Axis Real Estate Investment Trust (5106)
XKLS XKLS Primary Summary
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Axis Real Estate Investment Trust Profile
| Diversified REITs Industry | Real Estate Sector | Mr. Carl Gunnar Myhre CEO | XKLS Exchange | MYL5106TO008 ISIN |
| MY Country | 78 Employees | 13 May 2026 Last Dividend | 4 Sep 2015 Last Split | - IPO Date |
Overview
Axis Real Estate Investment Trust (Axis-REIT) marks its distinction as Malaysia’s pioneering real estate investment trust, having made its debut on the Bursa Securities on the 3rd of August, 2005. Taking a significant turn on the 11th of December, 2008, Axis-REIT transitioned into an Islamic REIT, ensuring all its acquisitions are in compliance with Shariah law. Managed by Axis REIT Managers Berhad, with RHB Trustees Berhad acting as its trustee, Axis-REIT showcases a diverse and strategically positioned portfolio. This portfolio encompasses 62 properties located across prime regions including the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan, and Kedah. Emphasizing on industrial real estate, the trust has 93% of its properties on industrial titles, maintaining a strong foothold in the sector. As of the 30th of June, 2023, Axis-REIT reported a commendable occupancy rate of 89% with a promising weighted average lease expiry (WALE) period of 5 years. Overseeing a space of 12.7 million square feet and boasting a total asset value of RM4.4 billion further underscores its robust stature in the real estate investment landscape.
Products and Services
- Shariah-Compliant Real Estate Investments
Axis-REIT's transition to an Islamic REIT solidified its commitment to offering real estate investment options that are fully compliant with Shariah principles. This strategic move ensures all acquisitions and financial undertakings adhere to Islamic finance laws and ethical guidelines, catering to investors seeking Shariah-compliant investment opportunities.
- Industrial Real Estate Portfolio
Boasting a strong industrial real estate portfolio, 93% of Axis-REIT's properties are earmarked with industrial titles. This focus demonstrates the trust’s dedication to sector-specific growth and investment, prioritizing industrial spaces that cater to a broad spectrum of business and logistical needs. With strategic locations spread across Malaysia’s key economic zones, Axis-REIT provides valuable industrial real estate solutions.
- Strategically Located Properties
With 62 properties under management, Axis-REIT’s portfolio benefits from strategic placement across Malaysia’s most vibrant and economically significant regions. These locations include the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan, and Kedah, ensuring investors and tenants access to prime real estate suited for a variety of business operations and growth opportunities.
