Axis-REIT’s largest acquisition a boon to earnings

PETALING JAYA: Analysts are optimistic about Axis Real Estate Investment Trust’s (Axis-REIT) portfolio following the acquisition deal of a logistics warehouse under a 10-year sublease agreement for RM390mil, its largest acquisition to date.

The research houses said the latest green building acquisition would contribute actively to the company’s property income and financial year earnings while enlarging its asset portfolio.