Posted by PassionateInvestor > 2023-04-18 19:36 | Report Abuse

Hmm..not great results from Axis this time. Suppose the private placement has impacted it.

Posted by zen_2k > 2023-04-25 03:41 | Report Abuse

non-stop PP, but PP proceeds utilised to grow company doesnt seem to prove that earnings can go higher, although there is said to be impacted by 3 properties - 2 undergoing upgrade, 1 lease contract looking for new lessee - and some provision for bad debt... regardless, I grow sceptical... anyone can bounce off ideas?

Posted by speakup > 2023-04-25 07:36 | Report Abuse

u prefer Axreit do PP or Rights Issue?

Posted by Brutus > 2023-04-25 10:34 | Report Abuse

@speakup, as unitholders of course I prefer Rights Issue. However from AXREIT view point, PP is easier to execute and in my opinion much faster.

Posted by GS > 2023-05-08 20:46 | Report Abuse

provision of RM7.31 million in impairment !!

Axis REIT provides RM7m impairment as tenant Yongnam defaults on rental
https://www.theedgemarkets.com/node/666028

Posted by speakup > 2023-05-08 21:51 | Report Abuse

Wow
Besok limit down?

Posted by speakup > 2023-05-09 13:00 | Report Abuse

7m impairment out of avg 35mil profit per Q. That's 20% impairment and yet no limit down????? So bad news leh

Posted by moven00 > 2023-05-10 17:43 | Report Abuse

Market is slowly and finally getting to it sense. More down down down for Axreit. Their super exposure on single customer exposure is finally hitting them very hard. If you like Logistics REIT I think Mapletree is a much better ones as it doesn’t have high single customer exposure.

Posted by speakup > 2023-05-10 18:36 | Report Abuse

That's why I prefer Sunreit, which has 20+ properties over a diverse spectrum of industries.

Posted by Brutus > 2023-05-16 17:52 | Report Abuse

Nice drop, added more position today.

Posted by moven00 > 2023-05-17 09:19 | Report Abuse

Mr Market very kind to let retailers sell and now finally the reality. Drop kaw2 first before we can collect back.

Posted by i3kyan > 2023-06-02 10:13 | Report Abuse

what were those resignation and appointment lately?

Posted by Siow Looi > 2023-07-04 17:19 | Report Abuse

It has become family business

Posted by Pinky > 2023-07-26 18:18 | Report Abuse

Bye bye glory days of Axis

Posted by Stanley7959 > 2023-08-30 14:41 | Report Abuse

Just some random thoughts after reading about National Energy Transition Roadmap (NETR)


Idea:
Axis renting out rooftop / installing solar panel to sell green energy


For instance: Axis Shah Alam Distribution Centre 2 (SADC2)
“145,314 square feet of rooftop area from Axis Shah Alam DC2 is tenanted by two tenants that have mounted solar electric generating systems.”


Based on some rough calculation from ChatGPT with data from year 2021
Assuming 140,000 square feet of solar panel installed (we assume not the entire 145,314 square feet are being installed with Solar Panel)

Energy Production per year: 4,139,100 kWh/year
Energy Price Worth in MYR: MYR 902,121.8/year

Since Axis total lettable area is 12,726,260 square feet
Assuming 10% of lettable area can be installed with Solar Panel

Energy Production per year: 35,478,000 kWh/year
Energy Price Worth in MYR: MYR 7,734,204/year.

Reference:
https://chat.openai.com/share/3037df72-c1bd-4442-b50a-315b86abddc6

Challenges:
1. Existing tenants have the rights of the rooftop they are renting ?
2. Large scale CAPEX required for installation of Solar Panel ?
3. NETR does not go as planned ?

I don’t really have any solid data to support this idea, but it is on my mind for quite some time and personally I think it is a good opportunity for Axis.

Posted by Nepo > 2023-10-21 18:43 | Report Abuse

Axis Real Estate Investment Trust (Axis REIT) has obtained a judgement in default against its former tenant at Axis Steel Centre @ SiLC in Nusajaya, Johor, over a default on rental payments and unexpired future rental payments amounting to RM110 million. Axis REIT said the judgement was served to Yongnam Engineering Sdn Bhd (YESB) and its corporate guarantor which is listed on the Singapore Exchange, Yongnam Holdings Ltd, as both parties did not enter their appearance in the lawsuit

Posted by Nepo > 2023-10-26 05:20 | Report Abuse

It added that the current rental is RM250,000 per month where the rental rate shall increase by 8% for the period between March 1, 2026 to Feb 28, 2029.

The purchase price was based on the market value of RM48mil, as appraised by independent registered valuer, First Pacific Valuers Property Consultants Sdn Bhd, in its valuation report dated Aug 23, 20230.

Axis-REIT said the acquisition will be funded by existing bank financing, which will increase Axis-REIT’s financing ratio to 37.04% of the audited total assets as at Dec 31, 2022, which is still below the gearing limit of 50%, as prescribed by the guidelines on Listed Real Estate Investment Trusts issued by the Securities Commission

Posted by newbie2y > 2023-10-28 08:19 | Report Abuse

guys, remember to subscribe to the DRIP if possible!😎

Posted by Brutus > 2023-10-28 09:36 | Report Abuse

Solid good QR despite Yongnam and Bukit Kemuning properties being vacant. Recently completed/acquired properties almost made up the difference. When these 2 are tenanted, the distribution income will be way higher!
IDIP is most welcome, just wished that the electable portion can be higher.

Posted by Nepo > 2023-10-29 12:47 | Report Abuse

https://property.enanyang.my/%e8%b6%8b%e5%8a%bf/%e5%bb%ba%e5%a4%9a%e5%b1%82%e4%bb%93%e5%ba%93%e5%ba%94%e5%af%b9%e5%9c%b0%e5%b0%91%e5%9c%b0%e8%b4%b5/

Posted by i3kyan > 2023-11-06 17:15 | Report Abuse

i3 changed the format of showing dividend? previously I can see the tax percentage of dividend, now I cant find where is it..?

Posted by newbie2y > 2023-11-06 20:00 | Report Abuse

@i3kyan, yep, cannot find in i3...can found in bursa announcement though-
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3396007

Posted by i3kyan > 2023-11-27 18:02 | Report Abuse

what is the price for latest IDRP?

Posted by Brutus > 2023-11-27 21:29 | Report Abuse

@i3kyan
It is priced at RM 1.70/unit for this round of IDRP.

Posted by i3kyan > 2023-12-21 12:12 | Report Abuse

may i know where can i check the details of IDRP? i cant find anywhere google.. :(

Posted by Brutus > 2023-12-21 12:29 | Report Abuse

i3kyan, why check google? Check on official BURSA announcement.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3395859&corporate_action=1

Posted by i3kyan > 2023-12-21 16:49 | Report Abuse

@Brutus, thanks so much

Posted by bilisinvestor > 2024-01-18 00:38 | Report Abuse

I think the coming qr will not be so good

Posted by GreatDreamer > 2024-01-24 13:53 | Report Abuse

4q23 result better than expected. Div 2.4sen. 2023 rent reversion 5.9%. Trouble Axis Steel Centre@ SiLC found tenant.

Likely qtr div 2.4sen is sustainable in 2024.

Strong emphasis on Green factory make Axis stand out n continue attract tenant.

Posted by weesiong91 > 2024-02-24 23:57 | Report Abuse

silc i think not easy to get a new tenant

Posted by KingKKK > 2024-04-21 19:34 | Report Abuse

Unfazed by Volatility: 5 Malaysia REITs with Strong Fundamentals (KingKKK) - AXREIT, CLMT, IGBREIT, SUNREIT, PAVREIT

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-21-story-h-182972911-Unfazed_by_Volatility_5_Malaysia_REITs_with_Strong_Fundamentals_KingKKK

Posted by GreatDreamer > 2024-04-23 13:28 | Report Abuse

Acquired Amsteel Bukit Raja land RM352m. Gearing go up from 0.34 to 0.42. Year end Private Placement again?

Since Axis price movement is quite stable, PP placees r biggest winner since they got discount about 5%.

Posted by Brutus > 2024-04-23 20:23 | Report Abuse

Hopefully next QR, AXREIT will announce another round of IDIP again instead of PP. This way retail investors can benefit instead of just Institutional Investors (EPF) to benefit. Last round IDIP was priced at RM 1.70 only!

Posted by fong7 > 2024-04-24 17:07 | Report Abuse

I don't like PP because it almost always gave me odd lots, which is impossible or very expensive to sell. Unless i am big investor, who can buy lots of shares to round up the PP offers to avoid odd lots, which I am certainly not one of them.

Posted by fong7 > 2024-04-24 17:10 | Report Abuse

Axreit's performance is only stable but not improving, which is kind of disappointed. I thought its warehouse business (now including own property development capability) could enhance its profits. Maybe still need more years. This strategy has at least run more than 5 years now? Still not much fruit.

Posted by fong7 > 2024-04-24 17:11 | Report Abuse

Expecting at least above 5% increase in yield p.a. for a 10 year performance. But seems didn't happen at all.

Posted by Brutus > 2024-04-24 19:36 | Report Abuse

@fong7, PP= Private Placement, usually offered to big institution like EPF.

Posted by i3kyan > 2024-05-02 10:13 | Report Abuse

any good news on the reason it suddenly come up?

Posted by GreatDreamer > 2024-05-02 11:42 | Report Abuse

Price go up as high as RM1.95 after disposing ASC@Silc for RM162m. Disposal proceed enable recycle capital for new acquisition. Therefore, Private placement not so soon unless another big acquisition coming.

Posted by PassionateInvestor > 2024-07-24 10:07 | Report Abuse

"Gearing should increase to 41% following these acquisitions, but the REIT will plan to undergo a placement to repay its borrowings" - RHB-OSK
Not another one...

Posted by GreatDreamer > 2024-07-30 11:36 | Report Abuse

2Q24 div 2.25sen disappointing. RM180m Axis Mega DC2 completed built in Mar24 has no tenant!

Posted by PassionateInvestor > 2 months ago | Report Abuse

EPF is continuously selling at the current price so that they can buy it cheaper during private placement? How ridiculous...

Posted by Brutus > 2 months ago | Report Abuse

Added more position today in anticipation for the coming income distribution.

Posted by remus > 2 months ago | Report Abuse

declare two times div 2.35 & 1.11 this QR, next Q can expect another div of 2c+?

Posted by Brutus > 2 months ago | Report Abuse

@remus, the 1.11c dividend is for the period 1/10 till 12/11. AXREIT is treating existing unitholders fairly as 13/11, they will list additional new shares (Private Placement). So, next quarter the income distribution is only for the period 13/11 to 31/12 with dilution. Hence maybe at best expect another 1.0c.

Posted by GreatDreamer > 2 months ago | Report Abuse

Axis bought Xin Hwa Pasir Gudang Warehouse RM75m in 2021.

"Xin Hwa warns of adverse impact as cargo transport unit’s licence suspended by authorities"

https://theedgemalaysia.com/node/732770

Posted by fong7 > 1 month ago | Report Abuse

Anything bad happened to Axreit? It keeps dropping for months.

Posted by Patrick Ling > 1 month ago | Report Abuse

Nothing bad happened. The price is falling due to the dilutive effect of private placement. Should take the opportunity to accumulate. Coming quarter results should be stronger.

Posted by fong7 > 1 month ago | Report Abuse

Dropping for a month now? Normally, drop like this only happen when dividend yield goes lower in near future. I thought Axreit should be a good ride for data center and warehouse businesses as of current trend.

Posted by PassionateInvestor > 2 weeks ago | Report Abuse

Unfortunately, the DY has been dropping for the past few qtrs now and this is even before the dilution. Plus the Private Placement price was around RM1.72-1.73 so currently it's just reflecting that value.