Malaysia
· Delayed Price · Currency is MYR KLSE: 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 |