Axis-REIT to sustain earnings

HLIB Research has raised its earnings forecasts by 3.7% and 1.9% for the financial years of 2024 and 2025, respectively.

PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is expected to sustain its earnings in subsequent quarters, driven by the demand for industrial assets in Malaysia.

Its acquisitions, all completed this month, are seen to provide further boost, leading Hong Leong Investment Bank (HLIB) Research to raise its earnings forecasts by 3.7% and 1.9% for the financial years of 2024 and 2025 (FY24 and FY25), respectively.