Gokongwei-led Robinsons Land Corp. is raising ₱7 billion through a private placement of its shares in RL Commercial REIT Inc., clearing the path for further asset infusions as it seeks to triple the size of its real estate investment trust. In a disclosure to the Philippine Stock Exchange, RLC...
RL Commercial REIT Inc. will join the Philippine Stock Exchange index (PSEi), the nation’s 30-company benchmark, replacing Alliance Global Group Inc. as part of a semi-annual reshuffle of the local equity market’s gauges. The Philippine Stock Exchange announced the changes following review of...
RL Commercial REIT Inc. (RCR), the real estate investment trust of Robinsons Land Corp. (RLC), raised its cash dividends to ₱5.37 billion after revenue jumped 30 percent in the first nine months of the year, driven by portfolio expansion. Unaudited revenue surged to ₱7.66 billion for the nine...
The Gokongwei Group’s property development arm, Robinsons Land Corp. (RLC), has raised ₱7.75 billion from the sale of one billion shares of RL Commercial REIT Inc. (RCR) to increase the real estate investment trust’s (REIT) public float. In a disclosure to the Philippine Stock Exchange (PSE),...
RL Commercial REIT Inc. (RCR), the real estate investment trust of Gokongwei-led Robinsons Land Corporation, is aiming to triple its market capitalization to ₱300 billion from the current ₱100 billion in three years through infusions of RLC’s offices and malls. In a media briefing after the...
Robinsons Land Corp. (RLC) is gearing up for another infusion of assets into RL Commercial REIT Inc. (RCR) by selling ₱6.21 billion worth of the real estate investment trust’s shares to boost its public float. In a disclosure to the Philippine Stock Exchange, RLC said it has completed the...
RL Commercial REIT Inc. (RCR), the real estate investment trust of the Gokongwei Group, is looking forward to the infusion of 1.45 million square meters of gross leasable area (GLA) and 4,000 hotel rooms by its sponsor Robinsons Land Corporation. In a disclosure to the Philippine Stock Exchange,...
Robinsons Land Corporation (RLC) achieved a 13 percent growth in net income to P10.01 billion in the first nine months of 2024, from P8.84 billion in the same period last year, driven by the company's investment in properties. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
The Gokongwei Group’s real estate unit Robinsons Land Corporation has raised P1.87 billion from the sale of a two percent stake in its real estate investment trust RL Commercial REIT, Inc. (RCR). In a disclosure to the Philippine Stock Exchange, RLC said it has completed the overnight block...
The Gokongwei Group’s Robinsons Land Corporation (RLC) is investing P3.5 billion this quarter to acquire land for an integrated development in Taguig City. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the investment will be reallocated from funds it raised from the...
RL Commercial REIT Inc. (RCR) and its sponsor, Robinsons Land Corporation, consummated on July 16, 2024, their third property-for-share swap transaction worth P33.92 billion, although regulatory approval is still needed to complete the deal. In disclosures to the Philippine Stock Exchange (PSE) on...
The Gokongwei Group’s real estate investment trust RL Commercial REIT Inc. (RCR) is acquiring 13 malls and office assets worth P33.92 billion from its sponsor Robinsons Land Corporation (RLC) through a stock-for-asset swap. RCR President and CEO Jericho P. Go RCR President and CEO Jericho P. Go...
