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Stocks With Momentum: Axis Reit
by Cals Sat 04 Apr 2015, 01:41
Stocks With Momentum: Axis Reit
By theedgemarkets.com / theedgemarkets.com | April 3, 2015 : 10:43 AM MYT
[size=14]Axis Reit ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
AXIS REIT (Fundamental: 0.9/3, Valuation: 0/3) is one of the most active listed real estate investment trusts in terms of expanding its portfolio, focusing on industrial-logistic properties.
It completed a placement exercise in 4Q2014, to partially fund the acquisition of 4 assets worth RM434 million, which will underpin earnings growth this year. More potential acquisitions are in the pipeline, which will be funded, in part, by another round of placement units. Gearing stood at 32.8%.
Additionally, the trust has proposed a one-to-two unit split to improve liquidity. Revenue fell by 2.46% to RM140.05 million in 2014, attributed to loss of earnings following the disposal of Axis Plaza and ongoing refurbishment of two other properties. The latter are expected to be completed by 2Q2015. Nevertheless, income available for distribution increased 9.2% to RM92.72 million, boosted by RM10.95 million gain from the sale of Axis Plaza. Notably though, Axis is trading at nearly 1.5 times book value while yield is 4.7%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on April 3, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | April 3, 2015 : 10:43 AM MYT
[size=14]Axis Reit ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
AXIS REIT (Fundamental: 0.9/3, Valuation: 0/3) is one of the most active listed real estate investment trusts in terms of expanding its portfolio, focusing on industrial-logistic properties.
It completed a placement exercise in 4Q2014, to partially fund the acquisition of 4 assets worth RM434 million, which will underpin earnings growth this year. More potential acquisitions are in the pipeline, which will be funded, in part, by another round of placement units. Gearing stood at 32.8%.
Additionally, the trust has proposed a one-to-two unit split to improve liquidity. Revenue fell by 2.46% to RM140.05 million in 2014, attributed to loss of earnings following the disposal of Axis Plaza and ongoing refurbishment of two other properties. The latter are expected to be completed by 2Q2015. Nevertheless, income available for distribution increased 9.2% to RM92.72 million, boosted by RM10.95 million gain from the sale of Axis Plaza. Notably though, Axis is trading at nearly 1.5 times book value while yield is 4.7%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on April 3, 2015.
[/size]
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» Axis REIT to dispose of Axis Plaza for RM34 million
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» Oct 8th - Stocks To Watch Borneo Oil, Tambun Indah, Censof, Axis-REIT, O&G-related counters
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» Axis REIT to dispose of Axis Plaza for RM34 million
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