Axis-REIT private placement seen timely

MIDF Research says it is “neutral” on the private placement as it is part of the capital management of Axis-REIT.

PETALING JAYA: The move by Axis Real Estate Investment Trust (Axis-REIT) to undertake the private placement of its shares is a timely one amid the current rising interest rate environment.

This, at the same time, would also help Axis-REIT make future asset acquisitions to boost its earnings going forward in the wake of the challenging business times.