Axis REIT’s Yield-accretive Acquisitions To Drive Perfomance (New Straits Times)
March 29, 2022 – Axis Real Estate Investment Trust’s (Axis-Reit) strong appetite for yield accretive acquisitions in 2021 will drive up its financial year 2022 (FY22) revenue.
Hong Leong Investment Bank Bhd (HLIB) said Axis-Reit had been active in acquiring assets namely five properties in 2021, and so far two in 2022.
“With an acquisition target of RM400 million, Axis will stay focused in seeking for industrial type properties, while continuing to impute environmental, social and governance (ESG) elements into its operations.
“The five acquired properties in 2021 would see a full-year contribution and drive up its FY22 revenue,” HLIB said in a note today.
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