H
ere is the rewritten text, retaining essential information and main ideas, but reducing the original length by 20%:

    Axis Real Estate Investment Trust (AXREIT) has reported a strong quarter, with revenue increasing 15% to RM86.7m and net income rising 21% to RM47.0m. The company's profit margin also expanded to 54%, up from 52% in the previous quarter.

    Looking ahead, AXREIT is forecast to grow its revenue by an average of 5.2% per annum over the next three years, outpacing the REITs industry growth rate of 2.0% in Asia. However, investors should be aware that there may still be risks associated with the company.

    The market performance in Malaysia has seen AXREIT's shares decline by 2.9% over the past week. It's essential to consider potential warning signs before making any investment decisions. Simply Wall St aims to provide long-term focused analysis driven by fundamental data, and our articles are not intended as financial advice.