Axis Real Estate Investment Trust Managers (Axis REIT), which has 30
properties in its trust worth about RM1.5bn, expects to surpass the
RM2bn mark with the acquisition of five new properties for RM472m this
year. Axis REIT Managers Bhd (ARMB) CEO Datuk Stewart LaBrooy said based
on the projected unit holdings, it expects the five properties to yield
an additional 2.1 sen per annum to its income distribution per unit
(DPU) for 2015.
"Portfolio growth has always been a core strategy
of Axis REIT. We have demonstrated this by increasing our portfolio
size from five to 30 assets over the past nine years and this is
expected to expand to 35 assets by the end of 2014. However, we do not
buy real estate for the sake of growing," he said. (BT)
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