|
| |
| KLSE: AXREIT (5106) | AXIS REITS | MAIN : REITS |
| Last Price | Today's Change | Day's Range | Trading Volume |
| 1.84 |  -0.01 (0.54%) | 1.82 - 1.85 | 1,445,500 |
| Trade this stock with up to 3 x trading limit. Find out more. |
Financials
Market Cap: 3,215 Million
| Latest Audited Result: 31-Dec-2023
| Latest Quarter: 31-Dec-2023 [#4]
| ||||||||||||||||||||||||||||||||||||||||||||||||||
Annual (Unaudited) ( EPS: 12.50, P/E: 14.76 )
| T4Q Result ( EPS: 12.46, P/E: 14.76 )
| Annualized Result ( EPS: 12.50, P/E: 14.76 )
|
Business Performance
Business Performance (By Quarter)
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 2 / 4 | 50.00% | 2 / 8 | 25.00% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 3 / 4 | 75.00% | 3 / 8 | 37.50% |
| Continuous Quarters Of Adjusted EPS Growth | 3 / 4 | 75.00% | 3 / 8 | 37.50% |
| Total Dividend Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Dividend | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Dividend Growth | 2 / 4 | 50.00% | 2 / 8 | 25.00% |
| Continuous Quarters Of Adjusted Dps Growth | 2 / 4 | 50.00% | 2 / 8 | 25.00% |
| Average ROE | 1.96% | 1.91% | ||
| Average Net Profit Margin | 74.75% | 71.09% | ||
Business Performance (By Year)
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Years Of Revenue Growth | 5 / 5 | 100.00% | 9 / 10 | 90.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Profit Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Continuous Years Of Adjusted EPS Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Dividend | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Years Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Average ROE | 7.96% | 8.25% | ||
| Average Net Profit Margin | 77.23% | 74.62% | ||
Key Result
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 285,992 | 285,992 | 285,992 | 209,450 | 250,275 |
| NP to SH | 217,772 | 217,772 | 217,772 | 156,639 | 191,909 |
| Dividend | 150,755 | 151,158 | 151,158 | 121,055 | 145,077 |
| Adjusted EPS | 12.46 | 12.50 | 12.50 | 8.97 | 10.99 |
| Adjusted DPS | 8.65 | 8.65 | 8.65 | 6.93 | 8.30 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
Growth (By Quarter)
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 5.22% | 6.84% | 1.55% | 5.67% | 6.49% |
| NP to Owner | 159.41% | 84.76% | 14.55% | 102.50% | 116.23% |
| Dividend | 12.04% | 9.69% | -5.53% | 11.28% | 8.02% |
| Adj. EPS | 160.28% | 85.38% | 14.90% | 102.83% | 116.76% |
| Adj. DPS | 12.04% | 9.69% | -5.53% | 11.28% | 8.02% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
Growth (By Year)
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00% | 14.27% | 36.54% | 0.00% | 14.27% | 36.54% | 1.55% | 14.27% | 36.54% |
| NP to Owner | 0.00% | 13.48% | 39.03% | 0.00% | 13.48% | 39.03% | 14.55% | 13.48% | 39.03% |
| Dividend | -0.27% | 3.91% | 24.53% | - % | - % | - % | -5.53% | 4.19% | 24.87% |
| Adj. EPS | -0.32% | 13.38% | 38.95% | 0.00% | 13.74% | 39.39% | 14.90% | 13.74% | 39.39% |
| Adj. DPS | 0.00% | 4.19% | 24.87% | - % | - % | - % | -5.53% | 4.19% | 24.87% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Be the first to like this.   speakup Axis REIT is good. it was the 1st REIT speakup invested in, but sold already long time ago Now speakup prefer Alaqar & Sunreit 28/12/2022 10:11 AM  trade74 https://www.freemalaysiatoday.com/category/nation/2023/01/13/epf-in-rm500-million-sale-of-international-schools-says-report/ 16/01/2023 8:46 PM trade74 Potential assets acquisition by axreit... PP... epf liquidating the education riet.... any thoughts? 16/01/2023 8:48 PM pang72 No idrp but dividend 0.24c, ada salah kah? Final Income Distribution of 0.24 sen per unit which is wholly subject to tax in respect of the period from 23 December 2022 to 31 December 2022 ("2022 Final Income Distribution"). 19/01/2023 9:10 PM pang72 Pinky, Dec dividend is OK. How about the recent announce dividend 0.24c, anything wrong? I thought is 2.4c? Final Income Distribution of 0.24 sen per unit which is wholly subject to tax in respect of the period from 23 December 2022 to 31 December 2022 ("2022 Final Income Distribution"). Kindly be advised of the following : 1) The above Company's securities will be traded and quoted "Ex - Income” as from: 08 Feb 2023 2) The last date of lodgment : 09 Feb 2023 3) Date Payable : 28 Feb 2023 20/01/2023 5:10 PM speakup best mall reit: igbreit best office reit: ouareit best industrial reit: axreit best hospital reit: alaqar best diversified reit: sunreit buy only the best, forget the rest! 21/01/2023 2:18 PM  paperplane best hospital reit=sunreit with sunway medical, 1 enough beat all, hehe 31/01/2023 12:46 AM Brutus Just noticed the below: EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 706,500 shares on 26-Jan-2023. On 26-Jan-2023, the total day's volume for AXREIT was only 897,300. Meaning non EPF account, the free market volume was only 190,800 shares. 01/02/2023 8:41 AM PassionateInvestor Hmm..not great results from Axis this time. Suppose the private placement has impacted it. 18/04/2023 7:36 PM zen_2k non-stop PP, but PP proceeds utilised to grow company doesnt seem to prove that earnings can go higher, although there is said to be impacted by 3 properties - 2 undergoing upgrade, 1 lease contract looking for new lessee - and some provision for bad debt... regardless, I grow sceptical... anyone can bounce off ideas? 25/04/2023 3:41 AM Brutus @speakup, as unitholders of course I prefer Rights Issue. However from AXREIT view point, PP is easier to execute and in my opinion much faster. 25/04/2023 10:34 AM GS provision of RM7.31 million in impairment !! Axis REIT provides RM7m impairment as tenant Yongnam defaults on rental https://www.theedgemarkets.com/node/666028 08/05/2023 8:46 PM speakup 7m impairment out of avg 35mil profit per Q. That's 20% impairment and yet no limit down????? So bad news leh 09/05/2023 1:00 PM moven00 Market is slowly and finally getting to it sense. More down down down for Axreit. Their super exposure on single customer exposure is finally hitting them very hard. If you like Logistics REIT I think Mapletree is a much better ones as it doesn’t have high single customer exposure. 10/05/2023 5:43 PM speakup That's why I prefer Sunreit, which has 20+ properties over a diverse spectrum of industries. 10/05/2023 6:36 PM moven00 Mr Market very kind to let retailers sell and now finally the reality. Drop kaw2 first before we can collect back. 17/05/2023 9:19 AM Stanley7959 Just some random thoughts after reading about National Energy Transition Roadmap (NETR) Idea: Axis renting out rooftop / installing solar panel to sell green energy For instance: Axis Shah Alam Distribution Centre 2 (SADC2) “145,314 square feet of rooftop area from Axis Shah Alam DC2 is tenanted by two tenants that have mounted solar electric generating systems.” Based on some rough calculation from ChatGPT with data from year 2021 Assuming 140,000 square feet of solar panel installed (we assume not the entire 145,314 square feet are being installed with Solar Panel) Energy Production per year: 4,139,100 kWh/year Energy Price Worth in MYR: MYR 902,121.8/year Since Axis total lettable area is 12,726,260 square feet Assuming 10% of lettable area can be installed with Solar Panel Energy Production per year: 35,478,000 kWh/year Energy Price Worth in MYR: MYR 7,734,204/year. Reference: https://chat.openai.com/share/3037df72-c1bd-4442-b50a-315b86abddc6 Challenges: 1. Existing tenants have the rights of the rooftop they are renting ? 2. Large scale CAPEX required for installation of Solar Panel ? 3. NETR does not go as planned ? I don’t really have any solid data to support this idea, but it is on my mind for quite some time and personally I think it is a good opportunity for Axis. 30/08/2023 2:41 PM Nepo Axis Real Estate Investment Trust (Axis REIT) has obtained a judgement in default against its former tenant at Axis Steel Centre @ SiLC in Nusajaya, Johor, over a default on rental payments and unexpired future rental payments amounting to RM110 million. Axis REIT said the judgement was served to Yongnam Engineering Sdn Bhd (YESB) and its corporate guarantor which is listed on the Singapore Exchange, Yongnam Holdings Ltd, as both parties did not enter their appearance in the lawsuit 21/10/2023 6:43 PM Nepo It added that the current rental is RM250,000 per month where the rental rate shall increase by 8% for the period between March 1, 2026 to Feb 28, 2029. The purchase price was based on the market value of RM48mil, as appraised by independent registered valuer, First Pacific Valuers Property Consultants Sdn Bhd, in its valuation report dated Aug 23, 20230. Axis-REIT said the acquisition will be funded by existing bank financing, which will increase Axis-REIT’s financing ratio to 37.04% of the audited total assets as at Dec 31, 2022, which is still below the gearing limit of 50%, as prescribed by the guidelines on Listed Real Estate Investment Trusts issued by the Securities Commission 26/10/2023 5:20 AM Brutus Solid good QR despite Yongnam and Bukit Kemuning properties being vacant. Recently completed/acquired properties almost made up the difference. When these 2 are tenanted, the distribution income will be way higher! IDIP is most welcome, just wished that the electable portion can be higher. 28/10/2023 9:36 AM Nepo https://property.enanyang.my/%e8%b6%8b%e5%8a%bf/%e5%bb%ba%e5%a4%9a%e5%b1%82%e4%bb%93%e5%ba%93%e5%ba%94%e5%af%b9%e5%9c%b0%e5%b0%91%e5%9c%b0%e8%b4%b5/ 29/10/2023 12:47 PM i3kyan i3 changed the format of showing dividend? previously I can see the tax percentage of dividend, now I cant find where is it..? 06/11/2023 5:15 PM newbie2y @i3kyan, yep, cannot find in i3...can found in bursa announcement though- https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3396007 06/11/2023 8:00 PM i3kyan may i know where can i check the details of IDRP? i cant find anywhere google.. :( 21/12/2023 12:12 PM Brutus i3kyan, why check google? Check on official BURSA announcement. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3395859&corporate_action=1 21/12/2023 12:29 PM GreatDreamer 4q23 result better than expected. Div 2.4sen. 2023 rent reversion 5.9%. Trouble Axis Steel Centre@ SiLC found tenant. Likely qtr div 2.4sen is sustainable in 2024. Strong emphasis on Green factory make Axis stand out n continue attract tenant. 24/01/2024 1:53 PM |
|
