RL Commercial REIT Inc. (RCR), the real estate investment trust of the Gokongwei Group, is looking forward to the infusion of 1.45 million square meters of gross leasable area (GLA) and 4,000 hotel rooms by its sponsor Robinsons Land Corporation. In a disclosure to the Philippine Stock Exchange,...
JG Summit Holdings President and CEO Lance Gokongwei is taking over the helm of real estate unit Robinsons Land Corporation (RLC) after Frederick D. Go resigned from the post to join the Marcos administration. In separate disclosures to the Philippine Stock Exchange (PSE), RLC and RL Commercial...
RL Commercial REIT Inc. (RCR), the real estate investment trust of Robinsons Land Corporation, reported a four percent improvement in revenues to P4.1 billion in the first nine months of the year. However, the firm has yet to disclose its net income for the period to the Philippine Stock Exchange...
Robinsons Land Corporation’s RL Commercial REIT, Inc. (RCR), the Philippines’ largest real estate investment trust, reported a 162 percent jump in unaudited net income to P4.4 billion last year from P1.68 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said the P4.4...
The net income of RL Commercial REIT, Inc. (RCR), the Philippines’ largest real estate investment trust, almost quintupled, rising 393 percent to P3.13 billion in the first nine months of 2022 from P633.79 million in the same period last year. In a disclosure to the Philippine Stock Exchange, RCR...
RL Commercial REIT Inc. (RCR), the Philippines’ largest real estate investment trust, has finalized the infusion of the P5.9 billion Robinsons Cyberscape Gamma by its sponsor Robinsons Land Corporation (RLC). To be implemented via a property-for-share swap transaction, RLC will get 777.81 million...
RL Commercial REIT, Inc. (RCR), the Philippines’ largest real estate investment trust (REIT) in market capitalization, is acquiring two prime assets from its sponsor Robinsons Land Corp. for P7 billion. In a disclosure to the Philippine Stock Exchange on Thursday, March 10, the firm said the...
RL Commercial REIT, Inc. (RCR), the Philippines’ largest Real Estate Investment Trust (REIT), reported a net income of P1.68 billion for 2021—ahead of target—on the back of stable revenue stream and operational efficiency. In a disclosure to the Philippine Stock Exchange, RCR said it closed...
RL Commercial REIT Inc. (RCR), the country’s largest Real Estate Investment Trust (REIT) and backed by Robinsons Land Corporation, declared its first cash dividend amounting to P616.8 million. Just over a month since its debut at the Philippine Stock Exchange, the RCR Board of Directors approved...
Frederick D. Go shares optimism in new projects and RCR, the largest REIT market to date Filipinos equate Robinsons with its malls, starting with the iconic one along EDSA and at the intersection of Ortigas Avenue. Robinsons Galleria, which is near a historical landmark where pivotal moments in our...
RCR gets Triple-A, investment-grade rating RL Commercial REIT, Inc. (RCR), the Philippines’ largest Real Estate Investment Trust (REIT) to date, has receiived the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings). An...
The public listing of the Philippines’ fourth real estate investment trust (REIT) company amid the lingering pandemic confirms investor optimism in the country’s solid recovery, the government’s chief economic manager said. At the listing ceremonies in the Philippine Stock Exchange (PSE) on...
