Axis REIT Earnings Growth To Be Fuelled By Industrial Assets, Says MIDF Research (New Straits Times)
April 21, 2022 – Axis Real Estate Investment Trust’s (Axis Reit) earnings outlook is expected to remain positive, said MIDF Research.
This will be supported by steady growth for industrial assets on the back of solid demand for industrial space.
“(Axis Reit’s) earnings growth is also expected to be driven by contribution from potential asset acquisitions target with a total estimated value of RM120 million,” it said.
MIDF Research said Axis-Reit’s first quarter (Q1) FY22 core net earnings of RM39.1 million came in within expectations, due to contributions from three newly-acquired assets.
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