Positive earnings outlook for Axis REIT

KUALA LUMPUR: Analysts are recommending "buy" on Axis Real Estate Investment Trust (REIT) in anticipation of improved occupancy rates and contribution from new acquisitions to bolster earnings.

The REIT recently announced its 1Q24 results, which came within expectations, according to the research units of Hong Leong Investment Bank (HLIB), RHB Investment Bank and Kenanga Investment Bank.