AXIS REITS
KLSE (MYR): AXREIT (5106)
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Last Price
1.73
Today's Change
-0.02 (1.14%)
Day's Change
1.73 - 1.75
Trading Volume
1,688,700
Financial
Market Cap
3,478 Million
NOSH
2,010 Million
Latest Quarter
30-Sep-2024 [#3]
Announcement Date
28-Oct-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
23-Jan-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
-3.04% | -11.13%
Revenue | NP to SH
307,895.000 | 229,240.000
RPS | P/RPS
15.31 Cent | 11.30
EPS | P/E | EY
11.40 Cent | 15.17 | 6.59%
DPS | DY | Payout %
8.08 Cent | 4.67% | 70.89%
NAPS | P/NAPS
1.40 | 1.23
QoQ | YoY
-2.02% | 37.11%
NP Margin | ROE
74.45% | 8.12%
F.Y. | Ann. Date
30-Sep-2024 | 28-Oct-2024
Latest Audited Result
31-Dec-2023
Announcement Date
29-Feb-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
28-Feb-2025
Est. Ann. Due Date
29-Jun-2025
Revenue | NP to SH
285,992.000 | 217,772.000
RPS | P/RPS
14.22 Cent | 12.16
EPS | P/E | EY
10.83 Cent | 15.97 | 6.26%
DPS | DY | Payout %
7.52 Cent | 4.35% | 69.41%
NAPS | P/NAPS
1.41 | 1.23
YoY
14.55%
NP Margin | ROE
76.15% | 7.71%
F.Y. | Ann. Date
31-Dec-2023 | 23-Jan-2024
Revenue | NP to SH
309,786.666 | 158,657.333
RPS | P/RPS
15.41 Cent | 11.23
EPS | P/E | EY
7.89 Cent | 21.92 | 4.56%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-2.33% | 10.67%
NP Margin | ROE
51.22% | 5.62%
F.Y. | Ann. Date
30-Sep-2024 | 28-Oct-2024
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
Be the first to like this. Showing 50 of 625 comments
Hmm..not great results from Axis this time. Suppose the private placement has impacted it.
2023-04-18 19:36
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?
2023-04-25 03:41
@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.
2023-04-25 10:34
provision of RM7.31 million in impairment !!
Axis REIT provides RM7m impairment as tenant Yongnam defaults on rental
https://www.theedgemarkets.com/node/666028
2023-05-08 20:46
7m impairment out of avg 35mil profit per Q. That's 20% impairment and yet no limit down????? So bad news leh
2023-05-09 13:00
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.
2023-05-10 17:43
That's why I prefer Sunreit, which has 20+ properties over a diverse spectrum of industries.
2023-05-10 18:36
Mr Market very kind to let retailers sell and now finally the reality. Drop kaw2 first before we can collect back.
2023-05-17 09:19
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.
2023-08-30 14:41
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
2023-10-21 18:43
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
2023-10-26 05:20
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.
2023-10-28 09:36
i3 changed the format of showing dividend? previously I can see the tax percentage of dividend, now I cant find where is it..?
2023-11-06 17:15
@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
2023-11-06 20:00
may i know where can i check the details of IDRP? i cant find anywhere google.. :(
2023-12-21 12:12
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
2023-12-21 12:29
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.
2024-01-24 13:53
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
2024-04-21 19:34
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%.
2024-04-23 13:28
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!
2024-04-23 20:23
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.
2024-04-24 17:07
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.
2024-04-24 17:10
Expecting at least above 5% increase in yield p.a. for a 10 year performance. But seems didn't happen at all.
2024-04-24 17:11
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.
2024-05-02 11:42
"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...
2024-07-24 10:07
2Q24 div 2.25sen disappointing. RM180m Axis Mega DC2 completed built in Mar24 has no tenant!
2024-07-30 11:36
EPF is continuously selling at the current price so that they can buy it cheaper during private placement? How ridiculous...
1 month ago
@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.
1 month ago
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
1 month ago
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.
3 weeks ago
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.
1 week ago
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Brutus
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.
2023-02-01 08:41