Axis-REIT Q4 net profit more than doubles

PETALING JAYA: The net profit of Axis Real Estate Investment Trust (REIT) more than doubled in the fourth quarter ended Dec 31, 2021, mainly due to contributions from newly acquired properties and positive rental reversion.

In a filing with the stock exchange yesterday, Axis-REIT said its net profit increased to RM99.98mil from RM49.27mil in the previous corresponding quarter.

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