KUALA LUMPUR: Shares in Axis Real Estate Investment Trust (Axis REIT) climbed in early trade after its latest earnings came in within expectations.
The counter added 1.55%, or three sen to RM1.96. It is currently trading at a PE ratio of 19.77 times.
Axis-REIT net property income rose 9.3% to 53.43mil in the second quarter ended June 30, 2021 from RM48.90mil a year ago.
Its revenue also increased 8.8% to RM60.37mil in the quarter compared to RM55.48mil in the corresponding period a year ago.
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