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Manila Bulletin devider Business devider The Stock Market devider Robinsons-backed REIT profit jumps 41% in Q1 on asset injections

Robinsons-backed REIT profit jumps 41% in Q1 on asset injections

Published May 6, 2026 04:32 pm
RL Commercial REIT Inc (RCR)., the real estate investment trust backed by developer Robinsons Land Corp., reported a 41 percent surge in first-quarter net income, buoyed by property injections last year and robust tenant demand.
In a disclosure to the Philippine Stock Exchange, the firm said its net income climbed to ₱2.4 billion in the three months of the year from a year earlier.
Revenue, excluding adjustments in the fair market value of investment properties, jumped 51 percent to ₱3.4 billion.
"RCR's inclusion in the Philippine Stock Exchange Index (PSEi) is a testament to the Company's financial stability and strong market liquidity. We remain committed to providing sustainable returns to our stakeholders," said RCR President and CEO Jericho P. Go.
Meanwhile, the RCR Board has approved the declaration of a regular cash dividend for the first quarter of 2026, amounting to ₱0.1115 per outstanding common share, equivalent to a total cash dividend of ₱2.18 billion.
This represents more than 90 percent of the Company's unaudited distributable income. Since its initial declaration, RCR has consistently increased its dividends quarter-on-quarter.
The first quarter 2026 cash dividends will be payable on June 1, 2026, to shareholders of record as of May 19, 2026. RCR's dividend policy is to distribute at least 90 percent of its distributable income, in compliance with the REIT Law.
RCR's current diversified portfolio of 38 assets is composed of 21 malls and 17 offices, spread across 25 key locations in the country.
Moreover, RCR is well-positioned to further grow its portfolio, backed by its sponsor, Robinsons Land Corporation (RL). Potential future infusions from RLC include more than 1.7 million sqm of combined malls, offices, and logistics GLA and approximately 4,000 hotel room keys.
RCR also remains open to acquiring third-party assets as part of its long-term growth strategy.( James A. Loyola)

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RL Commercial REIT Inc. Robinsons Land Corporation Jericho P. Go
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