KUALA LUMPUR: Axis Real Estate Investment Trust (REIT) net profit for the third quarter (3Q) ended Sept 30, 2010 surged to RM24.26 million from RM10.25 million a year ago, on the back of revenue RM22.39 million.

Earnings per share was 7.6 sen, while net assets per share was RM1.89.

For the nine months ended Sept 30, its net profit rose to RM60.41 million from RM33.21 million in 2009.

Commenting on its prospects, Axis REIT said it was optimistic that in view of the current satisfactory performance of its existing investment portfolio and its growth strategy to actively pursue quality acquisitions, it will be able to maintain its current performance for the coming quarter and the rest of the financial year ending Dec 31, 2010.