Axis Real Estate Investment Trust reported unaudited earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net income for the year of MYR 16,951,000 or 1.54 sen per share on revenues of MYR 40,008,000 compared to net income for the year of MYR 26,083,000 or 2.69 sen per share on revenues of MYR 35,033,000 a year ago. Profit before tax was MYR 16,951,000 compared to MYR 26,083,000 a year ago.

For the year, the company reported net income for the year of MYR 96,564,000 or 8.81 sen per share on revenues of MYR 163,821,000 compared to net income for the year of MYR 110,455,000 or 11.82 sen per share on revenues of MYR 138,835,000 a year ago. Profit before tax was MYR 96,637,000 compared to MYR 110,455,000 a year ago. Net cash from operating activities was MYR 52,935,000 compared to MYR 106,233,000 a year ago. Acquisition of equipment was MYR 1,174,000 compared to MYR 712,000 a year ago. Acquisition of investment property was MYR 45,782,000 compared to MYR 395,039,000 a year ago. Enhancement of investment properties was MYR 14,466,000 compared to MYR 18,330,000 a year ago. NAV per unit was MYR 1.2298.