Axis Real Estate Investment Trust Full Year 2022 Earnings: Beats Expectations

Axis Real Estate Investment Trust (KLSE:AXREIT) Full Year 2022 Results

Key financial results

  • Revenue: RM288.3m (up 16% from FY 2021).

  • Net income: RM190.1m (down 5.1% from FY 2021).

  • Profit margin: 66% (down from 81% in FY 2021). The decrease in margin was driven by higher expenses.

  • EPS: RM0.12 (down from RM0.14 in FY 2021).

earnings-and-revenue-growth

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

Axis Real Estate Investment Trust Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 5.0% pa on average during the next 3 years, compared to a 4.8% growth forecast for the REITs industry in Malaysia.

Performance of the Malaysian REITs industry.

The company’s shares are up 2.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example – Axis Real Estate Investment Trust has 3 warning signs (and 2 which make us uncomfortable) we think you should know about.

Have feedback on this article? Concerned about the content? get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here