2,298,106 new units in Malaysia-listed industrial landlord Axis REIT have been listed on the Bursa Malaysia today.

As at 30th Sept 2013 Axis REIT has only 9 out of 31 properties that carry vacancy

The new units were issued in relation to the distributions reinvestment program applicable to the 2013 third interim income distribution, which allows unit holders of Axis Real Estate Investment Trust to reinvest their income distribution in new units in the REIT.

Axis REIT had previously announced a record distribution per unit (DPU) of 13.8 sen per unit declared for its 3Q2013. With listing of the new units issued, the enlarged fund size of Axis REIT is 461,239,089 units.

Units of Axis REIT closed the day unchanged from its previous close on the Bursa Malaysia at RM2.98.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.