The prime location of MREIT buildings make it attractive to tenants as these are surrounded by various township components, like parks and residential developments. With four real estate investment trusts (REITs) already listed at the Philippine Stock Exchange, catching the interest of...
Editorial After waiting years for the right regulations to be put in place, the country’s top property developers were finally ready to launch their real estate investment trust offerings only to have the party crashed by COVID-19 which ignited so much volatility in the local stock market....
RL Commercial REIT, Inc. (RCR) has kicked off its P23.5 billion initial public offering which has generated strong institutional interest following its book-building process. 28461 In an interview, RCR Chairman and President of sponsor Robinsons Land Corporation Frederick D. Go said in a media...
The Gokongwei Group’s RL Commercial REIT Inc. (RCR) has set its final initial public offering price at P6.45 per share, making it the country’s largest real estate investment trust with a market capitalization of P64.2 billion. The firm is raising up to a total of P23.51 billion from its maiden...
Filinvest REIT Corp. (FILRT) reported an 8 percent improvement in net income to P1.05 billion in the first half of 2021 from the same period last year despite lower revenues. In a disclosure to the Philippine Stock Exchange, the firm said this was on the back of a 13 percent drop in revenues that...
It has been said that 2021 is the year of the REIT (real estate investment trust)`after two initial public offerings with a combined market capitalization of P74.36 billion plus two more IPOs in the pipeline with a maximum combined market cap of P128.43 billion. Makati CBD skyline These four IPOs...
Filinvest REIT Corp., (FILREIT) successfully listed at the Philippine Stock Exchange, closing the day one fluctuation higher at P7.02 from its initial public offering price of P7.00 despite the drop in the local market. “After months of great uncertainty, we finally arrived in our destination:...
The Department of Finance (DOF) said the growing roster of real estate investment trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic, serving as one catalyst for the country's quick and strong recovery. In a statement, Finance Secretary Carlos G....
The Philippine Stock Exchange’s Board of Directors has approved the listing of the shares of RL Commercial REIT, Inc. (RCR) paving the way for the real estate investment trust’s initial public offering worth up to P26.7 billion. Upon its target listing, RCR is poised to be the largest REIT by...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of real estate investment trusts (REIT) sponsored by Robinsons Land Corporation (RLC) and Megaworld Corporation with a combined value of P54 billion. The Commission En Banc resolved to render...
A Real Estate Investment Trust or REIT is not something new but its significance became more pronounced as real estate companies began to ramp up their REIT portfolio or began to offer this among their products. For those who are not deep into the real estate industry but want to find new...
Filinvest REIT Corp. (FILREIT), formerly Cyberzone Properties, Inc. and a real estate investment trust (REIT), has pegged the final offer price of its initial public offering at P7.00 per share. In a disclosure to the Philippine Stock Exchange, the firm said the offer price is set at the mid-point...
