AXREIT Company Description
Axis Real Estate Investment Trust (“Axis-REIT”), Malaysia’s first real estate investment trust, was listed on Bursa Securities on 3 August 2005.
Having been reclassified as an Islamic REIT on 11 December 2008, all acquisitions by Axis-REIT are Shariah compliant.
It currently has a diverse portfolio of 62 properties strategically located in the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan and Kedah.
Axis REIT Managers Berhad is the Manager of Axis-REIT while RHB Trustees Berhad is the latter’s trustee.
Axis-REIT has a solid industrial space portfolio where 93% of the properties are on industrial titles.
As at 30 June 2023, the occupancy rate of Axis-REIT’s portfolio stood at 89% with a weighted average lease expiry period of 5 years, based on rental.
As at 30 June 2023, the space under management is 12.7 million square feet and total asset value of RM4.4 billion.
Country | Malaysia |
Founded | 2005 |
Industry | Real Estate Investment Trusts |
Employees | 80 |
CEO | Kit May Leong |
Contact Details
Address: Penthouse Menara Axis Petaling Jaya, 46100 Malaysia | |
Phone | 603 7958 4882 |
Website | axis-reit.com.my |
Stock Details
Ticker Symbol | AXREIT |
Exchange | Bursa Malaysia |
Fiscal Year | January - December |
Reporting Currency | MYR |
SIC Code | 6798 |
Key Executives
Name | Position |
---|---|
Kit May Leong | Chief Executive Officer |
Choy Ng | Chief Financial Officer |
Tze Chan | Head of Investor Relations |