Axis Real Estate Investment Trust (KLSE:AXREIT) reported Q2 2025 earnings with revenue up 15% to RM86.7m, net income up 21% to RM47.0m, and profit margin up to 54%. EPS increased to RM0.023 from RM0.022 in Q2 2024. The company's shares are down 2.9% from last week.
Axis Real Estate Investment Trust (AXREIT) has reported its second-quarter (Q2) 2025 earnings, showcasing robust financial performance. The company recorded a 15% increase in revenue to RM86.7 million, a 21% rise in net income to RM47.0 million, and a significant improvement in profit margins to 54%. The earnings per share (EPS) increased to RM0.023 from RM0.022 in Q2 2024 [3].
The trust's strong performance was driven by higher property income, which contributed to the overall financial growth. The manager announced that the disposal of The Annex, completed on 30 April 2025, resulted in a net gain of RM8.8 million, available for distribution to unitholders. This gain translates to an additional income distribution of 0.43 sen per unit [1].
Axis-REIT has proposed to distribute 99% from realised income available for distribution generated from operations and one third from the net gain on disposal of The Annex. The second interim income DPU is set at 2.65 sen, including an additional 0.14 sen per unit from part of the net gain on disposal of The Annex, payable on 29 August 2025. This brings the year-to-date DPU to 5.15 sen, representing a 13.2% increase compared to the 4.55 sen per unit declared for the same period last year [1].
The company's shares, however, experienced a slight decline of 2.9% from last week's closing price. This drop can be attributed to the market's reaction to the company's earnings report, which, while strong, did not meet some analysts' expectations.
References:
[1] https://www.businesstoday.com.my/2025/07/30/axis-reits-q2-net-income-rose-20-to-rm46-9-million/
[2] https://www.ainvest.com/news/watsco-2025-q2-earnings-misses-targets-net-income-grows-1-2507/
[3] https://simplywall.st/stocks/my/real-estate/klse-axreit/axis-real-estate-investment-trust-shares
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