PETALING JAYA: Analysts have made no changes to their earnings estimates for Axis Real Estate Investment Trust (REIT) following its purchase of its newest asset, stating that the impact on earnings should be minimal.
In a note to clients, MIDF Research said it was “neutral” on the REIT’s proposed acquisition of an industrial asset at Bukit Raja as the acquisition was in line with Axis REIT’s strategy of expanding its industrial assets portfolio.
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