Dividend for reit\trust

[AXREIT] Income Distribution on 07-May-2024

Announcement Date: 23-Apr-2024
Related Stock:
Share Registrar:
FY: 31-Dec-2024

RM 0.0230

  • Ex Date
  • Entitlement Date
  • Payment Date
AXIS REITS announced a quarterly dividend of RM 0.0230 per share. The dividend is payable on 31-May-2024, while the ex-date will be on 07-May-2024. This is lower than the previous dividend of RM 0.0240 per share, with ex-date of 07-Feb-2024 and paid to the shareholders on 29-Feb-2024.

Ann. Date Ex Date Amount Payment Date

Axis Real Estate Investment Trust owns and invests in commercial, office and industrial real estate in Malaysia. The trust derives its income from leases and long-term capital growth. The company's portfolio consists of commercial offices, office and industrial buildings, warehouse and logistic centres, manufacturing facilities, and supermarkets. Warehouse and logistic centres account for approximately half the total net lettable area, followed by office and industrial buildings and manufacturing facilities. By geography, the properties are mainly located in Petaling Jaya, Johor, Shah Alam, and Penang. The office buildings are mainly close to public transportation and amenities.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.

How to apply
No application is needed. Shareholders that fulfill the requirement above will receive the dividend in their registered bank account on the payment date automatically.

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