Axis Real Estate Investment Trust Third Quarter 2024 Earnings: EPS: RM0.022 (vs RM0.024 in 3Q 2023)

Simply Wall St

October 29, 2024

Axis Real Estate Investment Trust (KLSE:AXREIT) Third Quarter 2024 Results

Key Financial Results

Revenue: RM77.2m (flat on 3Q 2023).
Net income: RM37.8m (down 11% from 3Q 2023).
Profit margin: 49% (down from 55% in 3Q 2023).
EPS: RM0.022 (down from RM0.024 in 3Q 2023).

earnings-and-revenue-growth — KLSE:AXREIT Earnings and Revenue Growth October 29th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Axis Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the REITs industry in Asia.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Axis Real Estate Investment Trust (of which 2 are a bit unpleasant!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.