AXIS REITS

KLSE (MYR): AXREIT (5106)

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Last Price

1.78

Today's Change

0.00 (0.00%)

Day's Change

1.77 - 1.79

Trading Volume

292,600

Financial
Market Cap

Market Cap

3,111 Million

NOSH

1,747 Million

Latest Quarter

Latest Quarter

31-Dec-2023 [#4]

Announcement Date

23-Jan-2024

Next Quarter

31-Mar-2024

Est. Ann. Date

18-Apr-2024

Est. Ann. Due Date

30-May-2024

QoQ | YoY

159.41% | 84.76%

T4Q Result

Revenue | NP to SH

285,992.000 | 217,772.000

RPS | P/RPS

16.37 Cent | 10.88

EPS | P/E | EY

12.46 Cent | 14.28 | 7.00%

DPS | DY | Payout %

8.65 Cent | 4.86% | 69.23%

NAPS | P/NAPS

1.62 | 1.10

QoQ | YoY

30.25% | 14.55%

NP Margin | ROE

76.15% | 7.71%

F.Y. | Ann. Date

31-Dec-2023 | 23-Jan-2024

Latest Audited Result

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

Annual (Unaudited)

Revenue | NP to SH

285,992.000 | 217,772.000

RPS | P/RPS

16.37 Cent | 10.88

EPS | P/E | EY

12.50 Cent | 14.28 | 7.00%

DPS | DY | Payout %

8.65 Cent | 4.86% | 69.41%

NAPS | P/NAPS

1.62 | 1.10

YoY

14.55%

NP Margin | ROE

76.15% | 7.71%

F.Y. | Ann. Date

31-Dec-2023 | 23-Jan-2024

Annualized Result

Revenue | NP to SH

285,992.000 | 217,772.000

RPS | P/RPS

16.37 Cent | 10.88

EPS | P/E | EY

12.50 Cent | 14.28 | 7.00%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

51.9% | 14.55%

NP Margin | ROE

76.15% | 7.71%

F.Y. | Ann. Date

31-Dec-2023 | 23-Jan-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 2 / 4 50.00% 2 / 8 25.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 3 / 4 75.00% 3 / 8 37.50%
Continuous Quarters Of Adjusted EPS Growth 3 / 4 75.00% 3 / 8 37.50%
Total Dividend Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Dividend 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Dividend Growth 2 / 4 50.00% 2 / 8 25.00%
Continuous Quarters Of Adjusted Dps Growth 2 / 4 50.00% 2 / 8 25.00%
Average ROE 1.96% 1.91%
Average Net Profit Margin 74.75% 71.09%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 5 / 5 100.00% 9 / 10 90.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Profit Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Adjusted EPS Growth 1 / 5 20.00% 1 / 10 10.00%
Total Dividend Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Quarters Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE 7.96% 8.25%
Average Net Profit Margin 77.23% 74.62%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 285,992 285,992 285,992 209,450 250,275
NP to SH 217,772 217,772 217,772 156,639 191,909
Dividend 150,755 151,158 151,158 121,055 145,077
Adjusted EPS 12.46 12.50 12.50 8.97 10.99
Adjusted DPS 8.65 8.65 8.65 6.93 8.30

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 5.22% 6.84% 1.55% 5.67% 6.49%
NP to Owner 159.41% 84.76% 14.55% 102.50% 116.23%
Dividend 12.04% 9.69% -5.53% 11.28% 8.02%
Adjusted EPS 160.28% 85.38% 14.90% 102.83% 116.76%
Adjusted DPS 12.04% 9.69% -5.53% 11.28% 8.02%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% 14.27% 36.54% 0.00% 14.27% 36.54% 1.55% 14.27% 36.54%
NP to Owner 0.00% 13.48% 39.03% 0.00% 13.48% 39.03% 14.55% 13.48% 39.03%
Dividend -0.27% 3.91% 24.53% 0.00% 4.19% 24.87% -5.53% 4.19% 24.87%
Adjusted EPS -0.32% 13.38% 38.95% 0.00% 13.74% 39.39% 14.90% 13.74% 39.39%
Adjusted DPS 0.00% 4.19% 24.87% 0.00% 4.19% 24.87% -5.53% 4.19% 24.87%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
Be the first to like this. Showing 50 of 606 comments

speakup

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

2022-12-28 10:11

trade74

@speakup good choice for alaqar and sunreit...

2023-01-02 23:30

trade74

KWAP buying...dont sell low

2023-01-06 15:17

trade74

Another strong quarter coming up!!!

2023-01-16 14:34

trade74

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

2023-01-16 20:48

Brutus

Hoping to get IDRP as well.

2023-01-16 20:48

trade74

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

2023-01-16 20:49

trade74

jeng jeng jeng...QR today!!!

2023-01-19 09:52

Brutus

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

2023-01-19 20:47

pang72

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").

2023-01-19 21:10

Pinky

Disappointing?

2023-01-19 22:08

Pinky

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

2023-01-19 22:10

pang72

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

2023-01-20 17:10

speakup

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!

2023-01-21 14:18

pang72

Speak up gives the best advise! I agreed

2023-01-21 20:12

paperplane

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

2023-01-31 00:46

speakup

fyi sunreit will be disposing of sunway medical to sunway berhad

2023-01-31 09:46

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

PassionateInvestor

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

2023-04-18 19:36

zen_2k

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

u prefer Axreit do PP or Rights Issue?

2023-04-25 07:36

Brutus

@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

GS

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

speakup

Wow
Besok limit down?

2023-05-08 21:51

speakup

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

moven00

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

speakup

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

2023-05-10 18:36

Brutus

Nice drop, added more position today.

2023-05-16 17:52

moven00

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

i3kyan

what were those resignation and appointment lately?

2023-06-02 10:13

Siow Looi

It has become family business

2023-07-04 17:19

Pinky

Bye bye glory days of Axis

2023-07-26 18:18

Stanley7959

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

Nepo

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

Nepo

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

newbie2y

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

2023-10-28 08:19

Brutus

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

i3kyan

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

newbie2y

@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

i3kyan

what is the price for latest IDRP?

2023-11-27 18:02

Brutus

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

2023-11-27 21:29

i3kyan

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

2 months ago

i3kyan

@Brutus, thanks so much

2 months ago

bilisinvestor

I think the coming qr will not be so good

1 month ago

GreatDreamer

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.

1 month ago

weesiong91

silc i think not easy to get a new tenant

1 week ago

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