PETALING JAYA: Axis Real Estate Investment Trust
(Axis-REIT) plans to step up acquisitions in 2026, focusing mainly on industrial assets.
Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May said the strategy mirrors the trust’s 2025 plan, which targeted up to four industrial facilities, primarily in Penang, Johor and the Klang Valley.
"We believe the acquisition of four industrial assets could potentially be completed in 2026,” she said at an analysts’ and fund managers’ briefing here today.
Leong said the trust was still at an early stage of the year and remained open to further acquisitions, adding that more guidance would be provided as plans progressed.
According to a presentation, Axis REIT completed the acquisition of an industrial facility in Northport, Port Klang, on Jan 27 for RM50 million.
The trust also plans to complete the acquisition of an RM80 million warehouse facility in Telok Gong, Port Klang, in the fourth quarter of 2026.
This will be followed by the acquisition of industrial buildings in Seberang Perai, Penang, and an industrial facility in Senai, Johor, expected to be completed in the second quarter of 2027 and fourth quarter of 2027, respectively.
"I believe both the overall REIT market and Axis REIT will maintain a positive outlook going into 2026,” Leong said.
Yesterday, Axis REIT reported a rise in net profit to RM133.87 million for the fourth quarter ended Dec 31, 2025, from RM91.01 million a year earlier, supported by resilient net property income.
Revenue for the quarter rose four per cent to RM91.31 million from RM87.76 million previously, it said in a filing with Bursa Malaysia.
For the full year, net profit increased to RM282.08 million from RM210.01 million a year earlier, while revenue grew to RM364.2 million from RM320.1 million.
The trust also declared a distribution of 2.75 sen per unit for the quarter, bringing total distribution for the financial year to 10.55 sen, up from 9.27 sen a year earlier. - Bernama
