The growth was fueled by the infusion of nine lifestyle malls into its portfolio and a sustained 96-percent occupancy rate across assets.
P30.7-B mall infusion lifts Q3 results
For the third quarter of 2025, RCR posted unaudited revenues of P3.07 billion, excluding the effect of fair market value changes in its investment properties. This represented a P728-million or 31 percent increase quarter-on-quarter, following the transfer of nine malls from its sponsor, Robinsons Land Corp. (RLC).
The property-for-share swap, approved by the Securities and Exchange Commission (SEC) on Sept. 5, 2025, took effect on Aug. 1, 2025, marking RCR’s fourth asset infusion since listing.
Post-infusion, RCR’s unaudited total assets stood at P145.71 billion, while shareholders’ equity reached P140.64 billion—with the company remaining debt-free.
Commitment to growth, diversification
“The recent infusion of nine malls into RCR’s portfolio underscores our continued commitment to growing the company,” said Jericho P. Go, president and CEO of RCR.
“Since our listing in 2021, we have nearly tripled our gross leasable area and expanded our footprint from 9 to 25 key locations nationwide.”
Go emphasized that the P30.67-billion infusion, one of the largest in RCR’s history, strengthens its ability to generate higher income from a variable rent structure, which allows for revenue upside based on tenant performance.
Regular cash dividends
The RCR board also approved the declaration of a P0.1060 per share regular cash dividend for the third quarter of 2025, payable on Dec. 2, 2025 to shareholders of record as of Nov. 21, 2025.
For the first three quarters of the year, RCR has declared a total of P5.37 billion in cash dividends, equivalent to over 90 percent of its distributable income, consistent with its REIT Law–mandated dividend policy.
Transformative expansion
The inclusion of nine malls—Robinsons Dasmariñas, Starmills, General Trias, Cybergate Cebu, Tacloban, Malolos, Santiago, Magnolia, and Tuguegarao—expanded RCR’s assets from 29 to 38, comprising 21 malls and 17 offices.
This boosted RCR’s gross leasable area (GLA) by 39 percent, from about 828,000 sqm to 1.15 million sqm, and further extended its reach to 25 locations nationwide.
RCR’s market capitalization as of Sept. 30, 2025, stood at P141.92 billion, based on a share price of P7.26. —Ed: Corrie S. Narisma
