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AXIS Real Estate Investment Trust (Axis-REIT) reported a 20.5% year-on-year rise in net income to RM46.95 million for the second quarter ended June 30, 2025 (2Q25), driven by higher property income.
Total trust income rose 18% to RM90.3 million.
For the first half of 2025, net income climbed 18.3% to RM96.1 million on the back of RM180.1 million in total trust income, up 18.4% from a year earlier.
Axis-REIT declared a second interim distribution of 2.65 sen per unit, up from 2.3 sen a year ago, including 0.14 sen from the RM8.8 million net gain from the disposal of The Annex, completed on April 30.
This brings year-to-date distribution to 5.15 sen, a 13.2% increase from last year.
Its CEO Leong Kit May said the strong performance reflects the “resilience and quality” of its industrial-focused portfolio, adding that Axis-REIT remains cautiously optimistic about the sector’s outlook amid sustained foreign investment. — TMR
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The post Axis-REIT 2Q net income jumps 20.5%, declares 2.65 sen distribution appeared first on The Malaysian Reserve.