Since its listing in 2005, Axis REIT (Bursa: 5106) has seen its portfolio size grow from RM339 million to RM2.24 billion in 2016. From just five properties at IPO, Axis REIT now (as at 31 December 2017) has 39 office and industrial properties located in Klang Valley, Johor, Penang, Negeri Sembilan and Kedah. In 2008, the REIT was reclassified as Shariah-compliant and is thus the world’s first Islamic office/industrial REIT. As an Islamic REIT, Axis is able to attract local and foreign Shariah-compliant funds and grow its asset base with new strategic partners.

Here are 12 things you need to consider about Axis REIT before you invest.

From 2012 to 2016, gross revenue grew 25.6% from RM132.6 million to RM166.7 million. Gross revenue grew in 2016 mainly due to incremental rental income from the acquisition of six properties and from positive rental reversions achieved during the …