Dato’ Carl Gunnar Myhre
@ Dato’ Abas Carl Gunnar
Bin Abdullah
Executive Chairman
Leong Kit May
Chief Executive Officer/
Executive Director
Dear Unitholders,
2024 was an excellent year for Axis-REIT on all fronts. We delivered record investments and strong operating results, surpassing our targets. Backed by prudent capital management strategies, these achievements translated into one of our strongest financial results to date.
A year ago, we announced an ambitious target to grow Axis-REIT’s Assets Under Management (AUM) to RM5 billion by the end of 2024. We are pleased to report that we exceeded this target, completing a record 8 acquisitions during the year, raising our portfolio count to 69 properties with 15.15 million sq. ft. of space under management. Our robust investments lifted our AUM to RM5.26 billion as at 31 December 2024, surpassing the RM5 billion mark and extending our position as the leading industrial REIT in Malaysia.
Revenue
million
DPU
Total Assets Under Management
billion
Total Properties
CEO’s Review
2024 was a sweet spot for Axis-REIT – amid a convergence of economic tailwinds and strategic opportunities, we achieved record property acquisitions, successfully completed our fifth development project, and delivered solid operating results, which lifted the Fund’s revenue and operating income.
Axis-REIT’s Unitholders’ capital, Sukuk funds, revolving credit facilities, investments, and rental income that are used to support Axis-REIT’s business and operations
Our structured processes include Axis-REIT’s diverse portfolio of properties and management services which provide the framework of how we do business and create value
Stakeholder relationships, including suppliers, regulators, and the communities in which we operate, as we recognise the need for interdependent relationships in building a thriving society
Our culture and people, collective information, skills, and experience that enable innovative and competitive developments and initiatives for our tenants and other stakeholders
The expertise and knowledge inherent to the Manager that can be reproduced and shared for sustainable growth
All environmental resources and processes that support current and future prosperity for our business and all our stakeholders through the limitation of negative contributions towards climate change
Financial Capital
MANUFACTURED CAPITAL
SOCIAL & RELATIONSHIP CAPITAL
HUMAN Capital
INTELLECTUAL Capital
NATURAL CAPITAL
Financial Capital
MANUFACTURED CAPITAL
SOCIAL & RELATIONSHIP CAPITAL
HUMAN Capital
INTELLECTUAL Capital
NATURAL CAPITAL
Economic
Economic Performance
Tenant Satisfaction
Quality Assets & Services – New Acquisitions
Quality Assets & Services – Existing Assets
Responsible Supply Chain Management
ENVIRONMENTAL
Energy & Carbon Footprint
Water Management
Waste Management
Governance
Business Ethics
Cybersecurity & Data Protection
SOCIAL
Occupational Health and Safety
Talent Development
Diversity and Inclusion
Human Rights & Labour Practices
Community Activity & Partnership
DATE:
24 April 2025
Thursday
TIME:
10.00 a.m.
VENUE:
Ground Floor,
Lobby 1 Crystal Plaza
No. 4, Jalan 51A/223
46100 Petaling Jaya
Selangor Darul Ehsan
Please click the download button you wish to download.
No. 4, Jalan 51A/223
Section 51A
46100 Petaling Jaya
Selangor
million
No. 2, Jalan 51A/223
Section 51A
46100 Petaling Jaya
Selangor
million
No. 4, Lorong Persiaran Barat
46100 Petaling Jaya
Selangor
million
Lot 13A & 13B
Jalan 225, Section 51A
46100 Petaling Jaya
Selangor
million
No. 10, Jalan Bersatu 13/4
Section 13
46200 Petaling Jaya
Selangor
million
Lot 5, Jalan Perusahaan 1
Kawasan Perindustrian PKNS
68100 Batu Caves
Selangor
million
No. 3, Jalan Keluli 15/16
Section 15
40200 Shah Alam
Selangor
million
No. 13, Jalan 225
Section 51A
46100 Petaling Jaya
Selangor
million
No. 11, Jalan 219
Section 51A
46100 Petaling Jaya
Selangor
million
Lot 19, Jalan 51A/219
Off Federal Highway
46100 Petaling Jaya
Selangor
million
No. 23, Jalan Delima 1/1
Subang Hi-Tech Industrial Park
Batu Tiga
40000 Shah Alam
Selangor
million
Lot 1, Jalan 13/6
Section 13
46200 Petaling Jaya
Selangor
million
No.12 Jalan Bersatu 13/4
Section 13
46200 Petaling Jaya
Selangor
million
No. 4, Jalan 19/1
Section 19
46300 Petaling Jaya
Selangor
million
No. 4A, Jalan 19/1
Section 19
46300 Petaling Jaya
Selangor
million
No. 2, Jalan 19/1B
Section 19
46300 Petaling Jaya
Selangor
million
Jalan Aeroangkasa 4
Seksyen U3
40150 Shah Alam
Selangor
million
Lot 1, Solok Waja 2
Kawasan Industri Bukit Raja
41050 Klang
Selangor
million
Lot No. 749
Kawasan Perindustrian Nilai II
71800 Nilai
Negeri Sembilan Darul Khusus
million
Lot 6, Solok Waja 2
Kawasan Perusahaan Bukit
Raja
41050 Klang
Selangor
million
Lot 795 & 796 Jalan Monorail
Kawasan Industri Sungai Choh
48000 Sungai Choh Rawang
Selangor
million
PT11653, Jalan Techvalley 1/2
Kawasan Perindustrian Sendayan Techvalley
71950 Seremban
Negeri Sembilan
million
Lot 6119, Jalan Haji Salleh/KU8
Batu 5 1/2, Pekan Meru
41050 Klang
Selangor
million
Lot 16, Jalan Pengapit 15/19
Seksyen 15
40200 Shah Alam
Selangor
million
Lots 2-22,2-24,2-26,2-28
Jalan SU 6A
Taman Perindustrian Subang
(Lion Industrial Park),
Section 22
40300 Shah Alam,
Selangor
million
Lot 13111 & Lot 13112
Mukim Labu
Kawasan Perindustrian Nilai 1
71800 Nilai
Negeri Sembilan
million
PT 64238
Jalan Perigi Nenas 7/2 KS11
Taman Perindustrian Pulau Indah
42920 Pelabuhan Klang
Selangor
million
PT 64237
Jalan Perigi Nenas 7/2 KS11
Taman Perindustrian Pulau Indah
42920 Pelabuhan Klang
Selangor
million
No 4, Solok Waja 3
Kawasan Perindustrian Bukit
Raja
41050 Klang
Selangor
million
Lot 7316 (PT 3609)
Persiaran Sijangkang Utama
42500 Telok Panglima Garang
Selangor
million
Lot 19, Lebuh Hishamuddin 1
Selat Klang Utara
42000 Pelabuhan Klang
Selangor
million
Lot No. 10 & 12
Jalan Pahat 16/8A,
Lot No. 11 & 13
Jalan Gudang 16/9,
Section 16
40200 Shah Alam, Selangor
million
Lot No. 22202, Jalan Gambus 33/4
Off Jalan Bukit
Kemuning
Batu 8.5, 40400 Shah Alam
Selangor
million
Lot PT 5038-5041
Jalan Teluk Datuk 28/40
Off Persiaran Sepang
Seksyen 28,
40400 Shah Alam
Selangor
million
Lot 45 (177) Jalan Utas 15/7
Seksyen 15
40200 Shah Alam
Selangor
million
No. 43 & 44, Lengkok Keluli 1
Kawasan Perindustrian Bukit Raja Selatan,
Seksyen 7
40000 Shah Alam, Selangor
million
No 3, Jalan Keluli Satu
Kawasan Perindustrian
Bukit Raja Selatan
40000 Shah Alam, Selangor
million
Lot 73 & 74
Persiaran Bunga Tanjung 1
Senawang Industrial Park
70400 Seremban
Negeri Sembilan
million
PMT 770, Jalan Cassia Selatan 6/4
Taman Perindustrian Batu Kawan
14110 Bandar Cassia
Penang
million
88A, Lintang Bayan 9
Lintang Bayan Lepas Industrial Park
Phase IV
11900 Bayan Lepas
Penang
million
Plot 24, Tingkat Perusahaan 6
Kawasan Perusahaan Prai Phase 4
13600 Seberang Prai Tengah
Penang
million
Plot 23, Tingkat Perusahaan 6
Kawasan Perusahaan Prai Phase 4
Seberang Prai Tengah
Penang
million
No. 74
Lorong Perusahaan Utama 4
Bukit Tengah Industrial Park
14000 Bukit Mertajam
Penang
million
Jalan Lencongan Barat
08000 Sungai Petani
Kedah
million
Sub Lot 2
Kawasan Perindustrian MIEL Gebeng
KM25, Jalan
Kuantan-Kemaman
P.O. Box 240
25720 Kuantan, Pahang
million
Temerloh Mall
Jalan Jaya
28000 Temerloh
Pahang
million
75 (Plot 111), Jalan i-Park 1/8
Kawasan Perindustrian i-Park
Bandar Indahpura
81000 Kulai, Johor
million
No. 95, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor
million
No. 96, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor
million
No. 97, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor
million
No. 98, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor
million
No. 93, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor
million
92 (Plot 132), Jalan i-Park 1/10
Kawasan Perindustrian i-Park
Bandar Indahpura
81000 Kulai, Johor
million
(formerly known as D21 Logistics Warehouse)
Lot D21, Jalan Tanjung A/3
Distripark A
Port of Tanjung Pelepas
Gelang Patah, 81560 Johor
million
PLO 205, Jalan Cyber 14
Kawasan Perindustrian Senai IV
81400 Johor
million
No.69, Jalan i-Park 1/7
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor
million
74 (Plot 112), Jalan i-Park 1/8
Kawasan Perindustrian i-Park
Bandar Indahpura
81000 Kulai, Johor
million
No. 89A, Jalan i-Park 1/6
Kawasan Perindustrian i-Park
Bandar Indahpura
81000 Kulai, Johor
million
Nos. 1, 3 & 5
Jalan Teknologi Perintis 1
Taman Teknologi Nusajaya
79200 Iskandar Puteri, Johor
million
No. 14
Jalan Teknologi Perintis 1/3
Taman Teknologi Nusajaya
79200 Iskandar Puteri, Johor
million
Lot D8, Jalan Tanjung A/4
Distripark A
Port of Tanjung Pelepas
Gelang Patah, 81560 Johor
million
Plot D37c, Jalan DPB 3
Distripark B
Pelabuhan Tanjung Pelepas
81560 Gelang Patah, Johor
million
Plots DW1 and DW2
Jalan Tanjung A/2, Distripark A
Pelabuhan Tanjung Pelepas
81560 Gelang Patah, Johor
million
PLO 731, Jalan Nikel 2
Kawasan Perindustrian Pasir Gudang
81700 Pasir Gudang, Johor
million
PLO 419-421, Jalan Emas 2
Pasir Gudang Industrial Estate
81700 Pasir Gudang, Johor
million
PLO 563, Jalan Keluli 8
Pasir Gudang Industrial Estate
81700 Pasir Gudang, Johor
million
Plot 78, Jalan Keluli
Kawasan Perindustrian Pasir
Gudang
81700 Pasir Gudang
Johor Bahru
million
Plot 823 & Plot 828, Jalan Nikel 2
Kawasan Perindustrian Pasir Gudang
81700 Pasir Gudang, Johor
million
No. 1, Jalan Bukit Indah 15
81200 Johor
million