Axis REIT to continue portfolio expansion

PETALING JAYA: Axis Real Estate Investment Trust (Axis REIT) will leverage on its gearing ratio of 36% to continue acquiring high quality industrial properties that are earnings accretive and have strong value propositions.

In a statement yesterday, Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May said the acquisition of new properties will allow the company to deliver sustainable earnings per unit and distribution per unit.