Axis REIT targets RM430mil in new property acquisitions

Quick Summary:

PETALING JAYA: Axis Real Estate Investment Trust (REIT) aims to acquire new properties worth RM430mil, adding to its 69 assets across Peninsular Malaysia with total assets under management of RM5.21bil.

The new target for acquisition value marks a sharp jump from the RM300mil target mentioned in January.

With the higher net income, the trust’s earnings per share for 1Q25 inched up marginally to 2.44 sen.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Axis REIT Property Corporate News Acquisitions /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 19:37:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28170506

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