30-07-2025
- Business
- New Straits Times
Axis-REIT nets RM47mil in Q2, up 21pct on stronger rental income
KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) recorded a total trust income of RM90.3 million in the second quarter ended Dec 31, 2025 (2Q25), an 18 per cent increase from RM76.5 million a year ago.
Net income rose by 20.5 per cent year-on-year to RM46.95 million, driven by higher property income, it said in a statement today.
For the six-month cumulative period ended June 30, 2025, Axis-REIT achieved a total trust income of RM180.1 million, marking an 18.4 per cent increase from RM152.1 million a year ago.
Net income for the period rose to RM96.1 million, reflecting an 18.3 per cent improvement year-on-year.
Axis-REIT has also announced that it will distribute part of the RM8.8 million net gain from the disposal of The Annex, which was completed on April 30.
The second interim income distribution is set at 2.65 sen per unit, which includes 0.14 sen from the disposal gain. The payment will be made on Aug 29, 2025.
The distribution also includes a non-taxable portion of approximately 0.15 sen per unit, derived from tax-exempt income and part of the gain from the disposal.
This brings the year-to-date distribution per unit to 5.15 sen, marking a 13.2 per cent increase from 4.55 sen in the same period last year.
Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May said the strong performance reflects the resilience and quality of its industrial-focused portfolio, supported by sustained demand for our strategically located assets.
Despite global uncertainties and rising operating costs, she said the fund remains cautiously optimistic about the industrial sector, as Malaysia continues to attract foreign investments underpinned by strong infrastructure and a robust industrial ecosystem.
She added that Axis-REIT is expected to benefit from the disposal of The Annex in the remaining quarters of 2025 and will continue focusing on targeted asset enhancement initiatives to preserve and elevate portfolio value.
"With these measures in place, we strive to deliver stable and sustainable returns to our unitholders," she added.
