Axis-REIT Q2 net income up

In a filing to the stock exchange, the group said its revenue also increased 8.8% to RM60.37mil in the quarter compared to RM55.48mil in the corresponding period a year ago

KUALA LUMPUR: Axis Real Estate Investment Trust’s (Axis-REIT) net property income rose 9.3% to 53.43mil in the second quarter ended June 30, 2021 from RM48.90mil a year ago.

This is due to contributions from newly acquired properties and commencement of new tenancies at Axis industrial facility in Rawang and the D8 logistics warehouse, it said in a filing with Bursa Malaysia.