 15, 2005 and incorporated in Malaysia.
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5 years, 5 months ago
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.