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...
The Philippine Stock Exchange, Inc. (PSE) has approved Filinvest REIT Corporation’s planned initial public offering (IPO) of up to P14.88 billion worth of shares. 18885 Set to be the third REIT company to be listed in the Exchange, Filinvest REIT is offering 1.63 billion secondary shares and up...
The Securities and Exchange Commission (SEC) has approved the planned P14.92 billion initial public offering (IPO) of the real estate investment trust (REIT) sponsored by Filinvest Land, Inc. (FLI). The Commission En Banc resolved to render effective the registration statement of Cyberzone...
Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, is planning a P26.67 billion initial public offering for its real estate investment trust (REIT) RL Commercial REIT Inc. RLC REIT has just filed with the Securities and Exchange Commission a registration...
The current bearish real estate industry in the Philippines is expected to bounce back in the second half this year to early 2022 fueled by the government’s huge infrastructure program and the private sector driven REITs regime. This was the gist by the Asia Pacific Real Assets Association...
Finance Secretary Carlos G. Dominguez III commends DoubleDragon’s remarkable business acumen and resilience amid challenging times. The Department of Finance (DOF) expects the real estate investment trust (REIT) will help drive the infrastructure modernization and open more business...
DDMP REIT Inc., the real estate investment trust subsidiary of DoubleDragon Properties Corporation, successfully listed its shares at the Philippine Stock Exchange but its performance was not as hot as many anticipated. The firm’s shares closed flat at its initial...
DoubleDragon Properties Corporation has moved at the last minute the listing of the initial public offering shares of its subsidiary DDMP REIT Inc. to March 24, 2021 from the original schedule of March 23. In a disclosure posted by the Philippine Stock Exchange in its website at past 7...
Rizal Commercial Banking Corp. (RCBC) is bullish in its outlook for the local real estate investment trust (REIT) market. The Yuchengco-led universal bank pointed out that contributors to the growth of the REIT market in the country include low interest rates, a steady return of dividends,...
DoubleDragon Properties Corporation has set the initial public offering price of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse, at P2.25 per share. The final IPO price of P2.25 is the maximum of its indicative offering price and...
