PETALING JAYA: With 57 assets under its belt, Axis REIT Bhd’s acquisition spree is expected to pick up again with the gradual re-opening of the economy in the second half of the year.
The search to add more properties such as in the warehousing sector, where there is steady demand increase continues.
Axis REIT also has ample debt headroom before breaching the 60% gearing limit, with gearing as at first quarter 2021 standing at 36% to allow for future acquisitions, said RHB Research.
Maybank Investment Bank (Maybank IB) Research added that based on its estimates, this would provide a maximum debt headroom of about RM986mil (up to 0.5 times) for asset purchases.