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.
RL Commercial REIT Inc. (RCR) is rewarding its investors with P5.71 billion in cash dividends for 2024, sharing more than 90 percent of its earnings with shareholders.
Gokongwei-led RL Commercial REIT Inc. (RCR), the Philippines’ largest real estate investment trust by geographic reach, reported a 41-percent revenue increase to P5.74 billion for the first nine months of 2024, boosted by asset infusions and strong occupancy rates.
Gokongwei-led property giant Robinsons Land Corp. (RLC) completed an overnight block placement of its shares in RL Commercial REIT Inc. (RCR) on Friday.
Gokongwei-led real estate investment trust giant RL Commercial REIT Inc. secured clearance from the Securities and Exchange Commission to proceed with an asset injection from owner Robinsons Land Corp.
Gokongwei-led companies are moving closer to completing an asset swap that will see industry giant Robinsons Land Corp. inject P33.9 billion worth of malls and offices into RL Commercial REIT.
Gokongwei-led property giant Robinsons Land Corp. is preparing a mega P33.9 billion property injection into real estate investment trust arm RL Commercial REIT Inc.