Axis-REIT purchase of industrial facility a good move


Axis Reit HQ PJ

PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) recent proposal to buy an industrial facility is yield accretive at 6.6% net property income (NPI).

This is at par with its current NPI yields of 6.7% and that is a positive development, as it continues to look into expanding its asset portfolio.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Axis-Reit , purchase , industrial facility , good news , HLIB ,

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read