Tuesday, July 20, 2010

Axis REIT - 1HFY12/10 Net Property Income Grows 18% YoY - 20/07/2010

4sen distribution for 2QFY12/10. Excluding RM12.3m property fair value and derivative gains, normalised 1HFY12/10 net profit of RM23.8m came in within expectations at 47-48 of our full-year forecast and the full-year market consensus. Axis REIT declared income distribution of 4sen for 2QFY12/10. Cumulatively, for 1HFY12/10, Axis REIT has declared income distribution of 7.7sen that makes up 47% of our full-year forecast of 16.4sen.

Axis REIT - 1HFY12/10 Net Property Income Grows 18% YoY - 20/07/2010

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