Axis Real Estate Investment Trust (Axis REIT) is looking to ramp up asset acquisitions in 2026, with a continued focus on industrial properties.
Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May said the approach follows the trust’s 2025 strategy, which targeted up to four industrial assets, mainly in Penang, Johor and the Klang Valley.
Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May (right).
She said the trust believes up to four industrial acquisitions could potentially be completed in 2026, adding that Axis REIT remains open to further opportunities as the year progresses, with more guidance to be provided when plans are more certain.
According to its presentation, Axis REIT completed the acquisition of an industrial facility in Northport, Port Klang, on Jan 27 for RM50 million. The trust is also planning to acquire an RM80 million warehouse in Telok Gong, Port Klang, which is expected to be completed in the fourth quarter of 2026.
Further acquisitions are lined up, including industrial buildings in Seberang Perai, Penang, and an industrial facility in Senai, Johor. These are expected to be completed in the second quarter of 2027 and the fourth quarter of 2027, respectively.
Leong said both the broader REIT market and Axis REIT are expected to maintain a positive outlook heading into 2026.
Meanwhile, Axis REIT reported a strong financial performance for the fourth quarter ended Dec 31, 2025, with net profit rising to RM133.87 million from RM91.01 million a year earlier, supported by resilient net property income. Quarterly revenue increased four per cent to RM91.31 million from RM87.76 million previously.
For the full year, net profit climbed to RM282.08 million from RM210.01 million, while revenue grew to RM364.2 million from RM320.1 million. The trust also declared a distribution of 2.75 sen per unit for the quarter, bringing total distributions for the financial year to 10.55 sen, up from 9.27 sen a year earlier.
