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...
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), declared a cash dividend amounting to P915.3 million—its second cash dividend. In a disclosure to the Philippine Stock Exchange, RCR said its Board of Directors approved the declaration of cash dividends...
Citicore Energy REIT Corporation (CREIT) has firmed up its initial public offering (IPO) price at P2.55 per share after it received its permit to sell (PTS) from the Securities and Exchange Commission (SEC) on Wednesday, Feb. 2, for its float of 2,181,819,000 common shares, with an over-allotment...
Citicore REIT Corporation (CREIT), a subsidiary of Megawide-affiliated Citicore Power Inc., has secured the approvals of the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE), for its real estate investment trust (REIT) listing which will be a trailblazing offer for...
The Citicore Energy REIT Corporation (CREIT), the real estate investment trust (REIT) arm of Citicore Power Inc., scored the highest ‘dark green rating’ in a sustainability-linked assessment carried out by Norwegian firm Cicero Shades of Green (Cicero Green). Cicero Green is a subsidiary of...
The capitalization of the Real Estate Investment Trusts (REITs) in the Philippines zoomed in less than two-years, placing the country in the middle of the pack among major economies in the South and East Asian regions. In a report to Finance Secretary Carlos G. Dominguez III, the Securities and...
The expansion of real estate investment trust (REIT) to other industries, to include the renewable energy sector, will broaden opportunities for income generation that the investing public can tap into. Atty. Francis Lim, former president of the Management Association of the Philippines (MAP) and a...
