Axis REIT Q3 net income lower at RM29.74mil

Leong: As at Sept 30, 2018, the occupancy rate of Axis Reit’s portfolio stood at 94.8.

PETALING JAYA: Axis Real Estate Investment Trust’s (Reit) net income fell 8.7% to RM29.74mil for the third quarter ended Sept 30, from RM32.56mil in the corresponding quarter last year due to higher expenses.

The trust has declared a third interim income distribution of 2.35 sen per unit, which would be payable on Dec 10.