Axis REIT earnings growth projected at 10% for this year

Maybank IB Research said Axis achieved a positive rental reversion rate of 5.6% for 2020.

PETALING JAYA: Despite the Covid-19 pandemic, Axis Real Estate Investment Trust (REIT) has a high tenant retention rate and this poses lower risk of non-renewals.

Currently, there are five ongoing acquisitions which are expected to be completed in the first half of this year at a total purchase price of RM235mil.