AXIS REIT records higher 2Q earnings
PETALING JAYA: Axis Real Estate Investment Trust (Axis REIT) reported a higher net profit of RM46.95mil for the second quarter ended June 30, 2025 (2QFY25), 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 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.
The group said it remains optimistic about maintaining its performance in FY25, supported by its existing property portfolio and continued efforts to pursue quality investment opportunities.
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.
'Our strong performance reflects the resilience and quality of our industrialfocused portfolio, supported by sustained demand for our strategically located assets.
'Despite the headwind from global uncertainties and rising cost of operation, we remain cautiously optimistic on the industrial sector as Malaysia continues to attract foreign investments, underpinned by well-established infrastructure and robust industrial ecosystem,' Axis REIT Managers Bhd chief executive officer/executive director Leong Kit May said in a statement.
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