In a report yesterday, UOB Kay Hian Research said net profit grew 9.8% in 2017, adding that the Reit sector growth in 2018 should come mainly from Axis Reit, as it will recognise the contribution of Axis Mega development.
PETALING JAYA: Axis Real Estate Investment Trust’s (Axis REIT) net profit for its second quarter ended June 30 rose 15% to RM26.83mil from RM23.27mil in the previous corresponding period, due to better realised net income from operations amounting to RM24.42mil.
In a filing with Bursa Malaysia yesterday, the company said it has proposed to distribute 99.7% from the realised income available for distribution generated from operations for the second quarter of 2018.
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