Axis REIT Managers CEO Leong Kit May.
KUALA LUMPUR: Axis Real Estate Investment Trust
's (Axis-REIT) net income in the third quarter ended Sept 30, 2025, rose to RM52.12mil from RM37.77mil in the year-ago quarter, supported by new tenancies and positive rental reversion across its existing portfolio.
On the back of this performance, it declared a third interim income distribution per unit (DPU) of 2.65 sen, comprising a non-taxable portion of 0.17 sen from tax-exempt profit income and the partial distribution of net gain from disposal of The Annex.
Total trust income during the quarter rose to RM92.77mil from RM80.27mil in the same quarter in the previous year.
Over three cumulative quarters, Axis-REIT reported net income of RM148.2mil as compared to RM118.99mil in the same period in 2024 while total trust income increased to RM272.89mil from RM232.34mil in the year-ago period.
Axis REIT Managers Bhd CEO and executive director Leong Kit May said the REIT's recently announced proposed acquisitions in Telok Gong and Port Klang further strengthened its footprint in prime logistics and industrial corridors, adding quality assets that will support long-term income growth and portfolio diversification.
"These properties fit well with our focus on locations that continue to see strong demand from logistics, manufacturing and e-commerce tenants.
"With a strong balance sheet and prudent investment strategy, we believe we are well-positioned to capture growth in the industrial sector," she said in a statement.
