Axis-REIT 2Q earnings rise to RM47mil
PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) has reported a higher net profit of RM46.95mil for the second quarter ended June 30, 2025 (2Q25), compared with RM38.96mil in the same quarter last year, driven by stronger property income.
Revenue for the quarter rose to RM90.25mil from RM76.53mil a year earlier, while basic earnings per unit increased to 2.32 sen from 2.23 sen.
In a filing with Bursa Malaysia, Axis-REIT said total trust income and net income for the quarter stood at RM90.25mil and RM46.95mil, respectively.
For the first half of financial year 2025 (FY25), net profit rose to RM96.08mil from RM81.22mil, while revenue increased to RM180.12mil from RM152.07mil in the same period last year.
Axis-REIT also declared a second interim income distribution of 2.65 sen per unit, including an additional 0.14 sen per unit from the partial disposal gain of The Annex, payable on Aug 29, 2025.
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