The Philippine Stock Exchange, Inc. (PSE) has approved the P3.22 billion initial public offering (IPO) application of Premiere Island Power REIT Corporation, the power and infrastructure real estate investment trust of the Villars’ Prime Asset Ventures, Inc. Premiere REIT is a REIT sponsored by...
The Annual Stockholders' Meeting of DDMP REIT, INC. is set to happen on December 13, 2022, 10:30AM. The remote meeting will be done via Zoom. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
DDMP REIT, INC. will hold its Annual Stockholders’ Meeting on Tuesday, December 13, 2022 at 10:30 AM through remote meeting via Zoom. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
Filinvest REIT Corp. (FILRT), the real estate investment trust of the Filinvest group, is acquiring a resort in Boracay even as earnings from its office leasing business declined. In a disclosure to the Philippine Stock Exchange, the firm said it is buying 2.9 hectares of land owned by Filinvest...
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) business unit of the Citicore group, reported accelerated growth in income in the past nine months to P906.5 million, more than eight times its last year’s earnings of P118.59 million. In the third quarter alone, the...
The Securities and Exchange Commission (SEC) has approved the planned P3.22 billion initial public offering (IPO) of Premiere Island Power REIT Corporation (PREIT), the power and infrastructure REIT platform of Villar-led Prime Asset Ventures, Inc. The SEC said PREIT is a real estate investment...
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...
Citicore Energy REIT Corporation (CREIT) reported a net income of P601 million for the first six months of 2022, more than five times the P89 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues for the first half of the year...
FILRT profit falls 30% in Q1 By JAMES A. LOYOLA Filinvest REIT Corporation (FILRT), the commercial real estate investment trust of the Filinvest group, posted a 30 percent drop in net income to P382 million in the first quarter of 2022 from P543.69 million in the same period last year due to lower...
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...
Almost two years and six initial public offerings later, real estate investment trusts (REITs) have proven to be a less volatile investment vehicle and a regular source of dividend income even during a pandemic. Five REITs listed at the Philippine Stock Exchange paid out a total of P5.77 billion in...
Filinvest REIT Corp. (FILRT), the real estate investment trust of the Filinvest group, reported a net income of P1.9 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said this was achieved on the back of rental and other revenues that reached P3.4 billion and a gain on...
