AXIS REITS
KLSE (MYR): AXREIT (5106)
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Last Price
1.80
Today's Change
-0.04 (2.17%)
Day's Change
1.79 - 1.84
Trading Volume
3,846,400
Overview
Market Cap
3,134 Million
NOSH
1,741 Million
Avg Volume (4 weeks)
1,636,525
4 Weeks Range
1.77 - 1.86
4 Weeks Price Volatility (%)
33.33%
52 Weeks Range
1.77 - 1.94
52 Weeks Price Volatility (%)
17.65%
Previous Close
1.84
Open
1.84
Bid
1.79 x 413,300
Ask
1.80 x 326,400
Day's Range
1.79 - 1.84
Trading Volume
3,846,400
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2023 [#3] | 27-Oct-2023
Next QR | Est. Ann. Date
31-Dec-2023 | 19-Jan-2024
T4Q P/E | EY
18.74 | 5.34%
T4Q DY | Payout %
4.69% | 87.95%
T4Q NAPS | P/NAPS
1.58 | 1.14
T4Q NP Margin | ROE
59.47% | 6.10%
Market Buzz
2023-12-01
2023-11-30
2023-11-29
2023-11-29
2023-11-28
2023-11-28
News and Blogs
Company Profile
Sector: REAL ESTATE INVESTMENT TRUSTS
Sector: REAL ESTATE INVESTMENT TRUSTS
Subsector: REAL ESTATE INVESTMENT TRUSTS
Subsector: REAL ESTATE INVESTMENT TRUSTS
Description:
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.
Discussions
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This is a good guide/read:
https://www.thesundaily.my/business/how-are-individual-reit-holders-taxed-DL8085410
2022-12-28 09:48
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
Potential assets acquisition by axreit... PP... epf liquidating the education riet.... any thoughts?
2023-01-16 20:48
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,
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
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
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
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
1 month ago
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
1 month ago
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.
1 month ago
i3 changed the format of showing dividend? previously I can see the tax percentage of dividend, now I cant find where is it..?
3 weeks ago
@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
3 weeks ago
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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?
2022-12-28 09:33