PETALING JAYA: Despite the Covid-19 pandemic, Axis Real Estate Investment Trust (REIT) has a high tenant retention rate and this poses lower risk of non-renewals.
Currently, there are five ongoing acquisitions which are expected to be completed in the first half of this year at a total purchase price of RM235mil.
Most research houses have retained their earnings forecast for the stock, although some had adjusted them after Axis turned in a positive set of financial results for the financial year (FY) ended Dec 31,2020.
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