Overview

Axis Real Estate Investment Trust is Malaysia’s first REIT, listed on Bursa Securities on 3 August 2005. It has a diverse portfolio of 67 properties that are located in the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan and Kedah.

Vision

To successfully benchmark Axis-REIT against the world’s most successful REITs in terms of total returns to Unitholders, and be the REIT of choice for Shariah and non-Shariah investors.

Mission

To provide consistent distributions to Unitholders through growing the property portfolio, upholding the highest level of corporate governance, excellent capital and risk management and preserving capital values.

The Fund was constituted by a Deed and is principally regulated by applicable securities laws, the SC’s Guidelines on Listed REITs, the Main Market Listing Requirements of Bursa Securities, the rules of the depository and relevant taxation laws and rulings.

On 15 June 2005, the Deed constituting Axis-REIT was executed between Axis REIT Managers Berhad as the Manager of Axis-REIT, and RHB Trustees Berhad as the Trustee of Axis-REIT. The Deed was registered with the SC on 16 June 2005, which marked the establishment of Axis-REIT in Malaysia. Axis-REIT was thereafter reclassified as an Islamic REIT on 11 December 2008.

The duration of Axis-REIT shall be the earlier of the occurrence of any circumstance as stated in the Deed, or 999 years from the establishment of Axis-REIT.

Axis-REIT was formed to own and invest primarily in industrial and office real estate. The primary objectives of the Fund are:

  1. To provide Unitholders with a stable and growing distribution of income; and
  2. To achieve long-term growth in the net asset value per Unit of the Fund.

Axis REIT Managers Berhad is the Manager of Axis-REIT and is licensed under the Capital Markets and Services Act, 2007 as an Islamic Fund Manager to manage an Islamic REIT.