KUALA LUMPUR (Dec 15): Axis Real Estate Investment Trust (REIT) has declared a fourth interim income distribution of 2.09 sen per unit bringing its total income distribution for the year ending Dec 31, 2022 (FY2022) to 9.51 sen.

The 2.09 sen distribution, in respect of the period from Oct 1 till Dec 22, will be paid on Jan 20 next year. The ex-date is Dec 29 and the entitlement date is Dec 30.

Of the 2.09 sen distribution, 1.75 sen is taxable and 0.34 sen non-taxable, according to the group's bourse filing.

On Oct 19, Axis REIT announced its third interim income distribution of 2.45 sen per unit, along with its financial results for 3QFY2022.

Its net property income for the quarter climbed 12.54% to RM64.64 million from RM54.64 million a year earlier, on the back of rental income from newly acquired properties.

The REIT also reported revenue of RM71.71 million, an increase of 16.39% compared with RM61.61 million for 3QFY21 due to higher property income.

Axis REIT’s share price closed one sen or 0.56% lower at RM1.79 on Wednesday (Dec 15), giving it a market capitalisation of RM9.48 billion.