Axis REIT shares up in line with Q2 profit

MIDF Research said Axis REIT’s H1’FY21 core net income of RM63.3mil came in within our and consensus expectations, making up 48% and 45% of the house and consensus full year estimates respectively. “We make no changes to our earnings forecast for FY21/22F."

KUALA LUMPUR: Shares in Axis Real Estate Investment Trust (Axis REIT) responded positively after its latest earnings came in within expectations.

The counter added 1.04%, or two sen, to RM1.95. Axis REIT’s net property income rose 6.3% to RM103.3mil in the first six months to June 30 (H1’FY21) from RM97.2mil in the corresponding period a year ago.