KLSE:AXREIT

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Axis Real Estate Investment Trust

Market Cap

RM2.8b

Last Updated

2021/06/12 13:39 UTC

Data Sources

Company Financials +

Executive Summary

Axis Real Estate Investment Trust (“Axis-REIT”), Malaysia’s first real estate investment trust, was listed on Bursa Securities on 3 August 2005. More Details


Snowflake Analysis

6 star dividend payer and slightly overvalued.

Share Price & News

How has Axis Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AXREIT is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: AXREIT's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0%

AXREIT

0.4%

MY REITs

-0.08%

MY Market


1 Year Return

-2.0%

AXREIT

-12.8%

MY REITs

7.6%

MY Market

Return vs Industry: AXREIT exceeded the MY REITs industry which returned -12.8% over the past year.

Return vs Market: AXREIT underperformed the MY Market which returned 7.6% over the past year.


Shareholder returns

AXREITIndustryMarket
7 Day0%0.4%-0.08%
30 Day0.5%0.3%-0.4%
90 Day2.1%-2.3%-2.9%
1 Year2.4%-2.0%-9.3%-12.8%11.2%7.6%
3 Year48.1%27.5%2.1%-11.6%1.9%-7.6%
5 Year46.8%14.0%10.9%-13.8%16.1%-3.4%

Long-Term Price Volatility Vs. Market

How volatile is Axis Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Axis Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

19.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AXREIT (MYR1.95) is trading below our estimate of fair value (MYR2.42)

Significantly Below Fair Value: AXREIT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AXREIT is good value based on its PE Ratio (19.4x) compared to the MY REITs industry average (27.8x).

PE vs Market: AXREIT is poor value based on its PE Ratio (19.4x) compared to the MY market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: AXREIT is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: AXREIT is overvalued based on its PB Ratio (1.3x) compared to the MY REITs industry average (0.8x).


Future Growth

How is Axis Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

5.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXREIT's forecast earnings growth (5.7% per year) is above the savings rate (3.6%).

Earnings vs Market: AXREIT's earnings (5.7% per year) are forecast to grow slower than the MY market (10.1% per year).

High Growth Earnings: AXREIT's earnings are forecast to grow, but not significantly.

Revenue vs Market: AXREIT's revenue (6.6% per year) is forecast to grow faster than the MY market (5.9% per year).

High Growth Revenue: AXREIT's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AXREIT's Return on Equity is forecast to be low in 3 years time (7.1%).


Past Performance

How has Axis Real Estate Investment Trust performed over the past 5 years?

13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AXREIT has high quality earnings.

Growing Profit Margin: AXREIT's current net profit margins (61%) are lower than last year (95.1%).


Past Earnings Growth Analysis

Earnings Trend: AXREIT's earnings have grown by 13.3% per year over the past 5 years.

Accelerating Growth: AXREIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AXREIT had negative earnings growth (-31.7%) over the past year, making it difficult to compare to the REITs industry average (-40.2%).


Return on Equity

High ROE: AXREIT's Return on Equity (6.8%) is considered low.


Financial Health

How is Axis Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: AXREIT's short term assets (MYR80.8M) do not cover its short term liabilities (MYR774.0M).

Long Term Liabilities: AXREIT's short term assets (MYR80.8M) do not cover its long term liabilities (MYR620.4M).


Debt to Equity History and Analysis

Debt Level: AXREIT's debt to equity ratio (59.6%) is considered high.

Reducing Debt: AXREIT's debt to equity ratio has increased from 54.8% to 59.6% over the past 5 years.

Debt Coverage: AXREIT's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: AXREIT's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Dividend

What is Axis Real Estate Investment Trust current dividend yield, its reliability and sustainability?

4.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AXREIT's dividend (4.49%) is higher than the bottom 25% of dividend payers in the MY market (1.43%).

High Dividend: AXREIT's dividend (4.49%) is in the top 25% of dividend payers in the MY market (3.96%)


Stability and Growth of Payments

Stable Dividend: AXREIT's dividends per share have been stable in the past 10 years.

Growing Dividend: AXREIT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.9%), AXREIT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AXREIT's dividends in 3 years are forecast to be covered by earnings (98.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Kit May Leong (43 yo)

5.42yrs

Tenure

Ms. Kit May Leong has been the Chief Executive Officer of Axis Real Estate Investment Trust at Axis REIT Managers Berhad since January 1, 2016 and its Executive Director since November 15, 2011. Ms. Leong...


Leadership Team

Experienced Management: AXREIT's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: AXREIT's board of directors are seasoned and experienced ( 11.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Axis Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Axis Real Estate Investment Trust
  • Ticker: AXREIT
  • Exchange: KLSE
  • Founded: 2005
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: RM2.821b
  • Shares outstanding: 1.45b
  • Website: https://www.axis-reit.com.my

Location

  • Axis Real Estate Investment Trust
  • Penthouse Menara Axis
  • No. 2, Jalan 51A/223
  • Petaling Jaya
  • Selangor
  • 46100
  • Malaysia

Listings


Biography

Axis Real Estate Investment Trust (“Axis-REIT”), Malaysia’s first real estate investment trust, was listed on Bursa Securities on 3 August 2005. Having been reclassified as an Islamic REIT on 11 December 2...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/12 13:39
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.