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Axis-REIT nets RM47mil in Q2, up 21pct on stronger rental income
Axis-REIT nets RM47mil in Q2, up 21pct on stronger rental income

New Straits Times

time30-07-2025

  • 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.

No injuries reported after shooting at Toronto restaurant: police
No injuries reported after shooting at Toronto restaurant: police

CTV News

time02-07-2025

  • CTV News

No injuries reported after shooting at Toronto restaurant: police

A Toronto restaurant in The Annex was shot at on July 1, 2025, police say. Toronto police are investigating after they say a restaurant in The Annex was shot at Tuesday night. Officers responded to reports of a shooting near Bedford and Davenport roads just before 11:30 p.m. When police arrived on scene, they said they found evidence of gunfire. Images from the scene showed what appeared to be at least eight bullet holes in the restaurant's windows. No injuries have been reported, and police haven't released a suspect description or possible motive for the shooting. Police did not identify the restaurant where the shooting took place, but said it was closed at the time.

Toronto police investigating after restaurant in The Annex shot at
Toronto police investigating after restaurant in The Annex shot at

CTV News

time02-07-2025

  • CTV News

Toronto police investigating after restaurant in The Annex shot at

A Toronto restaurant in The Annex was shot at on July 1, 2025, police say. Toronto police are investigating after they say a restaurant in The Annex was shot at Tuesday night. Officers responded to reports of a shooting near Bedford and Davenport roads just before 11:30 p.m. When police arrived on scene, they said they found evidence of gunfire. Images from the scene showed what appeared to be at least eight bullet holes in the restaurant's windows. No injuries have been reported, and police haven't released a suspect description or possible motive for the shooting. Police did not identify the restaurant where the shooting took place.

Some retailers say plan to install dedicated bus, streetcar lanes on Toronto's Bathurst Street could force them to close their doors
Some retailers say plan to install dedicated bus, streetcar lanes on Toronto's Bathurst Street could force them to close their doors

CTV News

time27-05-2025

  • Business
  • CTV News

Some retailers say plan to install dedicated bus, streetcar lanes on Toronto's Bathurst Street could force them to close their doors

A sign saying: 'We might have to close! Bathurst is losing access. So are we.' is seen on the window of a store on Bathurst Street. Some retailers along a stretch of Bathurst Street in The Annex say they'll be so negatively impacted by a plan to install dedicated bus and streetcar lanes on the busy arterial road that they may be forced to shutter their businesses. Recently, signs have recently popped up in the doors and windows of local stores that read: 'We might have to close! Bathurst is losing access. So are we.' This will result in the loss of delivery access and customer parking, the posters plastered on the storefronts add. They're part of a wider campaign by a group of local business owners and concerned residents called Protect Bathurst Coalition, whose tagline is: 'This isn't just a transit route — it's our home.' 'We agree with better transit - but not at the cost of basic access and livability on our streets,' the group states online. The proposed measures for Bathurst are part of a city council-endorsed surface transit network plan called RapidTO, which aims to guide the study, evaluation, and delivery of several bus and streetcar improvement projects in Toronto. Through this initiative, the city along with the TTC, will enhance bus and streetcar transit on Bathurst and Dufferin streets, Eglinton Avenue West, and Jane Street. The long-term goal is to make service more reliable, it says. Some of the key changes proposed for a 7.5-kilometre stretch of Bathurst from Eglinton Avenue West to Lake Shore Boulevard West include creating priority bus lanes in the northbound and southbound curb lanes from Bloor to Eglinton, as well as installing priority streetcar lanes in the centre of the street from Bloor to Lake Shore. Traffic Bathurst/Dupont Vehicles are seen lined up at the intersection of Bathurst and Dupont streets on May 27. (CTV News Toronto Chopper/photo) 'As Toronto grows, updating roadway designs can help meet the city's evolving transportation needs, including during major events such as FIFA World Cup 26,' the city said, noting it takes 75 per cent longer riding transit on Bathurst than it does driving. Marco Santaguida, of Santaguida Fine Foods, is not impressed with the plan, saying its positive impacts would be negligible. 'They're going to remove all curb-lane access to both parking, delivery, service vehicles, renovation vehicles, basically our day-to-day lifestyle is going to be uprooted,' he told CTV News Toronto. 'The buses are going to run approximately seven minutes quicker.' One transit rider, however, says any improvement on Bathurst would be a good thing. 'It's a little bit slow. I think it would be nice if they were to possibly bring it up just a little bit,' she said. Local businesses owner David Dunkley, whose fine millinery store has been on Bathurst for nearly two decades, says consultation for RapidTO on Bathurst was limited. 'There is all kinds of traffic and we know the traffic flow,' he said. 'I can assure you between 8 a.m. and 9 a.m. we're busy, but between 9 a.m. and 3 p.m. it's normal traffic as it would be anywhere else in the city.' Traffic Bathurst Street Vehicles travel along Bathurst Street in Toronto on May 27, 2025. In a statement, the City of Toronto called Bathurst a 'key north/south route' for thousands of TTC customers, adding that it is also 'known to have slow and unreliable service because buses and streetcars are operating in mixed traffic.' 'A priority transit lane on Bathurst Street will improve service, make taking transit an easier and more convenient choice for everyone; reducing the use of personal vehicles and therefore also reducing traffic congestion and greenhouse gas emissions,' the city said. '[We are] committed to monitoring the impact of the transit priority lanes after installation and will continue to make adjustments to optimize traffic flow and ensure there is consideration to local business owners.' Those with businesses on Bathurst say they have been targeted on social media for opposing the plans but are making no apologies for defending their livelihoods. 'We're receiving backlash for that. So we're taking it on the chin as we have to because, you know, it's democracy. We should all have a voice on how things are being done and changed,' Paul Macchiusi, of Minerva Cannabis, said. The City of Toronto added that input from the public, as well as technical and policy consideration, would be used to inform staff recommendations and council decisions this summer. A report to executive committee is expected in early June followed by a report to city council. With files from CTV News Toronto's John Musselman and Mike Walker

Classical music: New offerings at Vancouver's The Annex top the season
Classical music: New offerings at Vancouver's The Annex top the season

The Province

time01-05-2025

  • Entertainment
  • The Province

Classical music: New offerings at Vancouver's The Annex top the season

Aficionados of new music can sample a bumper crop of events at The Annex, that useful and adaptive space tucked in behind the Orpheum Avan Yu is the new leader of Muzewest Concerts. Irène Zandel photo Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. With many of our classical presenters' series winding down or even over, next month is notable for intriguing explorations, transitions, and grand finales. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors For example, aficionados of new music can sample a bumper crop of events at The Annex, that useful and adaptive space tucked in behind the Orpheum on Seymour Street. The Vancouver Symphony Orchestra presents Coastal Soundscapes When: May 15, 7:30 p.m. Where: The Annex, 823 Seymour St. Info: Conductor Naomi Woo has assembled a sampler of new music, including the late Jocelyn Morlock's Blue Sun for violin and viola, and Icarus Landing, a turn of the century work for chamber ensemble. Also on the program is Vancouver-based Robyn Jacob's A World in Each, a commemorative piece about the bombings of Hiroshima and Nagasaki. As well, Woo will perform piano music by ex-Vancouverite Alexina Louie: her evocative Memories in an Ancient Garden from Scenes from a Jade Terrace. Radical Traditions: New Music for Gamelan Essential reading for hockey fans who eat, sleep, Canucks, repeat. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. When: May 17, 7:30 p.m. Where: The Annex, 823 Seymour St. Info: Vancouver boasts several gamelan ensembles. Three of them — Gamelan Bike Bike, Gita Asmara, and Kembang Telang — will be on show in a mid-month concert presenting a mixture of traditional Indonesian repertoire and new works. Finnish master Kaija Saariaho. Maarit Kytoharju photo Turning Point Ensemble presents Kaija Saariaho: Notes on Light When: May 24, 7:30 p.m.; May 25, 2:30 p.m. Where: The Annex, 823 Seymour St. Info: One of the great figures in contemporary composition, Kaija Saariaho, died two years ago. The Turning Point Ensemble offers a timely portrait of the Finnish master. The highlight of the program is her Notes on Light, a 2007 commission by the illustrious Boston Symphony. For this performance, cellist Isidora Nojkovic is featured with an ensemble of 19 musicians. Rounding out the program are Semafor for eight instruments and vocal works sung by Robyn Driedger-Klassen with instrumental backup. This advertisement has not loaded yet, but your article continues below. Muzewest Concerts Society presents Avan Yu and Friends When: May 3, 7:30 p.m. Where: The Annex, 823 Seymour St. Info: Before The Annex hosts all that new music, Muzewest celebrates its transition to the leadership of pianist Avan Yu. The first half of the program is a selection of incomparable piano music by Maurice Ravel; then Yu is joined by Nicholas Wright, David Visentin, Hung-Wei Huang, and Jonathan Lo for Robert Schumann's one and only piano quintet. BMO Day of Music When: May 24, 10 a.m. to 10 p.m. Where: In and around the Orpheum, 601 Smithe St. Info: On what used to be called Victoria Day, the Vancouver Symphony Orchestra offers the latest installment of the extravagant Day of Music project, billed as 'Over 100 performances to enjoy… something for everyone in the family.' The Orpheum/VSO School of Music block is ground zero, and satellite stages will operate all around downtown. All events are free, and festivities wind up with a concert by the entire VSO in the Orpheum at 8 p.m. VSO Masterworks Gold When: May 30, 8 p.m.; May 31, 8 p.m.; Jun 1, 2 p.m. Where: Orpheum, 601 Smithe St. The VSO's flagship Masterworks Gold series winds up with a rare chance to hear Richard Strauss's gargantuan Alpine Symphony, a tone poem structured around a day in the mountains. Music director Otto Tausk pairs the Strauss with Prokofiev's ultra popular Third Piano Concerto essayed by Canadian superstar pianist Bruce Liu. Vancouver Canucks Sports Baseball Sports News

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