Axis Real Estate Investment Trust · MYX:AXREIT
Axis Real Estate Investment Trust — Q4 2025 Earnings Presentation
47 slides from Axis Real Estate Investment Trust's earnings presentation, Jan 29, 2026
Slide 1: Axis Real Estate Investment Trust Results Presentation 4Q2025
AXIS REAL ESTATE INVESTMENT TRUST Results Presentation 4Q2025 29 JANUARY 2026
Slide 2: Table of Contents
TABLE OF CONTENTS 01 2025 AT A GLANCE 02 2025 HIGHLIGHTS 03 OUR PORTFOLIO 04 INVESTMENT OVERVIEW 05 FINANCIAL OVERVIEW 06 STOCK INFORMATION -REIT | All rights reserved. 2
Slide 3: 2025 at a Glance
2025 AT A GLANCE -REIT | All rights reserved. 3
Slide 4: At a Glance
AT A GLANCE AS AT 31 DECEMBER 2025 55 properties RM5.36 billion 69 properties on portfolio with 100% occupancy Total Assets Under Management 15 million sq. ft. Portfolio Occupancy of 94% RM3.89 billion Space Under Management with a WALE of 4.4 years Market Capitalization 32% 10.55 sen Nationwide pre
Slide 5: 2025 Highlights
2025 HIGHLIGHTS -REIT | All rights reserved. 5
Slide 6: 2025 Financial Highlights
2025 FINANCIAL HIGHIGHTS ➢ Completed the Income Distribution Reinvestment Plans in conjunction with : ▪ the payment of 2024 final income distribution on 26 March 2025; and ▪ the payment of 2025 third interim income distribution on 22 December 2025. ➢ Launched our rated Senior Sukuk (on non structure
Slide 7: 2025 Portfolio Highlights
2025 PORTFOLIO HIGHLIGHTS ➢ Completion of disposal of The Annex on 30 April 2025 for RM24.2 million, resulting in a net gain of RM8.8 million. ➢ Signed the Sale and Purchase Agreement on 1 August 2025 to acquire a warehouse facility located in Telok Gong, Port Klang for RM80.0 million. ➢ A condition
Slide 8: 2025 Portfolio Highlights
2025 PORTFOLIO HIGHLIGHTS ➢ Signed the Sale and Purchase Agreement to forward purchase an industrial facility in Senai, Johor for RM34.6 million on 31 December 2025. ➢ Completed the acquisition of Axis Industrial Facility 1 @ Northport, Selangor for RM50.0 million on 27 January 2026. ➢ Portfolio siz
Slide 9: ESG Sustainability Highlights
ESG SUSTAINABILITY HIGHLIGHTS -REIT | All rights reserved. 9
Slide 10: ESG Sustainability Highlights: Environmental
ESG SUSTAINABILITY HIGHLIGHTS ENVIRONMENTAL ✓ Efficient Energy Management o Energy, water and waste management On-going management of energy, water and waste targets o Solar Power Initiative Leasing roof space for solar panel installations o EV Charging Stations Installation at selected properties o
Slide 11: ESG Sustainability Highlights: Social and Governance
ESG SUSTAINABILITY HIGHLIGHTS SOCIAL o Organised blood donation with Pusat Darah Negara o Funding physiotherapy and speech therapy for children with disabilities o Roof replacement of design & technology workshop at SK Convent Sentul o Sponsorship of charity events (Orphan Care & Yayasan WWRC) GOVER
Slide 12: Our Portfolio
OUR PORTFOLIO -REIT | All rights reserved. 12
Slide 13: Our Portfolio
OUR PORTFOLIO AS AT 31 DECEMBER 2025 As at 31 December 2025, the portfolio has 69 assets comprising 15 million sq. ft. and 181 tenants. YTD2025 No. of Properties 69 Realised 000) 361,586 000) 48,775 Realised 000) 312,811 Occupancy 94% PORTFOLIO EFFICIENCY RATIO = YTD PROPERTY EXPENSES / YTD PROPERTY
Slide 14: Our Portfolio: Space Under Management
OUR PORTFOLIO AS AT 31 DECEMBER 2025 Space Under Management ( sq ft) 16,000 15,093 15,155 15,093 14,000 13,351 12,726 12,000 11,375 10,479 10,000 9,349 9,538 sq ft) 8,088 8,000 7,607 6,859 7,015 ( 6,000 5,464 5,464 4,288 4,450 4,000 3,680 2,858 2,176 2,000 1,657 1,187 - 2005 2006 2007 2008 2009 2010
Slide 15: Established Nationwide Footprint
OUR PORTFOLIO ESTABLISHED NATIONWIDE FOOTPRINT properties in prime industrial areas 69 Future growth focus expansion in key Strategic diversification is aimed at across Klang Valley, Johor, Penang, industrial hubs located in Selangor, capturing the rapid growth of current Pahang, Negeri Sembilan and
Slide 16: Portfolio Diversification (on NLA)
OUR PORTFOLIO PORTFOLIO DIVERSIFICATION (ON NLA) 12% 13% Office / 27% Services 3% Industrial Multi Tenants 17% Office 3% Hypermarket Consumer Products 28% Manufacturing Facilities 40% BY INDUSTRY BY ASSET TYPE BY OCCUPANCY Logistics SECTOR TYPE 30% Manufacturing 54% Logistics Warehouse 73% Single Te
Slide 17: Properties with Occupancy Below 90%
OUR PORTFOLIO PROPERTIES WITH OCCUPANCY BELOW 90% AS AT 31 DECEMBER 2025 Axis Business Park 86% Fonterra HQ 85% Wisma Academy Parcel 82% Axis Industrial Facility 1 @ Shah Alam 71% Wisma Kemajuan 70% Axis Business Campus 69% Menara Axis 60% Seberang Prai Logistics Warehouse 2 0% Bukit Raja Distributi
Slide 18: Lease Expiry by Location and Type
OUR PORTFOLIO LEASE EXPIRY BY LOCATION AND TYPE YEAR 2025 2026 2027 Lease Expiry by Due for 2024 % of % of Rental Due for % of % of Rental Due for % of % of Rental Location Renewal (sq. ft.) Total NLA Income/month Renewal (sq. ft.) Total NLA Income/month Renewal (sq. ft.) Total NLA Income/month Peta
Slide 19: Asset Enhancement Initiatives
OUR PORTFOLIO ASSET ENHANCEMENT INITIATIVES 2024 Upgraded car park system in Menara Axis Upgraded car park system in Crystal Plaza -REIT | All rights reserved. 19
Slide 20: Asset Enhancement Initiatives
OUR PORTFOLIO ASSET ENHANCEMENT INITIATIVES 2024 External building painting at Axis Shah Alam Distribution Centre 2 -REIT | All rights reserved. 20
Slide 21: Asset Enhancement Initiatives
OUR PORTFOLIO ASSET ENHANCEMENT INITIATIVES 2024 Roof upgrading at Axis Industrial Facility @ Rawang -REIT | All rights reserved. 21
Slide 22: Investment Overview
INVESTMENT OVERVIEW -REIT | All rights reserved. 22
Slide 23: Completed Acquisition: Axis Industrial Facility 1 @ Northport
INVESTMENT OVERVIEW COMPLETED ACQUISITION AXIS INDUSTRIAL FACILITY 1 @ NORTHPORT, PORT KLANG Completion Date : 27 January 2026 Gross Floor Area : 240,641 sq. ft Land Area : Approx. 9.0 acres Land Tenure : Leasehold Occupancy : Unoccupied Purchase Price : RM50.0 million -REIT | All rights reserved. 2
Slide 24: Vacant Possession Obtained: Axis Facility 4 @ Bukit Raja
INVESTMENT OVERVIEW VACANT POSSESSION OBTAINED AXIS FACILITY 4 @ BUKIT RAJA, KLANG Vacant Possession Date : 5 December 2025 Target Completion Date : end 2026 Net Lettable Area : Not applicable (property utilized as storage yard) Land Area : Approx. 7.13 acres Land Tenure : Leasehold Occupancy : Unoc
Slide 25: Axis Facility 1, 2 and 4 Aerial View
INVESTMENT OVERVIEW AXIS FACILITY 1, 2, 3 AND Axis Facility 4 @ Bukit Raja Aerial view of Properties and its vicinity, Source: Google Maps) -REIT | All rights reserved. 25
Slide 26: On-going Acquisition: Warehouse Facility in Telok Gong
INVESTMENT OVERVIEW ON-GOING ACQUISITION WAREHOUSE FACILITY IN TELOK GONG, PORT KLANG Target Completion Date : 4Q2026 Net Lettable Area : 259,310 sq. ft. Land Area : Approx. 10.19 acres Land Tenure : Leasehold Occupancy : 100% Purchase Price : RM80.0 million WALE at acquisition : 6 years Tenant : Tu
Slide 27: On-going Acquisition: Industrial Buildings in Seberang Perai Tengah
INVESTMENT OVERVIEW ON-GOING ACQUISITION INDUSTRIAL BUILDINGS IN SEBERANG PERAI TENGAH, PENANG Target Completion Date : 2Q2027 Net Lettable Area : To be determined during due diligence period Land Area : Approx. 135.53 acres Land Tenure : Freehold Occupancy : 100% Lease Tenure : Fixed period of 8 ye
Slide 28: On-going Acquisition: Industrial Facility in Senai, Johor
INVESTMENT OVERVIEW ON-GOING ACQUISITION INDUSTRIAL FACILITY IN SENAI, JOHOR Artist Impression Only Target Completion Date : 4Q2027 Net Lettable Area : Approximately 115,363 sq. ft. Land Area : Approx. 2.00 acres Land Tenure : Leasehold Occupancy : 100% Lease Tenure : Fixed period of 5 years Wale at
Slide 29: Acquisition Targets and Selection Focus
INVESTMENT OVERVIEW The Manager continues to aggressively source and evaluate potential acquisition targets that are deemed investable by Axis- REIT. The selection of properties continue to focus on below: ✓ Grade A logistics facilities and manufacturing facilities with long leases from tenants with
Slide 30: Financial Overview
FINANCIAL OVERVIEW -REIT | All rights reserved. 30
Slide 31: Financial Overview as at December 2025
FINANCIAL OVERVIEW AS AT 31 DECEMBER 2025 Total Assets Under Management Net Asset Value Per Unit RM5.36 billion RM1.69 Total Financing Financing Ratio RM1.73 billion 32% Distribution Per Unit RM3.42 billion FY2025: 10.55 sen -REIT | All rights reserved. 31
Slide 32: 5-Year Results Performance
FINANCIAL OVERVIEW 5-YEAR RESULTS PERFORMANCE R NET PROPERTY INCOME 400,000 362,043 361,586 350,000 313,268 312,811 350,000 319,034 318,480 300,000 273,497 272,943 281,723 281,090 285,401 284,498 242,595 241,962 242,424 241,521 300,000 250,000 242,747 241,605 209,433 208,291 250,000 200,000 200,000
Slide 33: Income Statement 4Q2025 vs 4Q2024
FINANCIAL OVERVIEW INCOME STATEMENT 4Q2025 vs 4Q2024 4Q2025 4Q2024 Changes / Movement No. of Properties 69 69 - Property Income 90,081 86,925 +3.6% Property Income - Property income before lease incentive adjustment 90,503 87,427 +3.5% - Lease incentive adjustment (non-distributable) (422) (502) Pro
Slide 34: Income Statement YTD 2025 vs YTD 2024
FINANCIAL OVERVIEW INCOME STATEMENT YTD 2025 vs YTD 2024 YTD 2025 YTD 2024 Changes / Movement No. of Properties 69 69 - Property Income Note 1 361,586 318,480 +13.5% Property Income - Property income before lease incentive adjustment 362,043 319,034 +13.5% - Lease incentive adjustment (non-distribut
Slide 35: Income Statement Notes
FINANCIAL OVERVIEW INCOME STATEMENT YTD 2025 vs YTD 2024 Note 1 Property Income Property income is higher as compared to preceding year corresponding period mainly due to : ▪ Rental contribution from newly acquired properties; ▪ Achieved 100% occupancy for Axis Mega Distribution Center (Phase 2) in
Slide 36: Net Gain on Disposal of The Annex
FINANCIAL OVERVIEW INCOME STATEMENT YTD 2025 vs YTD 2024 Note 3a Net gain on disposal of The Annex The disposal of The Annex has resulted in a total realised gain of RM8.8 million (net of RPGT). The gain on disposal translates to an additional income distribution of 0.43 sen per unit. In ensuring th
Slide 37: Income Statement Notes
FINANCIAL OVERVIEW INCOME STATEMENT YTD 2025 vs YTD 2024 Note 4 Non-Property Expenses Higher non-property expenses were mainly due to increase manager fees and trustee fees following the higher NAV from the latest placement and 2024 revaluation gains, as well as the SST imposed on these fees effecti
Slide 38: Portfolio Yield by Asset Types
FINANCIAL OVERVIEW PORTFOLIO YIELD BY ASSET TYPES Asset Type Net Yield (%) Gross Yield (%) Office 6.3 9.4 Office Industrial 7.4 10.0 Logistics Warehouse 7.7 8.6 Manufacturing Facilities 8.1 9.0 Hypermarket 8.9 9.4 Average 7.8 9.1 -REIT | All rights reserved. 38
Slide 39: Financial Position
FINANCIAL OVERVIEW FINANCIAL POSITION Investment Properties Note 1 5,237,020 5,090,820 +146,200 Fixed Assets 1,149 1,112 +37 Asset Classified as Held for Sale - 23,000 -23,000 Other Assets Note 2 118,124 143,626 -25,502 TOTAL ASSETS 5,356,293 5,258,558 +97,735 Financing 1,733,536 1,750,444 -16,908 O
Slide 40: Notes - Financial Position
FINANCIAL OVERVIEW NOTES - FINANCIAL POSITION Note 1 Investment Properties During the financial year, approximately RM20.5 million was spent on enhancing existing properties, including RM6.6 million for the extension of a leasehold period. The first instalment for the acquisition of Axis Facility 4
Slide 41: 5-Year Financing Profile
FINANCIAL OVERVIEW 5-YEAR FINANCING PROFILE 2021 2022 2023 2024 1H2025 2025 1,184,593 1,546,020 1,554,974 1,750,444 1,703,694 1,733,536 3,838,760 4,255,673 4,522,893 5,258,558 5,214,137 5,356,293 Financing Ratio 30.86% 36.33% 34.38% 33.29% 32.67% 32.36% Effective Profit Rate 3.63% 3.87% 4.19% 4.26%
Slide 42: Financing Ratio
FINANCIAL OVERVIEW FINANCING RATIO Placement Undertaken 50% 45% 40% 40% 39% 38% 37% 36% 36% 36% 36% 35% 34% 33% 33% 33% 33% 33% 33% 33% 33% 33% 32% 31% 31% 30% 30% 29% 29% 27% 27% 25% 24% 20% 15% 10% 5% 0% -REIT | All rights reserved. 42
Slide 43: Capital
FINANCIAL OVERVIEW CAPITAL 000) 6,000 5,259 5,356 5,209 5,214 5,230 5,000 4,523 4,256 4,000 3,839 3,364 3,086 3,000 2,840 2,550 2,574 2,591 2,591 2,591 2,600 2,244 2,086 2,142 2,129 1,934 1,946 2,000 1,589 1,617 1,584 1,596 1,209 1,298 1,240 1,247 1,045 1,052 1,060 908 1,000 726 728 735 751 582 540
Slide 44: Stock Information
STOCK INFORMATION -REIT | All rights reserved. 44
Slide 45: Top Unitholders
STOCK INFORMATION TOP 10 * NAME OF UNITHOLDER % 1 EMPLOYEES PROVIDENT FUND 10.5% 2 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 6.8% 3 LEMBAGA TABUNG HAJI 6.1% 4 PUBLIC ITTIKAL SEQUEL FUND 4.4% 5 EMPLOYEES PROVIDENT FUND BOARD (ISLAMIC) 4.4% 6 URUSHARTA JAMAAH SDN. BHD. (2) 4.0% 7 TEW PENG HWEE @ TEOH PE
Slide 46: Number of CDS Accounts and Unitholding Movement
STOCK INFORMATION NO. OF CDS ACCOUNTS 14,000 12,227 12,247 12,460 12,438 12,000 10,521 10,000 8,000 6,776 5,715 6,000 4,184 4,585 3,611 3,891 4,000 3,009 3,176 2,000 - 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 UNITS HELD 4Q2025 UNITS HELD 3Q2025 MOVEMENT Total no. of unitholde
Slide 47: Thank You
THANK YOU info@axis-reit.com.my https://www.axis-reit.com.my/ 603-7958 4882 -REIT | All rights reserved. 47
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