Axis Real Estate Investment Trust · MYX:AXREIT
Axis Real Estate Investment Trust — Q1 2026 Earnings Presentation
37 slides from Axis Real Estate Investment Trust's earnings presentation, Apr 29, 2026
Slide 1: Axis Real Estate Investment Trust Results Presentation 1Q2026
AXIS REAL ESTATE INVESTMENT TRUST Results Presentation 1Q2026 29 April 2026
Slide 2: Table of Content
TABLE OF CONTENT 01 1Q2026 AT A GLANCE 04 INVESTMENT OVERVIEW 02 HIGHLIGHTS 05 FINANCIAL OVERVIEW 03 OUR PORTFOLIO 06 STOCK INFORMATION
Slide 3: 1Q2026 At a Glance
1Q2026 AT A GLANCE
Slide 4: 1Q2026 At a Glance
1Q2026 AT A GLANCE AS AT 31 MARCH 2026 70 properties on portfolio 57 properties RM5.45 billion with 100% occupancy Total Assets Under Management 15.3 million sq. ft. Portfolio Occupancy of 94% RM3.89 billion Space Under Management with a WALE of 4.3 years Market Capitalisation 34% 2.50 sen Nationwid
Slide 5: Highlights
HIGHLIGHTS
Slide 6: Highlights
HIGHLIGHTS ➢ Successfully redeemed the third Sukuk using proceeds from a rated RM240.0 million Senior Sukuk with a 7-year tenor at a 3.95% coupon on 5 January 2026, securing lower financing costs and strengthening long-term funding. ➢ Completed acquisition of Axis Industrial Facility 1 @ Northport,
Slide 7: ESG Sustainability Highlights
ESG SUSTAINABILITY HIGHLIGHTS
Slide 8: ESG Sustainability Highlights
ESG SUSTAINABILITY HIGHLIGHTS ENVIRONMENT SOCIAL ✓ Efficient Energy Management o Organised blood donation with Pusat Darah Negara o Energy, water and waste management o Funding physiotherapy and speech therapy for children with disabilities On-going management of energy, water and waste targets o So
Slide 9: Our Portfolio
OUR PORTFOLIO
Slide 10: Our Portfolio
OUR PORTFOLIO AS AT 31 MARCH 2026 Our portfolio has 70 properties comprising 15.3 million sq. ft. and 183 tenants. 1Q2026 No. of Properties 70 Realised Property Income (RM’000) 89,467 Property Expenses (RM’000) 12,247 Realised Net Property Income (RM’000) 77,220 Occupancy 94% PORTFOLIO EFFICIENCY RA
Slide 11: Space Under Management
OUR PORTFOLIO AS AT 31 MARCH 2026 Space Under Management (‘000 sq ft) 18,000 15,310 16,000 15,155 15,093 15,310 14,000 13,351 12,726 12,000 11,375 10,479 9,538 (‘000 sq ft) 10,000 9,349 8,088 8,000 7,607 6,859 7,015 6,000 5,464 5,464 4,288 4,450 3,680 4,000 2,858 2,176 1,657 2,000 1,187 0 2005 2006
Slide 12: Established Nationwide Footprint
OUR PORTFOLIO ESTABLISHED NATIONWIDE FOOTPRINT properties in prime industrial areas 70 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 13: Portfolio Diversification (On NLA)
OUR PORTFOLIO PORTFOLIO DIVERSIFICATION (ON NLA) 12% 13% Office / 31% Services 3% Industrial Multi Tenants Office 3% 17% Hypermarket Consumer Products 40% BY INDUSTRY 29% BY ASSET TYPE BY OCCUPANCY Logistics SECTOR Manufacturing TYPE Facilities 30% 53% 69% Manufacturing Logistics Warehouse Single Te
Slide 14: Properties with Occupancy Below 90%
OUR PORTFOLIO PROPERTIES WITH OCCUPANCY BELOW 90% AS AT 31 MARCH 2026 Axis Business Park 89% Fonterra HQ 85% Axis Technology Centre 84% Axis Industrial Facility 1 @ Shah Alam 71% Wisma Kemajuan 70% Axis Business Campus 69% Menara Axis 60% Bukit Raja Distribution Centre 16% Axis Industrial Facility 1
Slide 15: Lease Expiry by Location and Type
OUR PORTFOLIO LEASE EXPIRY BY LOCATION AND TYPE Y E AR 2026 2027 2028 Leas e E xpiry by Due for % of % of R ental Due for % of % of R ental Due for % of % of R ental Location R enewal (s q. ft.) Total NLA Income/month R enewal (s q. ft.) Total NLA Income/month R enewal (s q. ft.) Total NLA Income/mo
Slide 16: Investment Overview
INVESTMENT OVERVIEW
Slide 17: Completed Acquisition: Axis Industrial Facility 1 @ Northport
INVESTMENT OVERVIEW COMPLETED ACQUISITION 1 Axis Industrial Facility 1 2024 @ Northport Completion Date 27 January 2026 Gross Floor Area 240,641 sq. ft. Land Area Approx. 9.0 acres Land Tenure Leasehold The property is currently unoccupied and the Fund is in Occupancy the midst of refurbishment and
Slide 18: On-going Acquisitions
INVESTMENT OVERVIEW ON-GOING ACQUISITIONS 2024 1 Warehouse Facility in Telok Gong, Port Klang Expected Completion Date 4Q 2026 Net Lettable Area 259,310 sq. ft. Land Area Approx. 10.19 acres Land Tenure Leasehold Occupancy 100% Purchase Price RM80.0 mil WALE at Acquisition 6 years 2 Industrial Facil
Slide 19: On-going Developments: Pasir Gudang Logistics Warehouse 2
INVESTMENT OVERVIEW ON-GOING DEVELOPMENTS 1 2024 Pasir Gudang Logistics Warehouse 2 (Development on vacant land of 3.2 acres) Proposed Before After – Development 3.2ac. Artist Impression Only Expected Completion Date End 2026 Original Net Lettable Area 262,348 sq. ft. Additional Area Approx. 74,000
Slide 20: On-going Developments: Axis Facility @ Bukit Raja
INVESTMENT OVERVIEW ON-GOING DEVELOPMENTS 2 Axis Facility 4 @ Bukit Raja 2024 2024 Before After – Artist Impression Only Expected Completion Date 1H 2027 Gross Floor Area Approx. 180,000 sq. ft. Land Area Approx. 7.13 acres Land Tenure Leasehold Asset Type Manufacturing Development Cost To be determ
Slide 21: Acquisition Targets
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 22: Financial Overview
FINANCIAL OVERVIEW
Slide 23: Financial Overview
FINANCIAL OVERVIEW AS AT 31 MARCH 2026 Total Assets Under Management Net Asset Value Per Unit RM5.45 billion RM1.69 Total Financing Financing Ratio RM1.85 billion 34% Total Unitholder’s Funds Distribution Per Unit RM3.42 billion 1Q2026: 2.50 sen Copyright © 2026 AXIS -REIT | All rights reserved. 23
Slide 24: 5-Year Results Performance
FINANCIAL OVERVIEW 5-YEAR RESULTS PERFORMANCE REVENUE (RM’ MIL)* NET PROPERTY INCOME (RM’ MIL)* Actual After lease incentive adjustment Actual After lease incentive adjustment 400.0 362.0 361.6 350.0 313.3 312.8 350.0 319.0 318.5 300.0 273.5 272.9 300.0 281.7 281.1 285.4 284.5 242.6 242.0 242.4 241.
Slide 25: Income Statement 1Q2026 vs 1Q2025
FINANCIAL OVERVIEW INCOME STATEMENT 1Q2026 vs 1Q2025 1Q2026 1Q2025 Changes / (RM’000) (RM’000) Movement No. of Properties 70 69 +1 Property Income 89,467 89,481 Property income before lease incentive adjustment – Note 1 90,029 89,545 +0.5% - Lease incentive adjustment (non-distributable) (562) (64)
Slide 26: Income Statement 1Q2026 vs 1Q2025 Notes
FINANCIAL OVERVIEW INCOME STATEMENT 1Q2026 vs 1Q2025 Note 1 – Property Income For 1Q2026, property income before lease incentive adjustment recorded a slight increase compared to 1Q2025. The growth would have been higher but was offset by a rental suspension for Wisma Kemajuan that was affected by a
Slide 27: Income Statement Notes: Financing Cost and Units
FINANCIAL OVERVIEW INCOME STATEMENT 1Q2026 vs 1Q2025 Note 4 – Islamic Financing Cost Lower financing costs mainly due to interest saving from the redemption of Third Sukuk Issue that carried a higher coupon rate, using the proceeds from issuance of Second Senior Sukuk at a lower coupon rate in Janua
Slide 28: Portfolio Yield by Asset Types
FINANCIAL OVERVIEW PORTFOLIO YIELD BY ASSET TYPES Asset Type Net Yield (%) Gross Yield (%) Portfolio Yield Office 7.2 9.8 Office / Industrial 7.3 9.7 9.1% Average Gross Yield (%) Logistics Warehouse 7.6 8.6 Manufacturing Facilities 8.3 9.1 7.8% Average Net Yield (%) Hypermarket 9.2 9.7 Copyright © 2
Slide 29: Financial Position
FINANCIAL OVERVIEW FINANCIAL POSITION 31/3/26 (RM’000) 31/12/25 (RM’000) Changes (RM’000) Investment Properties – Note 1 5,289,077 5,237,020 +52,057 Fixed Assets 1,104 1,149 -45 Other Assets 162,441 118,124 +44,317 TOTAL ASSETS 5,452,622 5,356,293 +96,329 Financing 1,847,533 1,733,536 +113,997 Other
Slide 30: Financial Position Notes
FINANCIAL OVERVIEW FINANCIAL POSITION Note 1 – Investment Properties During the period, a total of RM1.3 million was spent on capital expenditure as below: •RM972,000 for enhancement of existing properties, •RM348,000 for the ongoing development projects Acquisition of RM50.0 million for Axis Indust
Slide 31: Financing Profile
FINANCIAL OVERVIEW 5 YEAR FINANCING PROFILE 2022 2023 2024 2025 1Q2026 Total Financing (RM’000) 1,546,020 1,554,974 1,750,444 1,733,536 1,847,533 Total Assets (RM’000) 4,255,673 4,522,893 5,258,558 5,356,293 5,452,622 Financing Ratio 36.33% 34.38% 33.29% 32.36% 33.88% Effective Profit Rate 3.87% 4.1
Slide 32: Financing Ratio
FINANCIAL OVERVIEW FINANCING RATIO 50% Placements Undertaken 45% 40% 40% 39% 38% 37% 36% 36% 36% 36% 35% 34% 34% 33% 33% 33% 33% 33% 33% 33% 32% 31% 31% 30% 30% 29% 29% 27% 27% 25% 24% 20% 15% 10% 5% 0% Copyright © 2026 AXIS -REIT | All rights reserved. 32
Slide 33: Unitholders' Capital
FINANCIAL OVERVIEW UNITHOLDERS’CAPITAL (RM’MIL) 6,000 Total Asset Unitholders' Capital 5,453 5,356 5,259 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 2,600 2,244 2,086 2,142 2,129 1,934 1,946 2,000 1,589 1,617 1,584 1,596 1,298 1,240 1,2
Slide 34: Stock Information
STOCK INFORMATION
Slide 35: Top Unitholders
STOCK INFORMATION TOP 10 UNITHOLDERS’ * NAME OF UNITHOLDER % 1 EMPLOYEES PROVIDENT FUND 11.1% 2 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 6.6% 3 LEMBAGA TABUNG HAJI 6.2% 4 EMPLOYEES PROVIDENT FUND BOARD (ISLAMIC) 4.5% 5 PUBLIC ITTIKAL SEQUEL FUND 4.4% 6 URUSHARTA JAMAAH SDN. BHD. (2) 4.0% 7 AMANAH SAH
Slide 36: Number of CDS Accounts and Holdings
STOCK INFORMATION NO. OF CDS ACCOUNT 14,000 12,460 12,438 12,743 12,227 12,247 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 1Q2026 UNITS HELD 1Q2026 UNITS HELD 4Q2025 MOVEMENT Total no.
Slide 37: Thank You
THANK YOU info@axis-reit.com.my https://www.axis-reit.com.my/ 603-7958 4882
Axis Real Estate Investment Trust — Q1 2026 Earnings Presentation on 6ix