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...
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...
