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Manila Bulletin devider Business devider Trade & Industry devider RL Commercial REIT lifts 2025 revenues on mall infusions

RL Commercial REIT lifts 2025 revenues on mall infusions

Published Feb 5, 2026 04:28 pm

Real estate investment trust (REIT) firm RL Commercial REIT Inc. (RCR) announced that it raised revenues by 35 percent last year, supported by higher portfolio occupancy and asset infusions.

In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Feb. 5, RCR reported ₱11.08 billion in unaudited revenues for calendar year (CY) 2025, in line with a 96-percent portfolio occupancy rate during the year.

Meanwhile, unaudited fourth-quarter revenues rose 49 percent to ₱3.42 billion from ₱2.3 billion in the same period in 2024, driven by contributions from nine malls it acquired.

Its unaudited total assets stood at ₱167.76 billion, while shareholders’ equity reached ₱162.19 billion.

Jericho P. Go, RCR’s president and chief executive officer (CEO), said the company was able to generate higher revenues due to new properties—particularly malls—added to the portfolio in 2024 and 2025.

“RCR continues to benefit from the upside of malls’ rental income from the 2024 asset infusion (two offices and 11 malls), together with the 2025 infusion (nine malls),” he said.

“With a higher proportion of malls in the portfolio, RCR is well positioned to capture the advantage of the ever-resilient consumer, while office performance remains vibrant.”

As of end-2025, the REIT firm had 38 assets, comprising 21 malls and 17 offices. Its sponsor, Robinsons Land Corp. (RLC), has four potential future infusions, including 1.1 million square meters (sqm) of mall space, 250,000 sqm of office space, nearly 300,000 sqm of logistics space, and about 4,000 hotel room keys.

RCR declared a regular cash dividend of ₱0.1112 per outstanding common share for the fourth quarter, reflecting its track record of quarter-on-quarter increases in dividends since its first declaration.

The cash dividends will be payable on March 2, 2026, to shareholders on record as of Feb. 20, 2026.

“For CY 2025, RCR has declared a total of ₱7.54 billion in cash dividends, representing more than 90 percent of its unaudited distributable income,” the company said.

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