Axis Real Estate Investment Trust
Axis Real Estate Investment Trust ("Axis-REIT"), Malaysia's first real estate investment trust, was listed on Bursa Securities on 3 August 2005. Having been reclassified as an Islamic REIT on 11 December 2008, all acquisitions by Axis-REIT are Shariah compliant. It has a diverse portfolio of 68 properties strategically located in the Klang Valley, Johor, Penang, Pahang, Negeri Sembilan and Kedah … Read more
Axis Real Estate Investment Trust (5106) - Net Assets
Latest net assets as of December 2025: RM3.42 Billion MYR
Based on the latest financial reports, Axis Real Estate Investment Trust (5106) has net assets worth RM3.42 Billion MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM5.36 Billion) and total liabilities (RM1.93 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM3.42 Billion |
| % of Total Assets | 63.91% |
| Annual Growth Rate | 13.79% |
| 5-Year Change | 35.46% |
| 10-Year Change | 145.77% |
| Growth Volatility | 11.57 |
Axis Real Estate Investment Trust - Net Assets Trend (2006–2025)
This chart illustrates how Axis Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Axis Real Estate Investment Trust (2006–2025)
The table below shows the annual net assets of Axis Real Estate Investment Trust from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM3.42 Billion | +3.77% |
| 2024-12-31 | RM3.30 Billion | +16.74% |
| 2023-12-31 | RM2.83 Billion | +9.88% |
| 2022-12-31 | RM2.57 Billion | +1.76% |
| 2021-12-31 | RM2.53 Billion | +19.04% |
| 2020-12-31 | RM2.12 Billion | +2.13% |
| 2019-12-31 | RM2.08 Billion | +24.92% |
| 2018-12-31 | RM1.66 Billion | +4.58% |
| 2017-12-31 | RM1.59 Billion | +14.23% |
| 2016-12-31 | RM1.39 Billion | +2.99% |
| 2015-12-31 | RM1.35 Billion | +1.97% |
| 2014-12-31 | RM1.33 Billion | +28.94% |
| 2013-12-31 | RM1.03 Billion | +3.93% |
| 2012-12-31 | RM989.71 Million | +4.83% |
| 2011-12-31 | RM944.10 Million | +25.01% |
| 2010-12-31 | RM755.23 Million | +33.52% |
| 2009-12-31 | RM565.65 Million | +20.87% |
| 2008-12-31 | RM467.99 Million | +39.84% |
| 2007-12-31 | RM334.65 Million | +13.79% |
| 2006-12-31 | RM294.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Axis Real Estate Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 78025500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM780.25 Million | 22.79% |
| Common Stock | RM2.60 Billion | 75.94% |
| Other Components | RM43.60 Million | 1.27% |
| Total Equity | RM3.42 Billion | 100.00% |
Axis Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Axis Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KYB CORPORATION
F:60V
|
$826.16 Million |
|
SAF-Holland SE
PINK:SFHLF
|
$826.28 Million |
|
La Comer S.A.B. de C.V
PINK:LCMRF
|
$826.63 Million |
|
Osotspa Public Company Limited
OTCGREY:OSOPF
|
$826.68 Million |
|
China Railway Tielong Container Logistics Co Ltd
SHG:600125
|
$825.72 Million |
|
SEIREN CO. LTD
F:1AB
|
$825.60 Million |
|
Safehold Inc
NYSE:SAFE
|
$825.56 Million |
|
LGI Homes
NASDAQ:LGIH
|
$825.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Axis Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,299,096,000 to 3,423,457,000, a change of 124,361,000 (3.8%).
- Net income of 282,076,000 contributed positively to equity growth.
- Dividend payments of 183,154,000 reduced retained earnings.
- Share repurchases of 25,885,000 reduced equity.
- New share issuances of 25,885,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM282.08 Million | +8.24% |
| Dividends Paid | RM183.15 Million | -5.35% |
| Share Repurchases | RM25.89 Million | -0.76% |
| Share Issuances | RM25.89 Million | +0.76% |
| Other Changes | RM25.44 Million | +0.74% |
| Total Change | RM- | 3.77% |
Book Value vs Market Value Analysis
This analysis compares Axis Real Estate Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.84x to 1.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.71 | RM2.03 | x |
| 2007-12-31 | RM0.81 | RM2.03 | x |
| 2008-12-31 | RM0.93 | RM2.03 | x |
| 2009-12-31 | RM1.04 | RM2.03 | x |
| 2010-12-31 | RM1.15 | RM2.03 | x |
| 2011-12-31 | RM1.24 | RM2.03 | x |
| 2012-12-31 | RM1.09 | RM2.03 | x |
| 2013-12-31 | RM1.12 | RM2.03 | x |
| 2014-12-31 | RM1.42 | RM2.03 | x |
| 2015-12-31 | RM1.23 | RM2.03 | x |
| 2016-12-31 | RM1.26 | RM2.03 | x |
| 2017-12-31 | RM1.29 | RM2.03 | x |
| 2018-12-31 | RM1.35 | RM2.03 | x |
| 2019-12-31 | RM1.65 | RM2.03 | x |
| 2020-12-31 | RM1.47 | RM2.03 | x |
| 2021-12-31 | RM1.74 | RM2.03 | x |
| 2022-12-31 | RM1.57 | RM2.03 | x |
| 2023-12-31 | RM1.62 | RM2.03 | x |
| 2024-12-31 | RM1.82 | RM2.03 | x |
| 2025-12-31 | RM1.69 | RM2.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Axis Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 77.28%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.56x
- Recent ROE (8.24%) is below the historical average (9.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.59% | 104.86% | 0.10x | 1.40x | RM13.51 Million |
| 2007 | 20.50% | 146.54% | 0.08x | 1.74x | RM35.14 Million |
| 2008 | 13.56% | 100.19% | 0.09x | 1.55x | RM16.65 Million |
| 2009 | 10.96% | 86.56% | 0.08x | 1.60x | RM5.41 Million |
| 2010 | 13.42% | 113.60% | 0.07x | 1.60x | RM25.83 Million |
| 2011 | 8.59% | 68.85% | 0.09x | 1.38x | RM-13.36 Million |
| 2012 | 10.42% | 75.69% | 0.09x | 1.61x | RM4.15 Million |
| 2013 | 10.82% | 78.75% | 0.09x | 1.57x | RM8.42 Million |
| 2014 | 8.33% | 80.26% | 0.07x | 1.57x | RM-22.18 Million |
| 2015 | 7.14% | 59.21% | 0.08x | 1.58x | RM-38.68 Million |
| 2016 | 8.78% | 73.37% | 0.07x | 1.61x | RM-17.01 Million |
| 2017 | 7.70% | 73.06% | 0.07x | 1.60x | RM-36.55 Million |
| 2018 | 9.31% | 73.59% | 0.07x | 1.71x | RM-11.43 Million |
| 2019 | 10.07% | 94.05% | 0.07x | 1.48x | RM1.36 Million |
| 2020 | 6.69% | 61.17% | 0.07x | 1.58x | RM-70.24 Million |
| 2021 | 7.93% | 81.38% | 0.06x | 1.52x | RM-52.37 Million |
| 2022 | 7.40% | 66.92% | 0.07x | 1.65x | RM-66.82 Million |
| 2023 | 1.48% | 55.57% | 0.02x | 1.60x | RM-240.81 Million |
| 2024 | 6.37% | 65.19% | 0.06x | 1.59x | RM-119.90 Million |
| 2025 | 8.24% | 77.28% | 0.07x | 1.56x | RM-60.27 Million |
Industry Comparison
This section compares Axis Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $2,479,463,770
- Average return on equity (ROE) among peers: 5.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Axis Real Estate Investment Trust (5106) | RM3.42 Billion | 14.59% | 0.56x | $825.87 Million |
| UOA Real Estate Investment Trust (5110) | $980.30 Million | 3.54% | 0.80x | $57.95 Million |
| AmFIRST Real Estate Investment Trust (5120) | $811.75 Million | 0.66% | 1.05x | $30.34 Million |
| AmanahRaya Real Estate Investment Trust (5127) | $686.06 Million | 5.91% | 0.52x | $12.27 Million |
| KLCC Property Holdings Bhd (5235SS) | $10.10 Billion | 9.10% | 0.24x | $1.19 Billion |
| Al-Salam Real Estate Investment Trust (5269) | $616.30 Million | 6.59% | 0.60x | $29.29 Million |
| PARADIGM REAL ESTATE INVESTMENT TRUST (5338) | $1.68 Billion | 5.32% | 0.54x | $125.11 Million |