Humble Sustainability, the partner of Robinsons Land Corporation’s RLC Residences in its condo decluttering project, has bagged three recognitions at the 12th Asia CEO Awards for their efforts to encourage people to do home clean-ups the eco-friendly way. Hailed as the largest business award in...
RLC earnings jump 47% in 9 months By JAMES A. LOYOLA Robinsons Land Corporation (RLC), a leading real estate company in the Philippines, recorded a 47 percent jump in net profits to P6.44 billion for the first nine months of the year compared to the same period in 2020. In a disclosure to the...
RL Commercial REIT Inc. (RCR), the country’s largest Real Estate Investment Trust (REIT) and backed by Robinsons Land Corporation, declared its first cash dividend amounting to P616.8 million. Just over a month since its debut at the Philippine Stock Exchange, the RCR Board of Directors approved...
The share price of RL Commercial REIT, Inc. (RCR) hit at an all-time high, closing at P7.22 apiece on November 2 and 3, 2021. The record price is 11.94 percent higher than its initial public offering (IPO) price of P6.45 per share. The company market its successful debut at the Philippine Stock...
While the PSEi retreated right after breaching the 7,300 level, the market is seen to try to push it back again if it gets encouraging news from initial corporate earnings results as well as from the new COVID cases reports. “While the local market had a good run this past trading week, it was...
Robinsons Land Corporation is developing two office towers that will be the first of its new generation buildings that are designed to be future-ready and responsive to the evolving preferences of the market. First among this new line of buildings are the firm’s GBF Tower 1 and Tower 2 which will...
RCR gets Triple-A, investment-grade rating RL Commercial REIT, Inc. (RCR), the Philippines’ largest Real Estate Investment Trust (REIT) to date, has receiived the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings). An...
RL Commercial REIT, Inc. (RCR), the real estate investment trust of Robinsons Land Corporation, successfully listed its shares at the Philippine Stock Exchange with its share price holding steady amid a weaker market. 32437 RCR makes history as the Philippines’ largest publicly-listed REIT with a...
Robinsons Land Corp. sponsored real estate investment trust (REIT), RL Commercial REIT, has started its offer period after it secured an approval from the Securities and Exchange Commission (SEC). The initial public offering is up to Php 23.53 Billion. Details of the final REIT plan may be accessed...
RL Commercial REIT, Inc. (RCR) has kicked off its P23.5 billion initial public offering which has generated strong institutional interest following its book-building process. 28461 In an interview, RCR Chairman and President of sponsor Robinsons Land Corporation Frederick D. Go said in a media...
The Gokongwei Group’s RL Commercial REIT Inc. (RCR) has set its final initial public offering price at P6.45 per share, making it the country’s largest real estate investment trust with a market capitalization of P64.2 billion. The firm is raising up to a total of P23.51 billion from its maiden...
It has been said that 2021 is the year of the REIT (real estate investment trust)`after two initial public offerings with a combined market capitalization of P74.36 billion plus two more IPOs in the pipeline with a maximum combined market cap of P128.43 billion. Makati CBD skyline These four IPOs...
