Axis Real Estate Investment Trust (KLSE:AXREIT)

KLSE:AXREIT Income Statement

Financials in millions MYR. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	322.15	288.41	284.47	246.2	232.23
Gain (Loss) on Sale of Assets (Rev)	-2.43	-	-	-	-
Other Revenue	-1.05	-0.97	2.82	2.55	-0.03
Total Revenue	318.68	287.44	287.3	248.75	232.2
Revenue Growth (YoY	10.87%	0.05%	15.50%	7.12%	4.14%
Property Expenses	74.54	70.44	64.57	54.96	54.86
Selling, General & Administrative	5.59	4.94	4.98	4.85	4.94
Depreciation & Amortization	0.36	0.5	0.59	0.64	0.61
Other Operating Expenses	3.67	3.91	3.38	4.59	8.17
Total Operating Expenses	84.69	83.99	74.75	65.09	68.66
Operating Income	233.99	203.45	212.55	183.66	163.55
Interest Expense	-74.43	-60.54	-52.97	-45.7	-39.51
Other Non-Operating Income	3.58	-2.63	4.65	-1.71	-0.43
EBT Excluding Unusual Items	163.13	140.29	164.23	136.25	123.61
Asset Writedown	49.41	81.31	27.82	67.79	18.97
Pretax Income	212.54	221.6	192.05	204.04	142.57
Income Tax Expense	2.54	3.82	1.68	3.68	0.51
Net Income	210.01	217.77	190.37	200.36	142.06
Net Income to Common	210.01	217.77	190.37	200.36	142.06
Net Income Growth	-3.57%	14.40%	-4.99%	41.04%	-32.10%
Basic Shares Outstanding	1,779	1,740	1,638	1,452	1,441
Diluted Shares Outstanding	1,779	1,740	1,638	1,452	1,441
Shares Change (YoY)	2.22%	6.25%	12.83%	0.75%	14.36%
EPS (Basic)	0.12	0.13	0.12	0.14	0.10
EPS (Diluted)	0.12	0.13	0.12	0.14	0.10
EPS Growth	-5.66%	7.67%	-15.79%	39.98%	-40.63%
Dividend Per Share	0.093	0.086	0.098	0.095	0.087
Dividend Growth	7.17%	-11.28%	2.74%	8.46%	-5.51%
Operating Margin	73.42%	70.78%	73.98%	73.83%	70.43%
Profit Margin	65.90%	75.76%	66.26%	80.55%	61.18%
EBITDA	234.35	203.95	213.14	184.3	164.16
EBITDA Margin	73.54%	70.95%	74.19%	74.09%	70.70%
D&A For Ebitda	0.36	0.5	0.59	0.64	0.61
EBIT	233.99	203.45	212.55	183.66	163.55
EBIT Margin	73.42%	70.78%	73.98%	73.83%	70.43%
Effective Tax Rate	1.19%	1.73%	0.88%	1.80%	0.36%

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.