RL Commercial REIT Inc. moved closer to completing a P10.6-billion expansion after the Philippine Competition Commission cleared the acquisition of six Robinsons Land Corp. malls, removing another regulatory hurdle for the deal.
The Gokongwei family-led RL Commercial REIT is set to triple in size from its initial public offering (IPO) portfolio after agreeing to acquire six Robinsons malls in a P10.6 billion asset infusion, extending one of the Philippine REIT sector’s most aggressive expansion runs.
RL Commercial REIT Inc, or RL Commercial REIT Inc, closed calendar year 2025 with sharply higher revenues as newly infused malls lifted recurring income and strengthened its position among the Philippine market’s largest listed property firms.
Robinsons Land Corp. sold a P7 billion block of shares in RL Commercial REIT (RCR), ahead of the real estate investment trust’s announced index inclusion.
The Gokongwei family-led RLC Residences REIT Corp. (RCR) replaced Alliance Global Group Inc. (AGI) in the Philippine Stock Exchange index following the latest annual review based on January to De 2025 trading data.
RL Commercial REIT Inc. (RCR), the country’s largest real estate investment trust in terms of geographical reach, posted unaudited revenues of P7.66 billion for the first nine months of 2025, marking a robust 30-percent increase year-on-year.
The Gokongwei family-led Robinsons Land Corp. is raising P7.75 billion from a block sale of 1 billion shares in RL Commercial REIT (RCR) at P7.75 each, a 5 percent discount to its last close of P8.17.
Robinsons Land Corp. (RLC) has raised P6.21 billion by selling over 1.04 billion shares in RL Commercial REIT, Inc. (RCR) at P5.95 each, a 5.7 percent discount from RCR’s closing price the previous day.