For the fourth quarter, RCR approved a P0.1010 per share dividend, keeping its streak as the only Philippine REIT to increase payouts every quarter.
For the entire year, investors will receive a total of P0.4261 per share, including a bonus dividend of P0.0260. The fourth-quarter dividend will be paid on Feb. 28, 2025, to those holding shares as of Feb. 20.
Last year, RCR expanded its portfolio by adding 13 prime assets, consisting of high-quality malls and office buildings from Robinsons Land Corp.
Management’s view
“The infusion of the 13 assets augmented to the consistent declaration of increasing dividends quarter on quarter and reinforces our dedication and commitment in growing the company,” Jericho P. Go, president and CEO of RCR, said in a statement.
“It confirms the quality and stability of our properties and achieving the benefits from the yield-accretive infusions. RCR continues to be on the lookout for potential assets for acquisition aside from the assets of the sponsor,” he added.
As of 2024, RCR’s gross leasable area spans 828,000 square meters, consisting of 539,000 square meters of office space and 289,000 square meters of mall space. The company operates 29 properties across 18 key cities in the Philippines, including 17 office buildings and 12 shopping malls.
