AXIS REITS

KLSE (MYR): AXREIT (5106)

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Last Price

1.77

Today's Change

-0.01 (0.56%)

Day's Change

1.76 - 1.78

Trading Volume

832,800


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605 comment(s). Last comment by GreatDreamer 4 weeks ago

b3uni9

3 posts

Posted by b3uni9 > 2022-12-28 09:33 | Report Abuse

Of the 2.09 sen distribution, 1.75 sen is taxable and 0.34 sen non-taxable, according to the group's bourse filing.
May i know we get in the end?

Pinky

3,147 posts

Posted by Pinky > 2022-12-28 09:34 | Report Abuse

(1.75 sen x 90% + 0.34 sen) x no. of units you have

b3uni9

3 posts

Posted by b3uni9 > 2022-12-28 09:39 | Report Abuse

why x 90%? let's say I have 100000 units?

Pinky

3,147 posts

Posted by Pinky > 2022-12-28 09:46 | Report Abuse

10% Withholding Tax on MREIT

Go Google and read it up

Pinky

3,147 posts

Pinky

3,147 posts

Posted by Pinky > 2022-12-28 09:49 | Report Abuse

100,000 x (1.75 sen x 90% + 0.34 sen)

speakup

24,461 posts

Posted by speakup > 2022-12-28 10:11 | Report Abuse

Axis REIT is good. it was the 1st REIT speakup invested in, but sold already long time ago
Now speakup prefer Alaqar & Sunreit

trade74

60 posts

Posted by trade74 > 2023-01-02 23:30 | Report Abuse

@speakup good choice for alaqar and sunreit...

trade74

60 posts

Posted by trade74 > 2023-01-06 15:17 | Report Abuse

KWAP buying...dont sell low

trade74

60 posts

Posted by trade74 > 2023-01-16 14:34 | Report Abuse

Another strong quarter coming up!!!

trade74

60 posts

Posted by trade74 > 2023-01-16 20:48 | Report Abuse

Potential assets acquisition by axreit... PP... epf liquidating the education riet.... any thoughts?

Brutus

287 posts

Posted by Brutus > 2023-01-16 20:48 | Report Abuse

Hoping to get IDRP as well.

trade74

60 posts

Posted by trade74 > 2023-01-16 20:49 | Report Abuse

@Brutus yes... hopefully it will be this time around...

trade74

60 posts

Posted by trade74 > 2023-01-19 09:52 | Report Abuse

jeng jeng jeng...QR today!!!

Brutus

287 posts

Posted by Brutus > 2023-01-19 20:47 | Report Abuse

Nice QR. Hopefully FY23Q1 will have IDRP similar to FY22.

pang72

46,548 posts

Posted by pang72 > 2023-01-19 21:10 | Report Abuse

No idrp but dividend 0.24c, ada salah kah?

Final Income Distribution of 0.24 sen per unit which is wholly subject to tax in respect of the period from 23 December 2022 to 31 December 2022 ("2022 Final Income Distribution").

Pinky

3,147 posts

Posted by Pinky > 2023-01-19 22:08 | Report Abuse

Disappointing?

Pinky

3,147 posts

Posted by Pinky > 2023-01-19 22:10 | Report Abuse

@pang72 15 Dec already announced RM0.0209, payment date is tomorrow

pang72

46,548 posts

Posted by pang72 > 2023-01-20 17:10 | Report Abuse

Pinky,
Dec dividend is OK.
How about the recent announce dividend 0.24c, anything wrong? I thought is 2.4c?

Final Income Distribution of 0.24 sen per unit which is wholly subject to tax in respect of the period from 23 December 2022 to 31 December 2022 ("2022 Final Income Distribution").


Kindly be advised of the following :



1) The above Company's securities will be traded and quoted "Ex - Income” as from: 08 Feb 2023
2) The last date of lodgment : 09 Feb 2023
3) Date Payable : 28 Feb 2023

speakup

24,461 posts

Posted by speakup > 2023-01-21 14:18 | Report Abuse

best mall reit: igbreit
best office reit: ouareit
best industrial reit: axreit
best hospital reit: alaqar
best diversified reit: sunreit

buy only the best, forget the rest!

pang72

46,548 posts

Posted by pang72 > 2023-01-21 20:12 | Report Abuse

Speak up gives the best advise! I agreed

paperplane

21,530 posts

Posted by paperplane > 2023-01-31 00:46 | Report Abuse

best hospital reit=sunreit with sunway medical, 1 enough beat all, hehe

speakup

24,461 posts

Posted by speakup > 2023-01-31 09:46 | Report Abuse

fyi sunreit will be disposing of sunway medical to sunway berhad

Brutus

287 posts

Posted by Brutus > 2023-02-01 08:41 | Report Abuse

Just noticed the below:
EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 706,500 shares on 26-Jan-2023.
On 26-Jan-2023, the total day's volume for AXREIT was only 897,300. Meaning non EPF account, the free market volume was only 190,800 shares.

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.

zen_2k

617 posts

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?

speakup

24,461 posts

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

u prefer Axreit do PP or Rights Issue?

Brutus

287 posts

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.

GS

256 posts

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

speakup

24,461 posts

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

Wow
Besok limit down?

speakup

24,461 posts

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

moven00

698 posts

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.

speakup

24,461 posts

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.

Brutus

287 posts

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

Nice drop, added more position today.

moven00

698 posts

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.

i3kyan

49 posts

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

what were those resignation and appointment lately?

Siow Looi

415 posts

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

It has become family business

Pinky

3,147 posts

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.

Nepo

3,235 posts

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

Nepo

3,235 posts

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

newbie2y

572 posts

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

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

Brutus

287 posts

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.

i3kyan

49 posts

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..?

newbie2y

572 posts

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

i3kyan

49 posts

Posted by i3kyan > 2 months ago | Report Abuse

what is the price for latest IDRP?

Brutus

287 posts

Posted by Brutus > 2 months ago | Report Abuse

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

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