Axis REIT Managers Berhad CEO/executive director Leong Kit May expressed satisfaction with the acquisition, stating it complements their existing portfolio in Bukit Raja, enhancing their presence in this prime industrial location.

Axis-REIT's optimism for 2024 is fueled by the satisfactory performance of its portfolio, higher occupancy rates, and reduced property expenses. The company is confident in its growth strategy to pursue additional quality investments.

Maybank IB endorses YTLREIT for its robust dividend yield and bettering Australian hotel performance. Pavilion REIT is expected to gain from Pavilion KL's improved performance and Pavilion Bukit Jalil's full-year contribution. Sentral's earnings growth is predicted to be backed by a higher occupancy rate for its office assets and new contributions from Menara CelcomDigi. Axis REIT is preferred for its high industrial segment exposure and active search for new assets.

Good morning mooers! Here are things you need to know about today's market:
●US stocks boosted by payrolls and inflation expectations in last Friday
●Glove makers set to bounce back in 2024
●Stocks to watch: Westports, YTL Power
-moomoo News MY
Wall Street Summary
US stocks rose as the job market remained resilient. Consumer expectations also added to signs that prices are cooling ...

Axis-REIT's CEO expressed confidence in Grade A logistics and manufacturing facilities acquisitions to boost yields and grow the quality property portfolio. Positive contributions to income are also expected from new tenancy at Axis Shah Alam DC 3 and development of Bukit Raja Distribution Centre 2.

Leong Kit May, CEO of Axis REIT Managers Bhd, believes the acquisition is in line with their investment objectives of high-quality properties with strong recurring rental income and that the long lease will improve the portfolio's weighted average lease expiry.